July is a good time to do some quick tax math and make projections for how your taxes might look for the full year. That's because you'll have a full ... Read More

The IRS has increased the standard mileage rate for taxpayers who drive their cars for business and medical purposes. Starting July 1, 2008, the standard mileage rate will be 58.5 ... Read More

Interest charged on balances owed on federal taxes will drop to 5% starting July 1, 2008. The previous interest rate was 6% (effective from April 1st to June 30th, 2008), ... Read More

Mortgage interest is tax-deductible within certain limits. The limitations are $1,000,000 of acquisition debt and $100,000 of home equity debt. Combined, this means that loans of up to $1.1 million ... Read More

With same-sex marriages now legal in California as well as Massachusetts, couples will need to plan their finances and taxes very carefully. Federal law, however, does not recognize same-sex ... Read More

US Citizens and resident aliens living abroad have until Monday, June 16th, to file a return or request an extension. People living abroad are granted a truly automatic two-month extension ... Read More

Estimated tax payments are due on Monday. And this quarter I decided to be real smart and actually figure out how much I needed to pay to avoid having a ... Read More

When homeowners can sell their primary residence, the first $250,000 in profits are tax-free. The tax-free amount is doubled to $500,000 for married people filing a joint return. In order ... Read More

Consultants and business owners can write off a variety of common business expenses against their taxes. Expenses that are typical for many consultants include software, supplies, travel, postage, and continuing ... Read More