The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.
The recently enacted American Recovery and Reinvestment (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or [...]

A Federal Tax Lien from the Internal Revenue Service is a public acknowledgment and formal security filing on a taxpayers assets. As a security interest, an IRS Tax Lien has to be addressed or satisfied before an asset can be sold. If, for example, there is a Federal Tax Lien on your home, you are [...]

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 [...]

Whether you’re looking to lower your tax bill or increase your refund, these IRS tips can help your bottom line. Tax credits can help pay the cost of raising a family, going to college, saving for retirement or getting day care for dependents. But each year, many taxpayers overlook these credits, even though [...]

1. Gather your records in advance. It’s never too early to start getting together any documents or forms you’ll need when filing your taxes: receipts, canceled checks, and other documents that support an item of income or a deduction you’re taking on your return. Be on the lookout for W-2s and 1099s, coming soon from [...]