Tag Archives: standard deduction

When Are 2011 Taxes Due? And Other Answers to Your Tax Questions

When Are 2011 Taxes Due? And Other Answers to Your Tax Questions

Whether you file your taxes on your own or with the help of a tax professional, the entire process can leave you with questions. From trying to figure out the tax code changes between this year and the last to trying to make sense of the various deductions you can take, filing taxes is rarely ever straightforward.

Here are the answers to some of the most common questions regarding taxes:

1. When are 2011 taxes due?

While April 15 is the classic due date, you must have your … Read more at 2008 Taxes.

3 Important Tax Changes for 2008

3 Important Tax Changes for 2008

Three tax law changes that you should consider before filing your federal tax return for the 2008 tax season. Some tax breaks have been renewed, the standard deduction has been increased, contribution limits have risen for many retirement participants.

1. Tax Breaks Renewed

You can still take a tax break for the state and local taxes that you paid during the tax year on your federal return. If you are an educator, you can take a deduction of supplies you purchased on the front page of form 1040. And students can still take deductions … Read more at 2008 Taxes.