The first $2,400 of unemployment benefits received in 2009 are tax free for most taxpayers.  If you figure that most folks are in the 10 or 15% bracket, this represents a savings of up to $360.

The cash for clunkers program will officially start in late July after the government issues its regulations.  If you trade in a car with an EPA rating of 18 miles per gallon or less, you will receive a $3,500 credit from the dealer to buy or lease a car rated at 22 mpg or more.  [...]

Okay - I’ll admit it, this has nothing to do with taxes, but it is worrying me.  By way of a disclaimer, I have a number of friends who work in the newspaper industry, so I may be a bit biased.  Here’s the problem as I see it.  One of the hallmarks of democracy in [...]

I recently returned from a retreat with a number of businesses  similar to myself (www.wiseowlstax.com).  One of the main points of interest was the on-going attempts by the IRS to drive taxpayers to the IRS website.  Aside from the self-serving interest of feeding my family by charging folks to have their taxes prepared, I’m a [...]