Tax News

The IRS is stepping up its audit game. It's focusing on returns of the wealthy and the self-employed, where it hopes to find larger amounts of hidden cash. And, according to some reports, it is trolling websites like Google maps and Facebook in an effort to find tax cheats.  ...Read More

Did you know you can legally take a deduction that is more than the total of your receipts? It's called the standard deduction and for a lot of taxpayers it's a money and time saver. (Warning, this article is correct, but check how your state tax is affected. Some states have such low standard deduction amounts that you will still be ahead by itemizing)  ...Read More