There’s usually no Inheritance Tax to pay on small gifts you make out of your normal income, such as Christmas or birthday presents. Other gifts count tow...

Fund IRA With a Credit Card The IRS only allows you to fund your IRA with cash, but there is a way around the IRA credit card issue. To get around the IRA...

In most states, manufacturing equipment is exempt from sales tax. As with all things tax, however, there are notable exceptions. As a manufacturer of good...

Taxpayers who itemize are allowed a deduction for donations to qualifying religious organizations. Often the organization uses part of the money for relig...

Taxpayers who are unable to get a copy from their employer by the end of February may call the IRS at 1-800-829-1040 for a substitute W-2. The IRS will se...

If you file your return with the wrong address, that can’t really be undone. You’ll need to contact the IRS directly to update your address (you can use t...

Subtract the total tax percentage from 100 percent to get the net percentage. In the example above, the net tax percentage is 73 percent (100-27). Divide ...

Use tax is a tax imposed on the use of taxable items and services in New York when the sales tax has not been paid. There is a distinction between sales t...

If you can show that the scam constitutes a theft under state law, then the loss becomes deductible as an ordinary loss. The loss is claimed in the year i...

You might be surprised by the answer: December 31. It’s possible to claim your newborn as a dependent as long as they were born at any time during the tax...