Bartering Income: The Value of Property or Services You Receive
Bartering is the trading of one product or service for another. Often there is no exchange of cash. Some businesses barter to get products or services they need. For example,…
Read moreStill Time to Make Your IRA Contribution for the 2014 Tax Year
Did you contribute to an Individual Retirement Arrangement last year? Are you thinking about contributing to your IRA now? If so, you may have questions about IRAs and your taxes.…
Read moreSeven Tips to Help You Determine if Your Gift is Taxable
If you gave money or property to someone as a gift, you may wonder about the federal gift tax. Many gifts are not subject to the gift tax. Here are…
Read moreFive Tips You Should Know about Employee Business Expenses
If you paid for work-related expenses out of your own pocket, you may be able to deduct those costs. In most cases, you claim allowable expenses on Schedule A, Itemized…
Read moreThe Premium Tax Credit – The Basics
If you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the premium tax credit. Here are some basic facts about the premium tax…
Read moreTop Eight Tax Tips about Deducting Charitable Contributions
When you give a gift to charity that helps the lives of others in need. It may also help you at tax time. You may be able to claim the…
Read moreFive Key Points about Children with Investment Income
Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five key…
Read moreAre You Self Employed? Check Out These IRS Tax Tips
Many people who carry on a trade or business are self-employed. Sole proprietors and independent contractors are two examples of self-employment. If this applies to you, there are a few…
Read moreReduce Your Taxes with the Child and Dependent Care Tax Credit
The Child and Dependent Care Tax Credit can reduce the taxes you pay. If you paid someone to care for a person in your household last year while you worked…
Read moreIt’s the IRS calling…or is it?
Here at the FTC, we think about scams all day long. What are the scammers’ new angles? How can we keep ahead of them? We hear from people about the…
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