Reuters Money

State tax increases: More are on the way

April 4, 2011

A man holds a sign at a tax day rally by Tea Party activists in the New York City suburb of New City, New York, April 15, 2010.  REUTERS/Mike Segar  More taxes are coming, more taxes are coming! During the American Revolution, we could have substituted “more taxes” with “the British.”

Taxes: 7 tips for last-minute filers

April 1, 2011

Yvonne Caurion of New York City prepares her U.S. 1040A Individual Income Tax form at a U.S. Post office in New York, April 15, 2010.  REUTERS/Mike SegarNearly one-third of Americans will file their taxes in the two weeks leading up to this year’s April 18 deadline. Are you one of the last-minute filers? Here are some tips from Bob Scharin, senior tax analyst at Thomson Reuters, to help make this year’s personal tax return preparation more manageable and avoid mistakes.

Day trading is a waste of money, says tax court

April 1, 2011

A trader works on the floor at the New York Stock Exchange, March 10, 2011.  REUTERS/Brendan McDermidStill day trading? You might as well roll your dollars into a fat cigar and smoke them. That’s not a comment on your investment prowess, it’s the official position of the U.S. Tax Court.

Tax obsessed? There’s an app for that

March 31, 2011

The first buyer of the new 3G iPhone in Hong Kong shows off his phone in this July 11, 2008 file photo. REUTERS/Bobby Yip/FilesAre you so into tax season that you hate to be away from your tax forms? Maybe you’ve got questions about your return that you’d like to be answering while you’re on your way to work, or out at dinner with your friends.

Linkapalooza! The 21 best websites for tax help

March 25, 2011

A tax form is pictured on tax deadline day at the main Post Office in New York April 15, 2009.  REUTERS/Chip East  It’s tax season. Of course, you’ve got questions. And not just “why do I have to fill out these annoying forms in the middle of spring?” If you’re doing your taxes, you’re probably wondering about all kinds of things, like (1) was there a stimulus credit in 2010? and (2) Can I deduct the points on my last refinance? and (3) Where did I put that receipt for all the books I donated? and (4) Why isn’t my accountant answering the phone at 2 a.m.?

Is it time to buy single-state muni funds?

March 24, 2011

Joe Baxter REUTERS/Handout“Tax-free income!”

Can there be a more delicious phrase in the world of finance?

Sure. How about “Double-tax-free income?”

That’s the claim that can be made by about 360 single-state municipal bond mutual funds.

Taxes: When it pays to procrastinate

March 21, 2011

Yvonne Caurion of New York City prepares her U.S. 1040A Individual Income Tax form at a U.S. Post office in New York, April 15, 2010. REUTERS/Mike Segar Yes, tax returns are due in less than a month. But who’s got the time to deal with that?

Cut your tax bill now with five big deductions

March 21, 2011

Sheila Bradley speaks with a client regarding 2010 taxes in Tax Tyme Connection's office, New Smyrna Beach, Florida, February 15, 2011.  REUTERS/Jill KitchenerThis defies the conventional wisdom, but some tax preparation is easy and actually makes sense — if anything can in the murky U.S. tax code.

What if you can’t pay your taxes?

March 16, 2011

A person fills out tax forms in this file photo. REUTERS/Jill KitchenerGetting to the end of your 1040 form and finding a balance due isn’t fun, though at least you can pat yourself on the back for not having made a free loan to the U.S. Treasury. But knowing that you don’t have the money to pay that bill can make you really miserable.

7 safe ways to donate to Japan

March 15, 2011

Residents buy food at a temporarily opened supermarket in Sendai, northeastern Japan March 14, 2011.   REUTERS/Jo Yong-Hak The simplest way to help when disaster strikes is to open up you wallet — or even to send a text message. After the Haiti earthquake, for example, the American Red Cross received $32 million in text donations.