by John Waggoner ermites are probably the only thing homeowners dislike more than property taxes. The average home price has soared an average 11.8 percent a year over the past three years, according to the Standard & Poor’s CoreLogic Case-Shiller U.S. National Home Price NSA Index. Although that’s wonderful, your property taxes have probably risenContinue reading “6 Ways To Reduce Your Property Taxes”
Category Archives: taxes
17 States With Estate or Inheritance Taxes
Even if you escape the federal estate tax, these states (plus D.C.) may hit you by John Waggoner Note: Some states levy estate taxes on a person’s assets when they die. A few states tax inheritances. Maryland does both. Most people don’t have to worry about the federal estate tax, which excludes up to $12.92Continue reading “17 States With Estate or Inheritance Taxes”
How long does an IRS audit take? What to know about IRS audit triggers, letters and more
Failing to respond to an IRS audit can trigger additional penalties and interest.
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IRS audit: What triggers it and what are red flags that increase the chance of being audited
by Elisabeth Buchwald As you work on your tax return, you may be wondering if there’s anything you can do to avoid being audited. When you’re audited by the Internal Revenue Service, it means your return was selected from a batch of returns for a closer inspection. Sometimes returns are selected at random for a closerContinue reading “IRS audit: What triggers it and what are red flags that increase the chance of being audited”
How to call the IRS and reach a real person
by Elisabeth Buchwald During the past couple of tax seasons, it was notoriously hard to reach an actual human at the Internal Revenue Service. Nearly everyone who tried to reach the agency over the phone ran into some sort of glitch in 2022, with only 13% of callers reaching an IRS employee, according to the National Taxpayer Advocate’s report to Congress. But thatContinue reading “How to call the IRS and reach a real person”
The way the IRS operates is about to undergo a major change. Here’s what that means for you
View of the Internal Revenue Service (IRS) building in Washington, DC, on January 24, 2023. STEFANI REYNOLDS, AFP via Getty Images
Nine States With No Income Tax
Paychecks are safe from state taxes if you live here by John Waggoner Florida is the most popular state for retirees to move, and sun-kissed beaches aren’t the only reason. The Sunshine State has no income tax, which can be a powerful draw for people in states with high taxes (and cold winters). If you’re lookingContinue reading “Nine States With No Income Tax”
Trump’s Attorney Gears Up for Fight That Could Doom Trump
by Lauren Giella Donald Trump’s lawyer is gearing up for his own legal fight in a move that could spell trouble for the former president and 2024 GOP candidate. Evan Corcoran, who has represented Trump during the government’s probe into classified documents found at his Mar-a-Lago home last summer, has now retained prominent white-collar lawyerContinue reading “Trump’s Attorney Gears Up for Fight That Could Doom Trump”
4th stimulus check update 2023 — Five states paying out between $200 and $1,700 to millions – see if you’re eligible
by Ivana Xie MILLIONS of Americans will be getting payments ranging from $200 and $1,700. Coloradans who already filed their 2021 tax return by October 17 can expect to get their payments by the end of January. California’s Middle-Class Tax Relief payment has been sent out in separate batches since October, and Americans should have received their moneyContinue reading “4th stimulus check update 2023 — Five states paying out between $200 and $1,700 to millions – see if you’re eligible”
State Stimulus Payments 2022: These States Are Sending Out Checks in September
See if your state has started mailing out tax rebates or stimulus payments yet. Dan Avery 9/6/22 Residents of many states are receiving supplemental tax rebates and stimulus payments to help combat ongoing inflation. Hawaii and Illinois are issuing tax refunds in early September and residents of Illinois should receive rebates of up to $400Continue reading “State Stimulus Payments 2022: These States Are Sending Out Checks in September”
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