Summer tax tips from the IRS
By: Jess | August 13, 2009 | Category: Money
If you're anything like me you probably think about taxes once a year, when it comes time to file in the spring.
But this summer the IRS is trying to get us to think about taxes a little more often. In fact, a few times each week they are sharing all kinds of tax tips, like seven tax tips for gambling wins and losses and the five tax scams to avoid this summer.
If you and your sweetheart tied the knot recently, you might want to check out the tips for the newly married. You'll learn where to file name changes so everything matches up when you sit down to do your taxes.
Another cool topic they address is income taxes for students with summer jobs. Did you know that the extra cash you earn mowing your neighbors' lawns is considered taxable income or that there are special tax rules for people who deliver newspapers? There are a few more great tips for students with summer jobs that are worth checking out.
Since no one wants to spend the time reading the entire tax code, these tips are a quick and easy way to brush up on things you may need to know when you're filing your taxes.
Feel free to share in the comments an interesting tip you learned.
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I didn't realize you could deduct for some of the job hunting costs, such as the money spent preparing and mailing resumes and the money spent traveling to look for a job. You have to meet certain conditions (job search in current occupation, etc.), but still, any way to shave some off that tax bill helps!
http://www.irs.gov/newsroom/article/0,,id=210523,00.html
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