- Where's My IRS Tax Refund
- The IRS provides up-to-date refund information that is updated every 24 hours, usually overnight. Refunds for e-filed individual tax returns are generally issued within 21 days. Up to 8 weeks for paper filed returns.
- Retroactive Extension for Portability of Deceased Spouse's Unused Estate Tax Exemption Available
- Estates of decedents who died after December 31, 2010 may elect to transfer any unused estate tax exclusion to the surviving spouse. The amount received by the surviving spouse is called the “deceased spousal unused exclusion” (DSUE) amount. Making this election can have a profound effect on the taxation of the estate of the surviving spouse.
- Maximizing Qualified Tuition Program Contributions
- Qualified Tuition Programs, commonly referred to as Section 529 plans (named after the section of the IRS Code that created them), are plans established to help families save and pay for college in a tax-advantaged way and are available to everyone, regardless of income. These state-sponsored plans allow you to gift large sums of money for a family member’s college education, while you maintain control of the funds.
- How Business Website Expenses Are Deducted
- With the explosion of online businesses, one would think that there would be a standard method of deducting the cost of your business website. But some questions still exist as to what part of a website is considered software, and to date, the IRS has not fully clarified that issue for tax purposes.
- Saver's Credit Can Help You Save for Retirement
- Low- and moderate-income workers can take steps to save for retirement and at the same time earn a special tax credit.