Home Buyer Tax Credits Are Working??!!
November 12, 2009
The first time home buyer tax credits in 2009 didn’t really interest us that much since we’ve owned our home for just under ten years now. However, the latest version of the bill now includes a tax credit through 2010 for homeowners who have lived in the same place for five of the last eight years consecutively.
This new home [...]
Year End Tax Tips 2009
November 10, 2009
Year end tax deductions are a good way to squeeze some extra tax savings into your budgeting and tax planning efforts. It’s been a crazy year for the economy and as a result the government created all sorts of tax incentives and tax credits that can potentially help reduce your 2009 taxes. Here are some [...]
Federal Income Tax Withholding Too Low This Year?
September 22, 2009
Federal income tax withholding tables were adjusted earlier in 2009 due to the “Making Work Pay” tax credit as part of the economic stimulus package. The reduction of federal income tax withholding was intended to provide a gradual financial benefit to the economy by putting a little more money in your paycheck each month.
Federal Income Tax [...]
Taxes Are A Necessary Evil In Life
April 15, 2009
Thanks to Grant Baldwin for this guest post. The author of Reality Check, a book about helping students transition into the real world, Grant is launching a new website, BrokePiggy.com, that answers questions from teenagers about personal finance, savings, and all things money.
The only thing I miss about earning an income as a teenager was that [...]
Tax Deductions – Last Minute Tax Saving Tips
April 11, 2009
Tax returns are due on April 15th, many people have already filed their taxes but millions of others will be shuffling tax forms, digging out receipts, and searching for last minute tax deductions this weekend.
A recent CBS article lists some ways you can still reduce your taxes due before tax day such as deducting any [...]
Filing for a Tax Extension is Easy
April 8, 2009
If you need to file a tax extension, you can fill out form 4868 from the IRS website to apply for a 6 month extension on filing your taxes. Remember, the extension allows you more time to file your tax return but it doesn’t extend the date that your taxes are due.
You still need [...]
TradeKing Taxes and Trading Report
March 31, 2009
TradeKing has released the latest edition of their “Intelligence Report” series, this one is called “Taxes and Trading”. It caught my eye since just yesterday I just published our Investor’s Tax Guide.
TradeKing Taxes & Trading
Of course I was curious and downloaded the TradeKing report to see how it compared to the information in our investing tax [...]
Investor’s Tax Guide 2009
March 30, 2009
Tax season has probably never meant more to taxpayers than it does this year. As we prepare our 2008 tax returns the government is spending billions of dollars of our tax money in an effort to unfreeze credit markets and stimulate the economy.
Stock Market Losses
At the same time, many of us saw the value of [...]
What Taxes Do You Owe on Your Investments?
March 27, 2009
Tax day is quickly approaching and so is the IRA contribution deadline, April 15th. If you haven’t funded your IRA or Roth IRA for last year, time is growing short. Vanguard is always a good option with lots of funds to choose from and Etrade is offering 100 free trades if you open a new [...]
Alternative Minimum Tax and Federal Income Tax Withholding Changes
March 20, 2009
How are we supposed to keep up with all the tax code changes? That’s a question a reader emailed in after reading about the First Time Home Buyer Credit and other tax deduction changes we covered the last two days.
It’s certainly not an easy task, which is why a whole army of tax prep software, [...]
