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5 Tax Deductions You May Have Missed

While filing taxes is taxing. (pun intended). Trying to get all your records together (hopefully, you've kept them), waiting patiently for your 1099 and W-2 forms and trying to remember what deductions you can take.  It's one of those things that needs to be done.  From personal experience, here's some you may have forgotten that will possible help your bottom line.

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The Single Life is Thriving According to the IRS, Celebrate Your Choice to Be Single at Singles In The City

Taxes are due in less than a month.  As I was searching for tax information to share with you I stumbled on the fact that single Americans make up a majority of people that file taxes.  In fact, Ken and I were discussing the fact that some people refrain from getting married due to the changes that would occur when filing their taxes.

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Korean Won Drop Against U.S. Dollars And Japanese Yen
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5 Ways to Lower Your Taxes You Might Not Know About

The next six weeks are known as Tax Season, and we've come up with a few ways to lower your bill that you might not know about.

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Category: Financial Tags:
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Community Action Duluth Provides Free Tax Service, Do You Qualify?

Having to do taxes is intimidating to most people.  You have an idea of how to do it, but are you taking all the deductions you deserve?  Which form should you use?  You know there are tax services available, but don't think you can afford their fees.  There is a free tax site available through the Community Action Duluth.

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Wisconsin Department of Revenue Protects You with Identity Verification this Tax Season

Identity theft is always in the back of your mind.  Every time you're asked to give personal information whether it's at the bank, the grocery store, or to sign up for perks at your favorite coffeehouse.  The WI Department of Revenue is on it!  Taking extra steps this tax season to ensure you're protected.  If you file in WI, this is important information to have.

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Minnesota Counties Considering New Taxes to Pay for Road Repair

I was just thinking the other day, "Man, I wish I could pay more taxes!".  Well, it looks like that may become a reality for everyone in St. Louis County.

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northlandsnewscenter.com
northlandsnewscenter.com
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MN Cigarette Tax Will Increase $1.60 Per Pack July 1st [VIDEO]

The Minnesota Legislature has just passed a bill to help correct the state's huge deficit.  The bill includes a $2.83 per pack tax on cigarettes, along with a one time floor stock tax on cigarettes.  This is an increase of $1.60 per pack of smokes.

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Matt Cardy/Getty Images
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New Tax Deed Timeline Could Cost Douglas County Property Owners Substantially

 

If you live in Douglas County and are delinquent in your taxes you should take note.  The timeline for payment is changing and it could cost you considerably.  In previous years, properties in Douglas County that were delinquent in tax payment by nearly four years  were taken by tax deed on the third week of October.  With the new timeline the date has changed and beginning in 2014, tax deeds will be taken at the end of June. 

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IRS tax fraud map
See full size here. (Credit: IRS)
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How to Stop Identity Thieves From Stealing Your Tax Refund

Last week, the Internal Revenue Service announced that it had targeted about 400 identity thieves across the country. The thieves were using stolen Social Security numbers to file false tax returns and then claim the refunds.

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Category: US News Tags: ,
401 (K) 2013, Flickr
401 (K) 2013, Flickr
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5 Ways to Save Money on Your 2013 Taxes

It's hard to believe it's already the middle of tax season. 2013 is off to a fast clip, and unfortunately this means that Tax Day is right around the corner. You could bury your head in the sand until you hit April 14 panic mode, or this year you could give yourself a burst of energy and self-confidence knowing that you met your taxes head-on. Here are money savers to get you started:

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Category: Financial Tags:
(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Red Flags That Will Get You Audited

I'm busy finishing my taxes and looking for anything that will help me. I read that most people don't turn in their taxes till the last few days, so if you are like me and still working on them. Here's some tips.
Taxpayers overall face a low audit risk: The IRS audited 1.1% of all individual tax returns filed in 2010, or 1.6 million returns of 141 million filed.

The vast majority of those audits — 1.2 million — were done by mail. Just 392,000 involved an in-person meeting with the IRS. That’s not necessarily good news.

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Category: Financial Tags: , ,
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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Should Soda and Other Sugary Drinks Be Taxed? — Survey of the Day

Much like cigarettes and alcohol are taxed, there is a movement afoot to levy similar charges on soda and other sweetened beverages.

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Category: Food, Health Tags: , , ,

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