The Tax Preparation Blog

Posts Tagged ‘income tax deadline’

Question: If you walk into a room of 100 people, are you aware that 47 of them will pay NO federal income taxes?

“Rob thy Neighbor” – new democrat mantra?

WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1

Answer: This is why I like you Idea of the National Sales Tax. At least the Food stampers and the
Social program blood suckers will kick in a little bit. Not much mind you, How much can
you get on pack of oreos and bottle of Pepsi. But at least its better than what they are doing
now.

New Jersey Millionaire Tax Passage Likely; Christie Veto Looms

New Jersey Democratic lawmakers are likely to approve an income-tax increase today for residents earning at least $1 million annually to help close a record budget gap in the second-wealthiest U.S. state. Governor Chris Christie has said he’ll veto the measure.

NBR | Tax Tip #9 Tax Year 2009 – Deadlines and Withholdings | PBS

Unclaimed tax refund deadline nears

Unclaimed refunds totaling more than $1.3 billion are awaiting nearly 1.4 million people who did not file a federal income tax return for 2006, the Internal Revenue Service announced this week.

2008 Economic Stimulus KETV 7

Question: Is it too late to donate to charity for my 2009 taxes?

I know certain things the deadline is April 15th or extension (Oct 15th) for personal income taxes..

However can I still donate bags to goodwill/salvation on say March 28th and then be able to claim them for my 2009 year taxes?

I know charity rules has changed recently so please make sure your answer is current with today’s laws, thanks!

Answer: No. Except for cash donations to Haiti relief which can be deducted for 2009 even if made 1/12/10-2/28/10, charitable donations have to have been made by 12/31/09 to qualify for deduction on 2009 taxes.

Tax fix for short sales goes to Assembly

SACRAMENTO — After Coletta Makiling lost her job last year, it was clear that she and her husband needed to also shed their monthly mortgage payment. Their lender agreed to allow a short sale of their Ventura condominium.On New Year’s Eve, the condo sold for $219,000, and the Makilings were freed from a mortgage on which they still owed $352,000.But when the Makilings, who now live in Oak View …

1/25/10: White House Press Briefing