Taxes

529 Plan Mismatches - How to Avoid Major Tax Issues

529 plans are one of the best options available to save for your child's college education, but because of their tax-deferred status, you need to be careful when withdrawing at the end of the year.

The Pain of Sales Tax

If it seems you’re paying more each year in sales taxes, it may not be your imagination.

Tax Season is Over – Or is it?

If you filed for a tax extension, remember that’s only an extension of time to file, not an extension of time to pay.

When Your Tax Burden is Paid for the Year

Tax Freedom Day is the day when our collective income as a nation is enough to pay our collective federal and state taxes for the year. Considered in that respect, all of the income we earn after that point may be considered "tax-free.”

How the Mega-Rich Avoid Paying Taxes

It is rumored that some of the wealthiest Americans manage to pay less in taxes than some of their employees. They achieve this by one of two methods: doing their own financial and tax planning or paying someone to do it for them. Simple, isn’t it?

5 Things to Know About Tax Day

Wednesday is the deadline for filing income tax returns, a day long associated with the dread of rushing to fill out complicated forms and, perhaps, making a payment to Uncle Sam.

How to File for an Extension

The deadline is nearly here. Learn how to file for an extension, if you are not quite ready to file your taxes.

Can I Get a Last-Minute Tax Extension?

You can get extra time to file your taxes, but when it comes to paying them, there are no extensions. Here are some options if you're not ready to file.

Should You File for a Tax Extension?

Many people believe that if after years of timely filing they suddenly put in for an extension a red flag will go up with the IRS. Not so.