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The IRS reports that 13 million taxpayers are on extension for filing their 2013 returns. If you are one of them, don’t miss the filing deadline of October 15, 2014; returns filed after this date ar...

A study in 2017 (https://www.upwork.com/press/2017/10/17/freelancing-in-america-2017/) found that an estimated 57.3 million Americans now work in the gig economy, driving for Uber or Lyft, performing ...

For many people, their home is their biggest asset. Now that the real estate market has recovered in most locations from its lows during the recession a decade ago, a proftable home sale may represent...

The worldwide pandemic—Covid-19—has changed everything…taxes included. Congress has enacted a new law (Families First Coronavirus Response Act, H.R. 6201, or “the Act”), to provide economic ...

The American Rescue Plan Act, which was signed into law on March 11, 2021, dramatically changed the child tax credit for 2021. The law made the credit fully refundable and extended it to dependents 17...

Ever wonder how the federal government spends what you pay in income taxes? Now you can get a general idea by using a calculator (www.whitehouse.gov/issues/taxes/tax-receipt) from the White House call...

As of September 2022, there were over 70 million Social Security beneficiaries, of which more than 52 million were seniors age 65 and older. Benefits for these individuals will change in 2023 and the ...

According to the U.S. Census Bureau (www.census.gov/newsroom/releases/pdf/cb10ff-14_school.pdf), 27% of the population over the age of 3 is enrolled in school. In a few short weeks, children will be r...

Seniors and others receiving Social Security benefits and Medicare health coverage have something to celebrate in the coming year. The approximately 65 million Social Security beneficiaries will recei...

A report (www.treasury.gov/tigta/auditreports/2011reports/201130005fr.pdf) by the Treasury Inspector General for Tax Administration cued the IRS in on the need to better audit owners of rental real es...