Tax
Nation’s Top 10 Places with Heaviest Income Tax Burdens
Paying too much income taxes?
When it comes to income taxes, not just how much you earn matters, your location also plays a role, a big role. So instead of trying to squeeze a few bucks from various deductions, you may want to consider relocation if you are living in one of the cities in [...]
Enrolled in EFTPS in Anticipation of Taxes
I enrolled in the Electronic Federal Tax Payment System (EFTPS) on January 25 in anticipation of some tax payment again this year. Over the weekend, the first package with personal information and instruction on how to use EFTPS arrived, followed by another envelop with a PIN that I have to use to obtain an [...]
13 Most Overlooked Tax Deductions
A Kiplinger article, “The 13 Most Overlooked Tax Deductions,” gives a list of 13 deductions that we usually forget when filling our tax returns. Among The Unlucky 13 items, I found No. 12, Reinvested dividends, is one that I never heard of. I sold some mutual funds in the past and simply used the difference [...]
TreasuryDirect 1099 Form for 2006 Available
Yesterday an email from TreasuryDirect arrived, informing me that the 1099 form for 2006 is available online.
2006 was the first year that our investments in Treasury bills were subject to federal income taxes. We have been buying I and EE bonds for several years, but they are exempted from both federal and state income [...]
No Phily Tax Refund
From 2002 to 2005, I have worked in Pennsylvania while keeping my residence in New Jersey. Before 2004, my employer had withheld NJ income tax for me and I didn’t need to pay PA income tax (if there was any PA income tax withhold, I could get it back without any problem). For [...]
