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New ‘Tax And Tag’ Together Program Begins Sept. 1

RALEIGH, N.C. (AP) — North Carolina motorists are going to have to pay their vehicle property tax and registration bill at the same time if they want to get their tags. The new combined tax and tag law...

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Governor Spending $230,000 On Mansion Bathrooms

RALEIGH, N.C. (AP) — Gov. Pat McCrory plans to spend up to $230,000 in taxpayer funds remodeling bathrooms in his private living quarters at North Carolina’s Executive Mansion even as he demands...

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New NC Tax Changes In 2014

RALEIGH, N.C. (AP) — Significant changes made to the tax laws approved this summer and taking effect starting Jan. 1, unless otherwise noted: INDIVIDUAL INCOME TAX: — Eliminates the current...

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Bill Allows Gay Couples To File Joint Tax Returns

COLUMBIA, S.C. (AP) — The top Democrat in the South Carolina House says same-sex couples who are legally married in other states should be able to jointly file their state income taxes. A bill filed...

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Tax Tips For Retirees

Retirement brings plenty of changes, and with those come changes to your tax situation. Here’s a rundown on the top five things you need to know when it comes to paying taxes in retirement. Remember...

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5 Tax-Deductible Items You May Have Missed

Who doesn’t want to save a little (or a lot of) extra money at tax time? Claiming all the deductions for which you are eligible can significantly reduce your tax bill. The problem is, it’s hard to...

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5 Tips For Doing Your Own Taxes

Tax laws can be complicated, which is why many people hire an accountant or tax professional. At the same time, tax professionals can be pricey, and tax season gives you a chance to get a closer look...

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Best E-Filing Programs For Tax Returns

Doing your taxes often feels like a daunting task, but it doesn’t have to be. E-filing not only streamlines the process, but it also means getting your refund faster. While e-filing may be easiest for...

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Should You E-File Or See A Tax Specialist For Your Returns?

Does the thought of tax time send shivers down your spine? Like it or not, your taxes have to be filed. The question that remains is, how will you get them done? Unless you’re the pen-and-paper type,...

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Newlywed? Whether To File Separately Or Jointly

You probably weren’t thinking about your tax burden when you said “I do,” but marriage does impact upon a couple’s income tax requirements, sometimes positively and sometimes not. Newlyweds are often...

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Five Tips for Getting the Most From Your 401(k) Plan

Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. And there’s simply no better way to save than the 401(k) plan at work. It’s automatic and...

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Tax Advice: Common Small Business Tax Filing Mistakes

It’s easy to make a mistake, but saying your sorry is rarely enough to satisfy the IRS. Small businesses can innocently make tax mistakes that wind up racking up steep penalties, able to bruise or even...

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The “Dirty Dozen” Tax Scams Of 2014

(CBS MoneyWatch) The IRS has a warning for Americans — watch out for tax scams.  Every year the agency releases a “Dirty Dozen” list of the worst tax scams out there. This year, identity theft and...

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Disappearing Deductions Cost Taxpayers

(CBS MoneyWatch) Changes to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills....

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A Simplified Tax Option For Home Offices

(CBS MoneyWatch) This tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a...

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What’s On Your Tax Return?

BOSTON (CBS) – Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ. Do your taxes both...

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Should You Itemize Your Taxes This Year?

BOSTON (CBS) - Should you take the time to fill out the long 1040? It really depends.  To find out whether you should itemize you will need to do some homework. About a third of taxpayers use the long...

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Buyer’s Guide: What To Look For In A New Digital Camera

The sheer amount of digital cameras available on the market can be overwhelming. From the camera’s zoom capabilities to video options, there are so many different bells and whistles from which to...

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Advice For Successfully Getting A Small Business Loan

Even during challenging times, a small business with a sound strategy can obtain a loan. If you’re looking to start or expand your business, here are strategies that may help you acquire the financing...

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Tax Education Credits And Deductions

BOSTON (CBS) – College is very expensive. Congress and the IRS have given us ways to offset education costs. 1. The American Opportunity Credit:  This credit can help parents and students pay part of...

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