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Schedule M: The 2010 Tax Credit Explained [VIDEO]

"M" may stand for "money." Part of the 2009 stimulus package was President Barack Obama's Making Work Pay tax credit, or Schedule M, which adjusted federal withholding tables to increase take-home pay by up to $400 for working individuals and up to $800 for working married couples. As the New York Times reported last...

Opinion: Enough Already With the Temporary Tax Fixes

(Dec. 17) -- The swift passage of the $858 billion tax deal for a temporary extension of current rates hammered out by President Barack Obama and the Republican leadership is being advertised as refreshing evidence of how both sides can work together to find common ground. But what it really shows is the widening division...

Tax Complexity By the Numbers

(April 12) -- Everyone knows paying taxes is complicated business, but getting a clear measure of just how complicated it's become in recent years is a little more difficult. Thankfully, the IRS has since 1988 attempted to calculate how long it will take the average taxpayer to fill out form 1040, and it prints the...

Opinion: A Tax Rebellion Is Brewing

(March 15) -- In one month, millions of Americans will be scrambling to file their federal income tax returns. Many will once again be reminded that no other public policy so reinforces a perception of self-dealing, unfairness and incompetence as the corrupted federal income tax code. Bloated beyond decipherability at...

Do the Rich Pay Their Fair Share of Taxes?

(Feb. 3) – The Obama administration says its proposed budget would repeal Bush-era tax cuts on wealthy families and offer tax cuts to working families, as part of its effort "to restore balance to the tax code." While the tax code certainly is out of balance, it's not in the way most people probably think. Today,...

income taxes News From the Web

06/01/12 The Basics of Income Taxes Source: BB and T Corp For almost 100 years, Americans have been paying federal income taxes.
05/31/12 Columnist, Legislator Disagree On Income Taxes Source: CBS - KFSM 5News - Fort Smith AR If political columnist John Brummett had his way, the income tax on Arkansans making six-figure salaries would go up.
05/03/12 Total family tax bill: Income taxes tip of iceberg Source: The Chronicle Herald Say the word "tax" and most Canadians roll their eyes in dismay.
10/11/11 all sorts of other taxes Source: Hullabaloo As Jon Stewart details in the clip above, some in the media have fastened on a Tax Policy Center report saying that 47 percent of Americans pay no federal income tax.
06/28/11 NY Times: Who Doesn't Pay Federal Income Taxes... Source: TaxProf Who Doesn't Pay Federal Income Taxes (Legally)?