The Traderszone Network

Tax season is in full swing, and many Americans are scrambling to maximize their tax deductions. Here are some ways you can make sure you get your biggest tax deduction, such as choosing the ideal filing status, deciding if itemizing is a smart idea, and taking advantage of the deductions you can take whether you itemize or not.

There are four main filing statuses taxpayers can choose from:

Image source: Getty Images.

read more

Once you’re retired and no longer earning wages, it’d be nice if taxes were also a thing of the past. Unfortunately, you may not be able to leave your tax bill behind along with your job. In fact, one Social Security administration study predicted that an average of 56% of beneficiary families would pay taxes on their Social Security benefits between 2015 and 2050.

read more

Here are some highlights from the alternative investment community’s latest summit.

Lobbying by Intuit, H&R Block and others keeps the IRS from sending out prefilled tax returns that taxpayers can review, correct, sign and send back.

A recent study indicates that access to Social Security benefits leads to a significant decrease in suicide rates.

Two MIT researchers came up with a novel bitcoin-based IoT security product that mimics botnets.

Source

Health care legislation never made it to a vote Friday, but surprisingly, the stock market didn’t react much, and could open next week focused on possible tax reform and key data.