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Expecting Tax Refund? Check Status Online

Everybody eagerly waits for their refunds to reach them. Now, you no longer need to wait in the dark. The IRS has improved Where’s My Refund? an online tool where you can check the status of your refund. You can now check when your tax return reached the IRS, when your refund was approved and…

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IRS Improves ‘Where’s My Refund?’

 At last, there is some good news regarding taxes. The IRS has introduced new features toWhere’s My Refund? Now, taxpayers can check when their tax return is received by the IRS, when their refund is approved and when it will be sent to them. This year too, taxpayers can expect to receive their tax refunds…

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Now Check Your Tax Refund Status Online

If you are expecting a tax refund in 2013, the IRS has good news for you. First, your tax refund will probably reach you in less than 21 days. Second, you will be able to check the status of your tax refund online through Where’s My Refund?The IRS announced that it issued more than 9…

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On Top of the Fiscal Cliff

 Today is January 2, 2013.  Until now, the Obama administration and Congress have failed to come up with a fix for raised taxes that economists warned can lead to the fiscal fall. With the start of the New Year, there are now key tax increases and spending cuts expiring that will affect almost all American…

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Fiscal Fall: How Bad It Can Be

The country is facing a fiscal cliff because many of the tax cuts initiated in the Bush administration are now coming to an end. There will be key tax increases, and expiring of spending cuts and other tax cuts after 31st Dec, 2012. From 1st Jan, 2013, American taxpayers will be paying more in taxes…

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Individual & Corporate Tax Breaks That Expired in 2011

There has been much talk about the expiring of many tax breaks in 2012 because the country is facing a fiscal cliff. But this phenomenon of expiring of tax breaks is not unique to this year. Last year too, many individual and corporate tax breaks expired.Relief from the alternative minimum tax that cost $132 billion…

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Tax Breaks That Expired This Year

December is the month of looking back at the year, but with the country looking straight ahead at the fiscal cliff, everybody is talking about the coming year. The new year will see the end of many tax breaks, but that is nothing new. The beginning of 2012 also saw the end of many tax…

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Investment Tax to Hit the Wealthy

The end of the year will be marked by talk of increase in taxes. The economy is slowly recovering, and to help it get back to its feet, the government is looking to get money from wherever it can.Although increase in income tax for the rich has not seen the green signal yet, there are…

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The Year Will End with the Ending of Many Tax Breaks

The many tax breaks that American taxpayers had been enjoying for some years now are soon to expire. One of the major tax breaks that will end with 2012 is sales tax deduction, i.e. if it is not renewed. With the economy in trouble, there is little likelihood of the expiring tax breaks to be…

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Expiring Sales Tax Deduction Makes Shoppers Unhappy

As the new year is approaching, American taxpayers’ worries about the expiry of many tax deductions that they had been enjoying till now is increasing. Shoppers are unhappy that the federal deduction for state and local sales taxes will no longer be there come January. That will mean that after 31st December, 2012, you will…

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