If you’re like millions of Americans, you wait till mid-April to file your income tax return. But are there any benefits to filing then? Or is it better to file early? We break it down for you. File Your Taxes Early Honestly, there are more pros than cons to filing your taxes before the April

Tax season is here. It’s not only a time filled with W-2s and receipts – but scams as well. You’ll want to be on your guard to protect yourself this time of year.  IRS Imposter Scams Whether it’s by phone, mail or email, IRS scammers will often try one of two approaches to get your

The end of January has come and gone, which means you should have all of your important tax documents by now. You know what that means? It’s time to gather everything to get ready to file your tax returns. Whether you file your own taxes or get them done, you’ll still need to tackle this

Snowbirds, those who reside in a northern state during summer and travel south for the winter but maintain homes in both states, need to be aware of how tax codes apply to them as they migrate. To avoid nasty surprises by over- or underpaying taxes, snowbirds need to determine which home acts as their domicile, what

Do you have an old vehicle that’s been sitting in your driveway for years collecting dirt and rust? Maybe it’s the set of wheels you used in college or a minivan from when the kids still lived at home. You could sell it, but likely wouldn’t be worth the hassle. Instead, an easy way to

If you've donated to a charity this year, the IRS wants you to know about few things - tax-exempt status, itemizing, fair market value, timing and many more.

In case the IRS ever decides to audit you, you must be ready with all the necessary documents such as W-2 forms, receipts for charitable donations, and other deductible expenses for at least six years.

Hobbies, such as woodworking, stamp collecting and scrapbooking, are often done for pleasure but can result in a profit. But if you're lucky enough to make money from your hobby, it may have tax implications. You must report income to the IRS from almost all sources, including hobbies.

With technology making it easier than ever for people to operate a business out of their house, many taxpayers may be able to take a home office deduction when filing their 2013 federal tax return next year.

Be on the lookout for email scams circulating that fraudulently use the Internal Revenue Service name or logo as a lure - all to trick you into giving up personal and financial information. The scammers can then use your information (such as your Social Security number, bank account or credit card numbers) to commit identity theft and steal your money.