Month: April 2017

As you make plans for the 2017 tax year, take note that three popular tax breaks expired last year and won’t be available unless Congress acts to extend them. 1.  Tuition and fees deduction. You used to be able to deduct as much as $4,000 in college tuition and fees… Read More

Spring is in the air! As you’re wrapping up your tax filing for 2016, now is a natural time to either create a new budget or refresh your existing budget. Here’s how: Organize your data. Gather all your bank, credit card and income statements for the last several months to… Read More

Before the creation of the income tax, how did the U.S. government generate revenue to pay its expenses? Before the creation of the income tax, how did the U.S. government generate revenue to pay its expenses? A. Taxes – on business income B. Tariffs – on foreign imports C. Plunder… Read More