It is tax season once again, and it is time to fill out your tax form again. Every year, towards the end of January, most of us who are employees or professionals begin to get our tax information returns in the mail, called the Form W-2 or Wage and Tax Statement indicating our taxable income … Read more
A lot of the daily transactions and activities of modern society are now being accomplished on the Internet, so it is not surprising that filing tax returns can now also be done online with Free File from the IRS. Since 2003, the Internal Revenue Service has partnered with some of the leading tax preparation software … Read more
Most of us expect a pretty decent tax refund every year. It’s a nice incentive to look forward to after working hard the whole year and staying productive! The size of the tax refund you receive depends on a number of factors including: Income Dependents Tax exemption statuses and the amount you withhold from your earnings … Read more
You’ve spent years saving up your down payment, checked out the calculator at moneysupermarket, found a real estate agent and are in the process of buying a home. While you may think the monthly mortgage payment including closing costs, fees and homeowners insurance are all it takes to get you the house of your dreams, … Read more
If you like what you read, then subscribe to our feed! I know that I’m cutting it a bit close to the end of tax season, but many people don’t pay extra on their mortgage for tax purposes. To be honest, for a larger majority of people, deducting the mortgage interest really doesn’t matter very … Read more
This article is written with politics aside. It is a simple informational article based on recent legislation being written into law. As of Friday, December 17, Americans now have the opportunity to continue earning tax-free passive income. President Barack Obama signed into law an extension of the Bush Era Tax Cuts which allows citizens to … Read more
Some people dislike things because they just aren’t cool any longer. Remember the walk-man cassette players, then the portable CD players, and now the mp3 players? What about the cellular phones in a briefcase, then flip phones, and now mini computers that you sometimes talk into? Have dividends become so unattractive in today’s shorts, calls, … Read more
In the world of retirement investing, there is one term you should get extremely familiar with: Roth. This is especially important if you are a young person. Right now, we will focus on Roth IRAs and the less common Roth 401K. Essentially, Roth accounts are funded by after-tax money rather than pre-tax, but we will … Read more