Category:
Tax

Blocks that spell out wealth tax next to bag of money

Will the Wealthy Be Taxed More?

By Max Fay | October 23, 2020

There has been much talk this campaign year about a “Wealth Tax” and whether it would impact the wallets of middle and lower-income America, even if its name doesn’t. Rest…

Home office setup that might be expensed on taxes

How Working from Home in 2020 Affects Income Taxes

By Maureen Milliken | October 23, 2020

Your company sent everyone home when the pandemic began last March and now that is your workplace so you’re probably wondering if that means you’re eligible for some serious tax…

Trump and Biden looking at each other

How Biden & Trump Tax Policies Compare

By Max Fay | October 2, 2020

The gap between the presidential candidates on tax programs is Grand Canyon-esque. And that may understate it. President Donald Trump wants to continue the 2017 tax cut, which his campaign…

Paperwork to defer payroll tax

Payroll Tax Deferral: Is It Worth It?

By Max Fay | September 11, 2020

Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce…

Calendar with July 15 marked as tax day

Tax Season Countdown All Over Again

By Bill Fay | June 30, 2020

Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and…

Vector of people filling tax form documents using internet services

Cheapest Software to File Taxes Online

By Max Fay | February 14, 2020

Advertiser Disclosure Debt.org wants to help those in debt understand their finances and equip themselves with the tools to manage debt. Our information is available for free, however the services…

Tax Bracket written on a notebook on desk

Tax Brackets

By Bill Fay | January 8, 2020

The United States operates under a progressive tax code, which means — all things being equal — the more you earn, the more income taxes you owe. (Exceptions apply; we’ll…

Man confused about his tax debt

#1 Tax Debt Advice – Payment Plans & Forgiveness Options

By Bill Fay | February 12, 2019

As calendar dates go, April 15 doesn’t exactly create the heart palpitations of December 25, February 14 or even the Fourth of July. However, you can’t deny that April 15…

Questions asked about Tax Consequences

Tax Consequences of Debt Relief Services

By Bill Fay | February 5, 2019

If you used debt relief options – specifically, debt settlement – to escape severe financial problems last year, you’re probably still celebrating your good fortune. Slow down. The IRS has…

Two wooden figures representing people with solution in between them presenting the idea of compromise

Offer in Compromise: How to Settle Your IRS Tax Debt

By Bill Fay | February 4, 2019

What is an Offer in Compromise? An “Offer in Compromise” is a little-known but remarkably effective way that thousands of people in trouble with the IRS routinely eliminate tens of…