The tax is estimated to generate $800 million annually and $8 billion over its 10-year lifespan.
In a turbulent economy with constantly changing rules it’s no surprise that the bill from Uncle Sam can sneak up on some of us. Here are some tips to make sure you emerge (mostly) unscathed this April 15.
Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. But tax rule changes that applied in 2013 made them less valuable in cutting taxes for an increasing number of taxpayers.
According to the IRS, 20 to 25 percent of Americans wait until the last two weeks before the deadline to file their taxes. If tax time snuck up on you this year, here are a few tips to help you file.
Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs.
A day after senators endorsed a tax cut plan, Missouri Gov. Jay Nixon said Thursday that any discussion of tax cuts “is a nonstarter” until lawmakers first curb the amount of tax breaks going to commercial and residential developers.
The income tax cut plan could eventually waive a little less than $500 million of revenues annually, an amount about half the size as originally proposed with a later effective date.
Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in between.
What is your largest asset? It’s your ability to earn a living!
Planning on voting in your local April election? One Missouri tax watchdog group says you probably should, unless you want to see your taxes go up.