Covered California enrollees who underestimated their income when signing up for California’s implementation of the Affordable Care Act may be hit with sticker shock when tax season rolls around.
The Franchise Tax Board (FTB) announced it is holding more than $20 million in returned state income tax refunds. This year nearly 47,500 refunds, ranging from $1 to $50,000, were returned by the US Postal Service. Taxpayers who moved after they filed their returns and failed to update their addresses are the main reason refunds are returned.
With only a few weeks left in the legislative session, lawmakers are negotiating the extension and expansion of a Hollywood tax credit designed to keep film and television production in California.
Bill tried to address the growing wealth gap by tying CEO pay to California’s corporate tax rate.
In a turbulent economy with constantly changing rules it’s no surprise that the bill from Uncle Sam can sneak up on some of us. Here are some tips to make sure you emerge (mostly) unscathed this April 15.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
According to the IRS, 20 to 25 percent of Americans wait until the last two weeks before the deadline to file their taxes. If tax time snuck up on you this year, here are a few tips to help you file.
Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.
Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in between.
What is your largest asset? It’s your ability to earn a living!
What may trigger an audit from your tax filing?
College can be is very expensive, luckily Congress and the IRS have given us ways to offset education costs.