Charitable giving is a whole new ballgame for taxpayers now that most itemized deductions have been reduced or eliminated and the standard deduction has nearly doubled. This will likely prompt a lot of taxpayers to adjust their charitable giving tax plan this year.
The Wisconsin Senate voted Tuesday to give Wisconsin residents a one-weekend sales tax holiday in addition to a one-time $100-per-child tax rebate. Below is information to take advantage of the rebate and holiday.
A lot of people like to receive a refund from the IRS, thinking of it as a form of forced saving. On the other hand, if you underpay your taxes by more than $1,000 and don't meet certain exceptions, you could be hit with a penalty.