The Internal Revenue Service recently announced upcoming income tax adjustments. These adjustments are being made as a result of inflation. Your tax bill just might be a bit lower in 2011 as some personal and standard deductions will be higher. Changes will also be taking place in the current tax brackets,...

Few people really intend to skip paying their annual income taxes. Personal circumstances, whether chosen or unexpected, may have compelled someone to not file a tax return.  To put this in context, let's consider the following: What if you didn't file on 2009 taxes or an earlier year's taxes?...

President Obama introduced the Making Work Pay Tax Credit in an attempt to reduce the tax burden on middle class Americans, but this tax credit is scheduled to expire at the end of 2010, attempts were made to extend but it only applies to 2010 income now. Although this tax credit essentially ...

While e-filing income taxes was once considered something only a small percentage of the general population would consider, it is now becoming the normal method of filing taxes. For 2009 income tax returns filed at the start of 2010, almost 99 million people filed their federal income tax returns electronically....