Tax Guide: IRS, rules, laws, changes, help, tips, filing, refund - KUAM.com-KUAM News: On Air. Online. On Demand.

  • States With the Largest Tax Bills

    Tax season can be a celebratory time for Americans who are owed a refund. But while the focus is often on those who have overpaid, it’s important to note that a significant number of people don’t pay enough. Americans who...
  • 401(K) Tax Rules: Withdrawals, Deductions & More

    If you’re building your retirement saving, 401(k) plans are a great option. These employer-sponsored plans allow you to contribute up to $19,000 in pre-tax money per year. Some employers will also match some of your...
  • 1 In 4 Fear A Tax Audit

    Nobody enjoys a tax audit, but should you fear receiving one in any given year? Generally, the answer is no. According to the 2017 IRS data book, the agency audited nearly 934,000 tax returns during the 2017 fiscal year...
  • How To Avoid Being A Tax-Scam Victim

    To paraphrase the old adage, there are only three absolutes in life: death, taxes, and the rise of scams during tax season. A major tax scam since 2013 involves phone calls by fictional IRS agents that demand immediate...
  • Tax season begins January 28

    Did you have a happy New Year? We certainly hope so. Now it's time to get back to regular routines and take care of January chores, including gathering your tax information

  • How To Identify Tax Identity Theft

    Tax filing season is upon us. Soon you will be filing your paperwork and perhaps receiving a nice check — unless thieves file a return in your name first and falsely claim your refund. Unfortunately, if a thief has your...
  • 9 Popular Tax Credits

    While many deductions were cut or modified with the Tax Cuts and Jobs Act (TCJA) of 2017, most tax credits were retained. Tax credits are more powerful than tax deductions because they directly subtract from your tax bill...
  • Top 13 Ways To Cut Your Taxes

    Are you ready to cut your tax bill as much as possible? Consider these thirteen ways to keep your contributions to Uncle Sam as low as possible. 1. Filing Status – Are you filing under the correct status? It's usually...
  • New 2019 tax laws

    Here is a reminder of changes affecting your tax returns for the 2018 tax year

  • 19 Most Popular Tax Deductions For 2019

    The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible taxpayers. Do you qualify for...
  • Ways To Avoid The SALT Tax Cap

    One of the most controversial provisions of the 2017 Tax Cuts and Jobs Act (TCJA) was the limit it placed on state and local tax (SALT) deductions. The TCJA capped the deduction on combined payments for state and local...
  • Tax Identity Theft Lower But Still A Problem

    Identity thieves have many ways to steal your money – including fraudulent tax returns. They file a return in your name as early as possible to beat your legitimate return, with fake financial data designed to claim a large...
  • 7 December Moves To Save On 2018 Taxes

    The holiday season is full of plans and activities that make December incredibly hectic. If you are the average American, tax considerations and financial adjustments are pretty low on your holiday to-do list. However, you...
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    Interactive tax assistant 101

    Looking for tax help? Check out the IRS's interactive online assistant

  • What Is My IRS Pin?

    The last few years have been difficult ones for the IRS with respect to security issues, and the agency is determined to improve security during this year's filing. Electronic filing is particularly vulnerable because of...
  • Tax Benefits of Having Dependents

    Did your kids get a taste of the real world and decide that living off Mom and Dad was not so bad after all? Cheer up… you may still be able to claim them as dependents on your taxes. Dependents can save money on your taxes...
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    Don't get a surprise tax bill from your IRA

    Did you know that the type of investments you hold could hand you a surprise tax bill and potentially ruin your IRA status?

  • IRS2Go 101

    Your smartphone is probably full of fun apps, but we have one more app to add to help you deal with a painful task: your taxes. Did you know that the IRS has a free smartphone app to help taxpayers handle basic tax-related...
  • Preparing for your annual tax meeting

    With the passage of the Tax Cuts and Jobs Ac, it makes it even more important for you to prepare for your allotted tax preparation time

  • IRS Tips For Charitable Deductions

    Charitable giving is one of the most popular (and fulfilling) ways to save on your taxes. Not only does it make you feel good to help others, but end-of-year charity donations can also help you save on your taxes — if you do...
  • 6 Tips For When An IRS Letter Arrives In The Mail

    Few things are more frightening than opening your mailbox and finding a letter from the Internal Revenue Service. You may wrack your brain wondering what you've done to receive an IRS notice. But there’s no need to...
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