Tax Guide: IRS, rules, laws, changes, help, tips, filing, refund - FOX21- Entertaining Delmarva One Click at a Time

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IRS reveals the top tax scams of 2018

The Dirty Dozen — a 1967 war movie starring Lee Marvin, Charles Bronson, and Jim Brown, or a list of the top twelve tax scams as identified by the Internal Revenue Service? How about both?

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How To Pay Your Taxes

Let's assume that you drew the short straw on the 2018 tax cuts, and you owe Uncle Sam this year. How do you plan to pay? There are plenty of ways other than the old-fashioned check submitted with a paper tax return. If... More>>

States With the Largest Tax Bills

Tax season can be a celebratory time for Americans who are owed a refund. But while the focus is often on those who have overpaid, it’s important to note that a significant number of people don’t pay enough. Americans who... More>>

401(K) Tax Rules: Withdrawals, Deductions & More

If you’re building your retirement saving, 401(k) plans are a great option. These employer-sponsored plans allow you to contribute up to $19,000 in pre-tax money per year. Some employers will also match some of your... More>>

1 In 4 Fear A Tax Audit

Nobody enjoys a tax audit, but should you fear receiving one in any given year? Generally, the answer is no. According to the 2017 IRS data book, the agency audited nearly 934,000 tax returns during the 2017 fiscal year... More>>

How To Avoid Being A Tax-Scam Victim

To paraphrase the old adage, there are only three absolutes in life: death, taxes, and the rise of scams during tax season. A major tax scam since 2013 involves phone calls by fictional IRS agents that demand immediate... More>>

Tax season begins January 28

Did you have a happy New Year? We certainly hope so. Now it's time to get back to regular routines and take care of January chores, including gathering your tax information

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How To Identify Tax Identity Theft

Tax filing season is upon us. Soon you will be filing your paperwork and perhaps receiving a nice check — unless thieves file a return in your name first and falsely claim your refund. Unfortunately, if a thief has your... More>>

9 Popular Tax Credits

While many deductions were cut or modified with the Tax Cuts and Jobs Act (TCJA) of 2017, most tax credits were retained. Tax credits are more powerful than tax deductions because they directly subtract from your tax bill... More>>

Top 13 Ways To Cut Your Taxes

Are you ready to cut your tax bill as much as possible? Consider these thirteen ways to keep your contributions to Uncle Sam as low as possible. 1. Filing Status – Are you filing under the correct status? It's usually... More>>

New 2019 tax laws

Here is a reminder of changes affecting your tax returns for the 2018 tax year

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19 Most Popular Tax Deductions For 2019

The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible taxpayers. Do you qualify for... More>>

Ways To Avoid The SALT Tax Cap

One of the most controversial provisions of the 2017 Tax Cuts and Jobs Act (TCJA) was the limit it placed on state and local tax (SALT) deductions. The TCJA capped the deduction on combined payments for state and local... More>>

Tax Identity Theft Lower But Still A Problem

Identity thieves have many ways to steal your money – including fraudulent tax returns. They file a return in your name as early as possible to beat your legitimate return, with fake financial data designed to claim a large... More>>

7 December Moves To Save On 2018 Taxes

The holiday season is full of plans and activities that make December incredibly hectic. If you are the average American, tax considerations and financial adjustments are pretty low on your holiday to-do list. However, you... More>>

Top 7 tax deductions and credits that people forget

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Don't overlook these common tax deductions that could save you money.

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Pet Tax Deductibility

In general, deducting pet expenses on your tax return can get you into hot water with the Internal Revenue Service (IRS). Usually pet expenses will not hold up should the IRS audit you. However, specific cases exist that... More>>

Interactive tax assistant 101

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Looking for tax help? Check out the IRS's interactive online assistant

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Tax benefits of caring for an aging relative

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Caring for an elderly relative can be rewarding, but incredibly difficult – as well as expensive. However, it may be possible to recoup some of the costs through income tax savings. 

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Obamacare Tax Forms 1095-B And 1095-C 101

Thanks to the Affordable Care Act (ACA), you should receive 1095 forms along with the W-2, 1099, and other tax forms that you receive from employers and financial institutions. The 1095 forms verify your health care... More>>

9 ways to reduce investment taxes

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The recently passed Tax Cuts and Jobs Act (TCJA) gave most Americans a break on their upcoming taxes – but you don't need legislation to cut your taxes even further

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What Is My IRS Pin?

The last few years have been difficult ones for the IRS with respect to security issues, and the agency is determined to improve security during this year's filing. Electronic filing is particularly vulnerable because of... More>>

Are my Social Security benefits taxable?

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Social Security is generally considered a tax-free benefit, but that is not always the case

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Tax Benefits of Having Dependents

Did your kids get a taste of the real world and decide that living off Mom and Dad was not so bad after all? Cheer up… you may still be able to claim them as dependents on your taxes. Dependents can save money on your taxes... More>>

Don't get a surprise tax bill from your IRA

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Did you know that the type of investments you hold could hand you a surprise tax bill and potentially ruin your IRA status?

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IRS2Go 101

Your smartphone is probably full of fun apps, but we have one more app to add to help you deal with a painful task: your taxes. Did you know that the IRS has a free smartphone app to help taxpayers handle basic tax-related... More>>

Preparing for your annual tax meeting

With the passage of the Tax Cuts and Jobs Ac, it makes it even more important for you to prepare for your allotted tax preparation time

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IRS Tips For Charitable Deductions

Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save on your taxes — if you do... More>>

6 Tips For When An IRS Letter Arrives In The Mail

Few things are more frightening than opening your mailbox and finding a letter from the Internal Revenue Service. You may wrack your brain wondering what you've done to receive an IRS notice. But there’s no need to... More>>

Shed Debt and Owe Tax

Can you eliminate debt by settling with a creditor to pay less than you owed and still come out on the short end? It is possible, based on potential tax liabilities. Not only that, but "any time an account is settled for... More>>

It's STILL Not Too Late to Lower Your Tax Bill

Are you a procrastinator who waits until the very last moment to file your taxes? Thanks to Emancipation Day, the filing deadline is April 18, 2017, to file your taxes for the 2016 tax year. That gives you a few more days to... More>>

Tax Penalties 101

The Internal Revenue Service has plenty of ways to penalize you for mistakes on your tax return. Some of these potential penalties are so convoluted and complex that there may well be disagreement within the IRS on when they... More>>

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