Filing your taxes for free

Tax time is agonizing for many as they try to navigate the maze of rules and forms that is the Internal Revenue Service. Computer programs have made it much easier to calculate your taxes for cheap. Before you pickup a program at the store or consider hiring a CPA or tax professional, check to see…

Free tax preparation

Filing your taxes doesn’t have to cost a fortune. Many filers can do it for free through the IRS Free File program. The government teams up with software providers to give you access to the online programs that make filing easy without breaking the bank. The Free File program is available to anyone whose adjusted…

Adoptive parents still waiting for tax refunds

Tax season ended months ago, but some adoptive parents are still waiting for their tax refund. Adoptive parents can apply for up to $13,170 in a refundable credit if they meet qualifications. The adoption credit is the largest refundable credit, and joins a long list of credits like the first time homebuyer credit and child…

Airlines won’t refund federal taxes

In the midst of the rollercoaster ride on Wall Street, Congress made a major decision about those federal aviation taxes. It received little fanfare given the other problems facing the nation, and now consumers are confused wondering if they’ll get a refund for those aviation taxes. Last Friday, Congress reinstated the federal aviation taxes retroactively.…

IRS offers guidance on airline refunds

The IRS is finally announcing guidelines for tax refunds related to the expiration of federal excise taxes on airline tickets. This comes just days after JetBlue announced a plan to offer refunds. The IRS is asking the airlines to issue the refunds since they have all the details on the passenger’s itinerary, fees paid, and…