Taxes

Last Minute Tax Advice

Tomorrow is Tax Day and I was on Today this morning with my last minute tips for those of you who haven’t finished filing. Check out the video below, and a written recap is after the jump.
 

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You Get What You Give

istock_000005596974smallThis morning on Today’s Tax Hotline the phones were ringing off the hook with calls from people asking Jean and the other Enrolled Agents their last-minute tax questions.  I was chatting with Jean after the segment and she said that lots of people called wondering how to figure out how much to deduct for donations they’ve made to places such as Goodwill or the Salvation Army.

While I like to get good deals at thrift stores, I also like to give back every once in a while too by making a donation. Gaining some extra closet space doesn’t hurt either…Crocs, gladiator sandals…what was I thinking? Luckily, there are resources out there to help determine how much you can deduct from your taxes after you make a donation. More…

Taxes

Answers to Your Tax Questions

April 15th is quickly approaching, and as I mentioned in yesterday’s post, we spent over three hours answering your tax questions this morning as part of Today’s tax hotline.  Here’s a video of just a few of the callers we helped today:

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The Phone Lines Are Open

Operators are standing by….  Okay, not operators, exactly, but something better: Enrolled Agents.  Last year, my longtime Today producer Patricia Luchsinger and I brainstormed the idea of a tax hotline.  A phone bank of experts ready, willing and able to answer your tax questions for free.  It went so well that we are doing it again tomorrow morning.    The phone lines open at 6:30 a.m. EST and close at 10 a.m. EST.  We’ll be answering many questions on the phones and a few live on the air. The number is 877-NBC-4-TAX or 877-622-4829.   More…

The Pepsi Tax

istock_000002797375smallFrom the latest issue of Self magazine:

Increased taxes on liquor make a night out more expensive, but that heftier tab saves lives, the American Journal of Public Health finds.  Higher alcohol taxes in Alaska cut drinking-related ailments such as oral cancer and liver disease by one third.  Cheers to that!

I agree — so why was it that New York Governor David Patterson’s idea of a soda tax went nowhere fast? More…

 

Appearances

NBC Today Show, Money 911

Wednesdays, 9am EDT

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