101.5 KNUE Country Radio » taxes

Olympians Pay Heavy Taxes On Medals, Bonuses and Sponsorships

Amy Austin — Thu, 02 Aug 2012 15:05:50 +0000

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. According to CNN, a gold medal, which is worth $650, could cost athletes about $236 in taxes. While a bronze metal, which is worth $5, [...]

What East Texas Post Offices Are Open Late for Tax Day?

Lucky Larry — Fri, 13 Apr 2012 16:00:00 +0000

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!).

10 Things You Definitely Should Not Do on Your Taxes

Maura Chwastyk — Wed, 04 Apr 2012 11:26:56 +0000

So, you think you’re ready to file your taxes, huh? Well, not so fast. Preparing your yearly return is no simple chore, but, luckily there are some tips you can use to make the process a whole lot easier: File Late (or not at all) The failure to file fine is generally greater than the [...]