In a year when almost everyone is pinching pennies, there are lots of chances for you to save on your taxes — even if you don’t itemize deductions.
Amounts that can be directly subtracted from your income to arrive at your adjusted gross income — so called “above-the-line” deductions or “adjustments to income” — provide a [...]

There are certain mistakes or situations that are more likely than others to attract the attention of the Internal Revenue Service. Here are some things experts say can cause the IRS to scrutinize your tax return:
1. Mathematical errors.
The IRS checks every return for math mistakes and if it finds a computation error that resulted in [...]

A proposal to remove the state’s 4 percent tax on the purchase of groceries passed the first hurdle in the Alabama Legislature on Thursday.
The bill by Rep. John Knight, D-Montgomery, was approved on a voice vote with several members expressing opposition. The bill now goes to the full House for debate.
A bill to remove the [...]

The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag approaching $900 billion. The vote was 71-26 to allow many car buyers to claim an income tax deduction for the cost of automobile sales taxes [...]

By STEPHEN FOSTER BLACK
As we move into a new tax filing season, in the midst of the most severe recession in three generations, the Earned Income Tax Credit (EITC) has never been more critical to the working people of our state.
Considered to be the most important federal anti-poverty program in the nation, the EITC is [...]