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St. Louis Breaking News, Weather, Traffic, Sports | KSDK.com
Nation World
Taxpayers to get extension after IRS website suffers issues on Tax Day
Taxes
Lawmakers bicker over whether tax bill helps middle class
Republicans focused on findings that the bill would lower taxes across all income levels over the next several years while Democrats returned repeatedly to a section of the analysis showing taxes would actually go up beginning in 2023 for some.
Money
5 common tax return mistakes to avoid
<p>The Internal Revenue Service has plenty of ways to penalize you for mistakes on your tax return. Some of these potential penalties are so convoluted and complex that there may well be disagreement within the IRS on when they apply. However, most people accrue tax penalties for very simple mistakes. Here are some of the more common yet easily avoidable mistakes.</p>
Money
Tax implications of selling your home
<p>If you are preparing to sell your home, taxes are probably not the first thing on your mind — and they probably shouldn't be. However, when tax time does roll around, you need to understand what effects your home sale will have on your taxes.</p>
Money
Should I pay off debt with my tax refund?
<p>Are you expecting a tax refund this year, and if so, what do you plan to do with it? The annual survey by the National Retail Federation suggests that in 2017, almost two-thirds of taxpayers expect to receive a refund, and many of those taxpayers plan to use their refund responsibly by <a href="https://www.moneytips.com/taxpayers-plan-to-use-refund-to-pay-down-debt" target="_blank">paying down debt</a>.</p>
Money
4 factors to consider before paying your taxes with a credit card
<p>It is hard to beat the convenience of a credit card for purchases, but does that same convenience make it worth paying your taxes by credit card? It might, but that depends on several factors involving money and time. The major ones are listed below.</p>
Money
How to claim the retirement saver's credit
<p>Contributing to a retirement account can be difficult for lower income households, but one can argue that it is even more important for those families to take advantage of all the retirement savings options that are possible. One of the lesser-known options applies directly to lower-income families – the retirement savings tax credit. Note that this program is a tax credit and not a deduction, meaning that the amount you qualify for is subtracted directly from the taxes that you owe.</p>
Money
3 tax shelters that save you money
<p>When people think of tax shelters, they sometimes think of Swiss bank accounts, shady overseas investments, or fraudulent or questionable activities by wealthy but unscrupulous businessmen. That is an unfair characterization.</p>
Money
Itemizing vs. standard deduction: What's better?
<p>To itemize or not to itemize? That is the tax question. Whether tis' wiser to suffer the slings and arrows of standard deductions, or take advantage of a sea of deductions, and by itemizing, utilize them....</p>
Money
Top tax-saving tips for freelancers
<p>Are you tired of working for others? Being your own boss can be very rewarding both financially and spiritually, but there are challenges associated with freelance work. Taxes are one of the most difficult aspects because self-employment brings a special set of tests.</p>
Money
The smartest way to spend your tax refund
<p>For many people, tax refund day is like Christmas in the spring. As they prepare their tax returns over the next few weeks, millions of Americans will hold their breath in anticipation of how much their tax refund is going to be — and then run to the mailbox every day hoping to receive their "gift" from Uncle Sam.</p>
Money
10 most tax-friendly states
<p>Soon you will be filling out your federal tax forms, and unless you are lucky enough to live in seven states, you will be filling out state tax forms as well. Are you fortunate enough to live in one of these seven states, or are you on the other end of the spectrum, dealing with some of the highest state taxes in the nation?</p>
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