IRS says Mass. tax rebate does not need to be counted as taxable income
Millions of taxpayers in the state had been told to hold off on filing their taxes.
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Millions of taxpayers in the state had been told to hold off on filing their taxes.
The IRS is trying to determine whether tax rebates, issued in Massachusetts and many other states last year, count as income.
WBZ TV's Kate Merrill reports.
Government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
WBZ TV's Liam Martin reports.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
An ESA is another savings program for educational expenses which can be set up for kids under 18 years of age. The annual contribution limit is $2,000 per child.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
The I-Team has learned Massachusetts is one of the areas of greatest concern. We've been told gangs based in the Lawrence area with links to the Dominican Republic are very active in this area.
When ESA's were created they were named Educational IRAs and limited to a $500 contribution. With a name change they became the Coverdell Education Savings Accounts.
Must I provide a Social Security number to any business or government agency that asks?
These were the Educational IRAs that had a name that made no sense.
