The Latest Tax News & Tips

Taxable Gift or Not Taxable Gift

Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax.  Here are seven tax tips about the gift tax and giving: Nontaxable Gifts. The general rule is that any gift is...

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Estimated Tax Payments Tips

Taxpayers usually will have taxes withheld from their pay if they are an employee. However, if a person doesn’t have taxes withheld, or they don’t have enough tax withheld, they may need to make estimated tax payments. Taxpayers that are self-employed normally have to...

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Higher Education Tax Benefits

Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction. Here are some facts from the...

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Tax Tip 001: Protecting Personal Computers

The Internal Revenue Service, states and the tax industry remind you that online threats and annoyances abound. There are viruses, worms, Trojans, bots, spyware and adware – all fall under the malicious programs (malware) umbrella. How do you protect your computer...

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