Tax rates range from a ten percent to 35%, but rates vary depending on a person's filing status and level of income. Here's an overview of the 2007 tax rates, ... Read More

Form 1040-EZ is a simple, one-page tax form designed for people with uncomplicated finances. The easy-to-prepare tax form is perfect for people who's only income is from wages and some ... Read More

Independent contractors and other people who work for themselves will need to report their Social Security Number or business tax identification number to their clients. This is done using Form ... Read More

President Bush and House legislators have agreed on the basic policy objectives for boosting the US economy in the hopes of warding off a recession. Bush hopes that the plan will ... Read More

Choosing the right tax form can save you time. There are three federal tax forms, some shorter than others. Choosing the tax form that's right for your financial situation will ... Read More

President Bush and Congressional leaders are considering various options to boost a slowing economy, according to this Associated Press article showing up in the news headlines: "United for urgent action, the ... Read More

That's a question frequently asked in the tax forum. For example, one reader asked whether the mother or the grandmother would be eligible to claim the kids as dependents if ... Read More

Besides the IRS Free File programs, which have income limitations if you want to use the software, several software vendors provide their tax preparation programs free of charge. So if ... Read More

Many taxpayers can prepare and file their federal income tax returns on the Web at no charge. These free tax preparation services are provided through the Free File Program, which ... Read More

I've spent the past week or so doing a lot of bookkeeping -- for myself, for my business and for clients. And I've realized (although I kind of already knew ... Read More

Shelley Elmblad, About.com's Guide to Financial Software, has posted her first thoughts about the latest edition of TaxCut, a tax preparation program from H&R Block. "This year, TaxCut did away ... Read More

The IRS plans to begin processing tax returns for the 2007 year on January 14, 2008. But some the processing of returns for some taxpayers will be delayed. Congress passed ... Read More