Whether you're new to filing your own Massachusetts taxes or a seasoned professional looking for ways to increase personal tax savings, understanding what income the IRS doesn't tax can be very helpful. This can help you keep more cash in your wallet and be more...
Dealing with delinquent tax debt may be one of the most stressful financial challenges a Massachusetts resident can encounter. After all, between the mounting penalties, the Internal Revenue Service (IRS) notices and the aggressive collection actions, the...
When tax debt starts piling up, it can cause significant issues with your finances, especially as the penalties and fees start to accrue. Despite the high cost of delinquent tax debt, millions of Massachusetts residents owe back taxes to the Internal Revenue Service...
Taking care of your Massachusetts pet might feel like a full-time job, now the IRS is allowing citizens to reap the benefits of said ‘parenthood’ Even though pet parenting might feel like a full-time job, you can’t claim pets as dependents on taxes — but you might be...
There are lots of things Uncle Sam can't touch — so long as you play by the rules. Just because you’ve stopped working doesn’t mean you’re done paying taxes. Much of the income you receive in retirement, even if it’s not directly from employment, can still be taxed....
Taking care of a Massachusetts pet might feel like a full-time job, now the IRS is allowing citizens to reap the benefits of said ‘parenthood’ Even though pet parenting might feel like a full-time job, you can’t claim pets as dependents on taxes — but you might be...
The Educator Expense Deduction lets eligible teachers and administrators deduct part of the cost of technology, supplies and training from their taxes. They can claim this deduction only for expenses that weren't reimbursed by their employer, a grant or other sources....
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a...
While summer is a time for fun, it’s never the wrong time to thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how Massachusetts taxpayers should consider them for filing season. Marriage...
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer's marital status as of December 31 determines their tax filing options for the entire year, but that's not all newlyweds need to know. Report a name...