Tax-Rates.org – The 2013 Tax Resource

Articles on Tax-Rates.org

• How to get a six-month extension to file your income tax return

• Millions of Americans wait until the last minute to file their income taxes – and many find that they just can’t do it in time for the April 15th deadline. Luckily, the IRS cuts some slack for tax procrastinators – provided they still pay the taxes they owe on time. If you need more time [...]

• How to determine your total income tax withholding

• If you earn wage income, your employer will withhold income taxes from your paycheck on your behalf to pay your federal income tax, payroll taxes, and (in some cases) state or local income taxes. The amount of tax that is withheld depends on your income and the filing status, number of dependents, and other adjustments [...]

• Obama vs. Romey on Tax Policy

• One of the major considerations this election season is tax policy, and it’s impact on the middle class and the economy. This table shows a side-by-size comparison of some of the major tax policy items presented by each of the candidates and their proposed tax rates. Barack Obama Mitt Romney Top Marginal Tax Rate 39.6% [...]

• How to deduct business expenses on your income tax return

• Deducting business expenses is one of the single most powerful tools in any tax-preparation strategy, and is often one of the most misunderstood. In this article, we will discuss who can qualify for business expense deductions, what expenses can be deducted, and how your deductions must be recorded and reported.The information discussed in this article [...]

• Frequently Asked Questions – Income Tax

• Contents [hide] Withholding & Estimated Tax Who pays income tax? How does income tax withholding work? Do I have to pay quarterly estimated taxes? Filing Your Income Tax What tax deductions and credits can I qualify for? How can I e-file my tax return online? How can I check my tax refund status? What are [...]

• H&R Block At Home 2012 – Income Tax Software Review

• Tax law is exceedingly complicated, and as many who have attempted to wade through piles of tax paperwork on their own can attest, often exceedingly frustrating to deal with manually. For many Americans who choose to handle their tax returns themselves, completing and double-checking tax forms can turn into a nightmare. Luckily, dozens of tax [...]

• How To E-File Your Tax Return

• As paper tax forms are slowly phased out by both the IRS and state revenue departments, taxpayers have been offered more and more incentives to handle their taxes online – including immediate receipt confirmation, automatic error checking, and faster tax refunds. Experts believe that by the end of the next decade, virtually all federal income [...]

• TurboTax 2012 Income Tax Software Review

• Tax law is exceedingly complicated, and as many who have attempted to wade through piles of tax paperwork on their own can attest, often exceedingly frustrating to deal with manually. For many Americans who choose to handle their tax returns themselves, completing and double-checking tax forms can turn into a nightmare. Luckily, dozens of tax [...]

• How To Pay Estimated Income Taxes

• While you reconcile your income tax every year on April 15th with the IRS and your state Department of Revenue, most employees actually pay income taxes year-round through tax withholding deducted from each month’s paycheck For the majority of American taxpayers, the amount of money withheld from their paychecks over the course of the year [...]

• How To Request Your Federal Income Tax Refund

• For many Americans, tax season can bring about a windfall in the form of a Federal income tax refund check. You will receive a refund check if and only if you paid more then your total tax debt over the course of the year through tax witholding. This article will teach you how to calculate [...]

• What is the 2012 Social Security Tax Rate?

• In addition to the federal income tax, all taxpayers who earn wages also pay the social security tax. The social security tax, which makes up the majority of the FICA payroll tax automatically deducted from your paycheck every month, is a mandatory contribution to the Social Security Fund that provides monthly checks for retired taxpayers. [...]

• How to get a copy of your income tax return

• If you need a copy of your federal income tax return for any reason, you can request one for free from the Internal Revenue Service. The IRS Order A Transcript service can provide you with two types of basic tax transcripts: Tax Return Transcript – Your Tax Return Transcript includes can copies of your 1040 [...]

• List of states with no income tax or sales tax

• There are a total of nine states with no or limited income taxes, and five states with no statewide sales tax. Of these, there are only two states that have both no state income tax and no sales tax: Alaska – Alaska has no statewide income tax, and no statewide sales tax – but local [...]

• List of states with no income tax

• A total of seven states have no state income tax, and two states tax only interest and dividend income. Forty-one states and the District of Columbia collect a general state income tax. Here’s a list of the seven states with no personal income tax as of 2012: Alaska Florida Nevada South Dakota Texas Washington Wyoming [...]

• Which states have no statewide sales tax?

• While forty-five states and the District of Columbia do collect a statewide sales tax, there are a total of five states that do not collect a any statewide sales tax – Alaska, Delaware, Montana, New Hampshire, and Oregon. many of these “tax-free” states, however, do impose similar taxes on certain purchases or allow local governments [...]

• How to calculate your federal income tax refund

• For many Americans, tax season can bring about a windfall in the form of a Federal income tax refund check. You will receive a refund check if and only if you paid more then your total tax debt over the course of the year through tax witholding. This article will teach you how to calculate [...]

• Where do my federal tax dollars go?

• The White House began offering the “Federal Taxpayer Receipt” as part of a government-transparency effort spearheaded by President Obama in 2011. Enter your 2012 tax payments, and the calculator will show you how your tax dollars are spent by the federal government. The largest areas of spending are defense and military, followed closely by healthcare, [...]

• Introduction to marginal income tax brackets

• One of the most common misunderstandings encountered when dealing with income taxes is the concept of marginal tax brackets, and how they are used to calculate your income tax. Marginal tax brackets are a progressive tax bracket system, which means that the effective tax rate increases as taxable income increases. Marginal tax brackets are used [...]

• Sales tax refunds in the United States

• If you are a foreign national visiting the United States as a tourist or a foreign company looking to purchase goods or supplies in the United States, you may be able to get a full refund of the sales tax you pay on qualifying purchases. Note that unlike countries with a VAT that offer VAT [...]