August 2, 2012 When I read this, I couldn't believe it, U.S. Olympians get taxed on their medals. They also are taxed heavily at 35%, on their cash prize from winning a medal.
Whether you’re due a refund or you gotta pay Uncle Sam, your federal taxes will need to be postmarked by midnight Tuesday, April 17. From past experiences, I’ve learned that if people are expecting a refund they’ll get their taxes done just as soon as that W-2 arrives in the mail, but those thinking they’ll have to pay a little or a lot will wait until the deadline to file that tax return (which I don’t blame them!).
So, you think you’re ready to file your taxes, huh? Well, not so fast.
