Monthly Archives: October 2013

Avoid a Tax Surprise: Check Federal Tax Withholding

Some people are surprised to learn they're due a large federal income tax refund when they file their taxes. Others are surprised that they owe more taxes than they expected. If this has happened to you, then it's time to check your federal tax withholding or payments. Here are some tips to help you bring…
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Reduce Your Taxes with Miscellaneous Deductions

If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses, which might reduce your federal income tax. With that in mind, let's take a closer look at miscellaneous deductions that might benefit you this tax season. Deductions Subject to the Two Percent Limit. You can deduct most miscellaneous expenses…
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Government Shutdown Affects Taxpayers

October 1, 2013 marked the first day of the shutdown of the federal government--the first since 1995-1996. Without a clear idea of how long this "lapse in appropriations" is expected to continue, here's a look at how taxpayers are affected. During the shutdown, approximately 86,000 IRS employees have been furloughed and IRS operations are limited.…
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Tax Relief for Those Affected By Natural Disasters

With floods, tornadoes, hurricanes, earthquakes, and other natural disasters affecting so many people throughout the US this year, many have been left wondering how they're going to pay for the cleanup or when their businesses will be able to reopen. The good news is that there is some relief for tax payers--but only if you…
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