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Uncle Sam owes you money because you overpaid your federal income taxes. When will you receive your tax refund? It depends on how you filed your return and how you told the IRS to send your refund. F...

Usually, money in a 401(k) plan, a pension plan, or other qualified retirement plan is designed to provide retirement income and shouldn't be touched until retiring from the job. However, in these to...

The economy in general and the housing marketing in particular may get you thinking about disposing of a second home. It may be too costly to keep, you may need the funds for other purposes, use of th...

The IRS adjusts more than five dozen items annually for inflation. Due to significant inflation over the past year, the tax brackets and many items have been increased—sometimes dramatically—for 2...

Today, with high credit card balances, mortgages exceeding the value of many homes, and other debt problems, individuals may be able to work out some arrangement with lenders. If the arrangement resu...

If you participate in a 401(k), 403(b), or 457 plan and leave your employer, you have a unique opportunity to profoundly impact your future retirement income. Instead of leaving the funds in the plan ...

The federal tax system is based on the idea of "pay as you go." You can't just wait until April 15 each year to pay the taxes you owe. The law requires you to make payments throughout the year-through...

A homeowner can gain from the sale of a primary residence up to $250,000, or $500,000 on a joint return, if he or she has owned and lived in the home for at least two of the five years preceding the ...

In today's tough economy, practically no job is safe. At any time, you can receive a pink slip and be out of work. What does this mean for you and your family? Here are the tax implications for some a...

While interest on municipal bonds is tax free for federal income tax purposes, gain or loss on the sale of the bonds must be reported. The loss is treated as a capital loss, which is deductible within...