Articles Tagged:

Taxes 101

Traditional IRA vs. Roth IRA: What’s The Difference? Which One Should I Choose?

Trying to between a Traditional IRA vs Roth IRA as a means of saving money for retirement? Here's a list of the differences between Roth vs Traditional IRA, plus reasons to choose one over the other.

Which Tax Papers To Keep + Tips For Organizing 7 Years Of Support Documentation For Your Taxes

Each year around tax time, I go through our personal receipts, bank statements, household utilities & medical bills/receipts to stay organized. Time-saving tips I use

Last-Minute Income Tax Tips For Individuals, Families & Small Businesses

The key to lowering your tax liability is to reduce your adjusted income to its lowest possible amount. Here are some ways to do that, plus great last-minute tax tips for all you procrastinators!

Get Ready For Next Year’s Taxes… NOW!

Now that Tax Season is over and you have (hopefully) completed your tax returns and put them behind you, here are some things you can do to make the next tax season even easier. Things to do WAY before April 15th...

What To Do When A Spouse Dies: How To Get A Handle On Your Finances

When your spouse dies, what in the world are you supposed to do next? How do you keep your head above water -- financially -- in addition to keeping it all together emotionally? Here are some tips for getting your financial things in order, so things will go more smoothly regarding money and paperwork after the loss of your spouse.

Watch Out… They Are Out To Get Your Tax Rebate Check!

Marketers are seeing dollar signs, and they are pulling no punches with ideas on how you can spend your government stimulus check. Here's what to watch for, so you don't get taken by someone telling you how to spend your tax rebate check.

What Are You Going To Do With Your Tax Rebate Check… Stimulate The Economy Or Pay Off Debt?

Tax rebate checks -- also known as Economic Stimulus Payments -- will be sent out in May of 2008 to 130 million families. Their purpose is to stimulate the economy. I can't help but think they'll simply be used to pay of debts. How does that stimulate the economy?

Do I Have To Pay Quarterly Taxes?

Do I have to pay quarterly tax payments? Many people don't realize they need to pay quarterly payments until it is too late and you are stuck with a tax penalty.This article discusses who owes quarterly tax payments, how much and when must you pay.

Tax Tips For Buying A Home: Mortgage Interest & Personal Mortgage Insurance (PMI)

If you're considering purchasing or renovating a home, there are several ways to turn your expenses into tax deductions. In this article we discuss tips to decrease your tax bill when purchasing a home.

Marriage and Taxes – What You Need To Know

Getting married is a wonderful event. But after the celebrations are over, there are many decisions you will face as a married couple. This article lists a few of the tax decisions newlyweds will face in the beginning.

Types of IRS Audits – What You Need To Know

You never know when or if you will be audited. But the best way to be prepared is to know what to expect and to maintain your tax documentation. This article discusses the 3 types of audits and what to expect in each.

Tax Freedom Day: When It Is And How It Works

See when Tax Freedom Day is this year... and how it is calculated. Tax Freedom Day represents the number of days Americans on average have to work a year in order to afford their tax liability.

U.S. Savings Bonds

United States Savings bonds are a great way to invest money conservatively and can provide the opportunity to grow interest tax free. These bonds make a great gift for young children to hold on to and potentially use for college expenses.

How To File A Tax Extension

Since its the last day before the tax deadline, you may be wondering how in the world am I going to get this done. But one way to reduce the stress is to complete a tax return extension.

Income The IRS Can’t Tax

There are certain types of income that should not be included on your tax return. In this article we discuss a few of the types of income that are excluded from your tax return and therefore result in tax savings.

What Is My Tax Filing Status?

We'll discuss the different tax filing statuses and the requirements and benefits associated with each status. By knowing all the tax statuses available, you may be able to reduce your tax liability.

What Is A Qualifying Child?

The Working Families Relief Act of 2004 created a standard definition of a qualifying child to be used for tax purposes. The definition has 4 main requirements to consider.

Yes, You Have To Pay Taxes On Downloaded Songs

If you live in one of these states then you have to pay taxes on all of the media you've downloaded -- for a fee -- this year! Here's the complete list of states.