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Category Archives: tax credits

Pay Your Taxes On Unemployment Insurance Benefits

February 1, 2012 – 11:06 am

When filing your 2012 taxes, make sure you pay taxes on your unemployment insurance benefits.

While the rate of unemployment may be reducing, there are still millions of people who are unemployed. Sadly, these individuals also have to pay taxes on their unemployment insurance benefits.

If you are unemployed and you collected unemployment insurance benefits last year, you must pay taxes on it. After calculating your tax incidence, you will be surprised at the amount of tax you owe the government, unless you requested the federal government to withhold taxes.

The VP of Turbo Tax, Bob Meighan says that … Read more at 2011 Taxes.

By Steve | Also posted in Tax Law, Tax Preparation, TurboTax | Tagged Accounting, Bob Meighan, Federal government of the United States, internalrevenueservice, tax, turbo tax, TurboTax, unemployment, Unemployment Benefit, Unemployment benefits, United State, United States | Comments (0)

Lower Capital Gains Taxes And 2012 Taxes Can Influence Voters

January 23, 2012 – 5:28 pm

The current capital gains taxes on investment income are fifteen percent. While the taxes on the middle class wages are around thirty-five percent. Mitt Romney admitted recently that he pays only fifteen percent on his total yearly income. The Occupy Wall Street movement has not faded from voters’ memories or the specter of the wealthy one-percent. Romney found himself identified as a member of this affluent group.

There has been serious debate as to whether lower capital gains taxes will help the economy. Top economists do not agree on the effect of lower taxes investment income. Some contend that lower … Read more at 2011 Taxes.

By Steve | Also posted in Retirement Savings, Tax Law, Tax Preparation, TurboTax | Tagged Capital gains tax, income tax, investment, Mitt Romney, Occupy Wall Street, Percentage, Romney, tax | Comments (0)

The Brownback Plan For 2012 Taxes Is Not Well Thought Out

January 20, 2012 – 4:00 pm

The Brownback plan for 2012 taxes has not been thought out very well by the Kansas Governor. Many of the people who are lower class income or below will see a rise in paying taxes, whereas those in a high class income will see higher tax cuts. These figures were produced by the Governor’s own Department of Revenue, showing that the plan will work like a Robin Hood movie in reverse, taking from poorer homes and giving to richer homes.

Brownback’s plan reduces the highest tax bracket to barely five percent, and leans heavily on eradicating tax deductions and … Read more at 2011 Taxes.

By Steve | Also posted in Tax Law, Tax Preparation, TurboTax | Tagged brownback, internalrevenueservice, Kansas, Kansas Governor, Mortgage loan, Robin Hood, Sam Brownback, tax, Tax deduction, TurboTax, United States | Comments (0)

Tax Carnival Ecstasy – January 12, 2012

January 12, 2012 – 8:46 pm

Welcome to the January 12, 2012 edition of Tax Carnival Ecstasy. In this edition we have Tim @ Faith and Finance looking at When Are 2011 Taxes Due? aka. Tax Deadline in 2012 which happens to be April 17th instead of April 15th. There is also an article on Ways To Take Advantage of 2012 Tax Rules by Robert Moore. And Jill Thompson examines Potential Hazards of Rent-to-Own when you are the seller. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back real soon.

retirement

Patrick LaRue presents 4 Ways to Get the Most out … Read more at 2011 Taxes.

By Steve | Also posted in Tax Law, Tax Preparation, TurboTax | Tagged Amy Gardner, Credit card, Credit history, Debt consolidation, Facebook, Jill Thompson, Social Security, tax, TurboTax, United States | Comments (0)

Tax Carnival Ecstasy – January 3, 2012

January 3, 2012 – 9:36 pm

Welcome to the January 3, 2012 edition of Tax Carnival Ecstasy. We have the top 5 articles this week for the carnival including how to get Free Tax Advice by Phone this tax season from a software company. Joe Morgan takes a look at being Prepared to Pay $3,598 More in Income Tax for 2012. And Clint Cora examines the W8BEN Form For Canadians, this form is for Foreigners Who Work In The US. Hope you find the information helpful, bookmark, share, tweet, like on Facebook, and come back soon.

tax law

Lawyer presents What is Tax Law? Do You

… Read more at 2011 Taxes.

By Steve | Also posted in Canadian Taxes, tax forms, Tax Law, Tax Preparation | Tagged 2012, 3, Blog carnival, carnival, Credit card, ecstasy, income tax, IRS tax forms, january, Joe Morgan, tax, Tax Carnival Ecstasy, Tax Law | Comments (0)

Ways to make the Most out of a Charitable Donation

November 28, 2011 – 1:59 pm

Any way you slice it, charitable donations are a plus for everyone involved. When you decide that it’s finally time to give back, there are countless ways to do so. But how do you make the most out of your decision to help out? There certainly isn’t anything wrong with maximizing your return on your donation, and helping out is easy. Here are a few things you may want to consider.

Volunteer

This is the simplest way to give back to your local community, and potentially the most rewarding. Anyone can donate money, but to give up your free time … Read more at 2011 Taxes.

By Steve | Also posted in tax forms, Tax Law, Tax Preparation | Tagged Africa, Charitable organization, Donation, Food bank, Gifts in Kind, India, Money, Philanthropy | Comments (0)

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2011 Taxes – Free Tax Filing Options