Comments on: Open a Separate Bank Account for Your Tax Payment or Refund http://moneysmartlife.com/open-a-separate-bank-account-for-your-tax-payment-or-refund/ Money Tips for a Better Life Fri, 25 May 2012 08:24:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Weekend Linkage - April 13, 2008 http://moneysmartlife.com/open-a-separate-bank-account-for-your-tax-payment-or-refund/comment-page-1/#comment-80053 Weekend Linkage - April 13, 2008 Sun, 13 Apr 2008 19:00:14 +0000 http://moneysmartlife.com/?p=801#comment-80053 [...] Open a Separate Bank Account for Your Tax Payment or Refund Money Smart Life presented an interesting idea on how to manage your tax due. [...] [...] Open a Separate Bank Account for Your Tax Payment or Refund Money Smart Life presented an interesting idea on how to manage your tax due. [...]

]]> By: Ben http://moneysmartlife.com/open-a-separate-bank-account-for-your-tax-payment-or-refund/comment-page-1/#comment-79911 Ben Sat, 12 Apr 2008 18:44:05 +0000 http://moneysmartlife.com/?p=801#comment-79911 NH Mom, setting up separate accounts can be really helpful for organization. I know some banks, like ING, will let you manage your own escrow for your home loan. You might even think about having one account for income tax and a different one for property tax. NH Mom, setting up separate accounts can be really helpful for organization. I know some banks, like ING, will let you manage your own escrow for your home loan.

You might even think about having one account for income tax and a different one for property tax.

]]> By: NH Mom of 3 http://moneysmartlife.com/open-a-separate-bank-account-for-your-tax-payment-or-refund/comment-page-1/#comment-79889 NH Mom of 3 Sat, 12 Apr 2008 15:01:46 +0000 http://moneysmartlife.com/?p=801#comment-79889 We were thinking of doing a variation of this, setting up our own "escrow" account for our property tax savings (monthly) and payments (2 times per yr) as a dedicated account. Perhaps calling this the "taxes" account and including income taxes would be a good idea. We are set to close on the new home on May 1st (we are renting currently) so there is still time to set up the Tax Account. Our lender does not require us to pay property taxes in escrow with them as we are putting 20% down. We were thinking of doing a variation of this, setting up our own “escrow” account for our property tax savings (monthly) and payments (2 times per yr) as a dedicated account. Perhaps calling this the “taxes” account and including income taxes would be a good idea. We are set to close on the new home on May 1st (we are renting currently) so there is still time to set up the Tax Account. Our lender does not require us to pay property taxes in escrow with them as we are putting 20% down.

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