Credits »
Improper Payments by the IRS is Costing Taxpayers Billions
The IRS has made over $13 billion in improper payments in 2011. These improper payments came from the only program the IRS is currently reporting, the Earned Income Tax Credit. The Earned Income Tax
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Tax Benefits for Businesses that Expired in 2011
Many important tax provisions that benefit businesses are expired at the end of 2011. The Congressional Joint Committee on Taxation (JCT) has identified 67 tax provisions expected to disappear: Tax Credit for Research and
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Tuition and Educational Fees Tax Deduction
Top Takeaways 1: Tuition fees must have been paid for yourself, your spouse, or your dependent To deduct tuition and fees the expenses must have been paid during the year for yourself, your spouse,
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Avoid Common Errors in Filing Your Taxes
As we enter tax season once again it’s time to remind filers to always review their tax returns for common errors that could result in delayed refunds The Internal Revenue Service (IRS) suggests the
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Child Tax Credit
Top Takeaways 1: Child Tax Credit is available for up to $1000 per qualifying child With the Child Tax Credit, you may be able to reduce your federal income tax by $1,000 for each
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Washington and Oregon Await Production Tax Credit Vote
The wind industry and regions with big constituencies of wind workers like Washington and Oregon are sounding an optimistic note about the prospects of extending a key tax credit in 2012, according to The
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