TaxCure Blog

Happy Presidents Day! Taxes are as old as this country. Here are what some of our U.S. Presidents, Founding Fathers, and presidential hopefuls have had to say over the years (some more profound than others)…

Do you have a stack of old tax records that you don’t know what to do with? Are you trying to decide what it is you need to keep and what you can throw out? It can certainly be a confusing and daunting task when it comes to deciding what you need to keep and what no longer needs to clutter your home. Your best bet is to hang on to your tax records until the period of limitations is up.

As you consider your tax liability this year, it’s a good idea to consider your withholding. When you decide how many exemptions to claim, and how much extra to have withheld from your paycheck, you should do so with consideration toward your needs and your financial situation.

When we think of giving to charity, we often consider our largess to have a financial benefit – it’s tax-deductible. Being able to reduce your taxable income, with the help of a charitable donation, can provide a bit of a benefit to your pocketbook, even though you have given some money away.

Your 2011 Federal and state tax returns are due on April 17, 2012. The traditional due date for income tax filings is April 15th each year, but since April 15th falls on a Sunday this year – and with a Federal holiday on April 16th – the tax filing deadline is 4/17/12.