tax

Governor Bobby Jindal's office is offering a proposal to make Louisiana more competitive for business and residents by eliminating state personal income tax and corporate income tax. However, this proposal would mean a sales tax hike from the current 4% state sales tax to 7% to make up the difference in revenue.

All this week I am posting Tax Tips. This third tip is actually 6 tips in 1 and will help you not $tress Out about TAX Time. Check each day this week for tips to help you through this Tax Season. Tax preparation doesn't need to give you a headache ...

All this week I will be posting Tax Tips. This first one focuses on the tax rules that may affect your child's Investment Income. Check back daily for tips to help you through this Tax Season.  Parents may not realize that there are tax rules that may affect their child’s investment income...

As part of a continuing effort to improve service to taxpayers, the Internal Revenue Service announced today the availability of a new online tool to help people easily find a location for volunteer tax preparation assistance. The new tool, available 24 hours a day on IRS...

The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft...

As obesity continues to plague the United States, many states have imposed a tax cost on some of the products that contribute to unhealthy weight gain, like soda. But experts believe that the current sales tax isn’t high enough to truly impact health and weight loss.

So, what would you rather do on Tax Day:  pay taxes or get free stuff? Marketers are betting on the latter. More than a dozen national companies are offering Tax Day promos — from free photocopies to free snacks — hoping to lure tax-weary consumers with the prospect of free or discounted goodies.

Yesterday, I told you about seven no-no's when it comes to deductions if you don't want to get audited.  Today, it's ten things you SHOULD do to keep more of YOUR money.  Since the goal of every taxpayer is to make sure the IRS gets as little as possible, you need to take every tax deduction, credit or other income adjustment you can.