Category:
Tax

IRS Shares Tips on How to Avoid Fraudulent Tax Preparation Services

By Bill Fay | May 10, 2021

Tax fraud related to identity theft is a rapidly growing problem. It involves thieves using your personal identifying information to file false tax returns in order to receive big refunds.…

Didn’t Pay Back Your Student Loans? Tax Return Is Fair Game

By Alanna Ritchie | May 10, 2021

Josh Brooks’ annual tax return is between $500 and $700. It’s a good chunk of money he could use toward paying off his credit cards, motorcycle and living expenses. Instead,…

Will the Wealthy Be Taxed More?

By Bill Fay | May 10, 2021

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…

How Working from Home Affects Income Taxes

By Maureen Milliken | May 10, 2021

Your company sent everyone home when the pandemic began in March 2020, and here you are, still working from home as tax time approaches in 2024. Or maybe you just…

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…

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…

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…

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 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…

#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…