Tax Tips

Here’s the lineup of the biggest mistakes taxpayers make. And what to do to avoid them. 1. Bad math According to the Internal Revenue Service, errors […]

Taxpayer’s checklist for Tax Year 2010 Information you need Where to get the data   PERSONAL DATA   Social Security numbers (including spouse and children). If your […]

If the amount of your allowable deductions is greater than your standard deduction, the IRS encourages you to itemize your deductions. Major categories for itemizing deductions […]

The tax-filing deadline is April 15, 2010. Which means you have until April 15 to file a return for the calendar year that ended December 31, […]

Even better than a tax deduction is a tax credit. A tax credit reduces the amount of taxes you owe dollar-for-dollar. For example, a tax credit […]