Winning an expensive prize or a large stack of cash can make your day, but don’t start celebrating just yet. You just might find that your winnings cost oodles in taxes. Here’s where winning big could cost you.
Archive for the Taxes Category
Here’s what to do if you can’t file or pay by April 15th.
Tax fraud is the third largest theft of federal funds after Medicare/Medicaid and unemployment insurance fraud — and it could happen to you more easily than you think.
While many drivers across the U.S. enjoy traffic-free, toll-free roads and relatively low gas prices, car owners in major cities wake up dreading the morning commute. Living in certain cities will make you want to ditch your personal vehicle for good.
Over 6 million Americans, not including military and government personnel, live abroad in more than 160 different countries. Americans who live outside the U.S. are not counted in the U.S. census, so this is an estimate based on limited data; however what is known is that the number of American citizens who choose to live in [...]
Thanks to tax-preparation software and online sites, doing your own income taxes is easier than ever before. You’re still the one typing those numbers into the boxes, however, and if you make a mistake entering information, it could end up costing you big time. Here are some common tax-filing errors to avoid.