If you’re in a lower tax bracket and have been looking for a good reason to get off your butt and start saving for retirement, here it is… In short, you may be eligible for a tax credit that offsets as much as 50% of your traditional or Roth IRA, […]
Tax Tips & Strategies
None other than Benjamin Franklin once said “Certainty? In this world nothing is certain but death and taxes.”
I’m not sure about you, but I’ve always felt an obligation to pay all that’s legally due but not a penny more.
If you’re looking for tax tips and strategies, then you’re in the right place.
Topics of interest include income tax brackets, tax deductions and credits, sales and use taxes, property taxes, the estate tax, capital gains taxes, tax prep, IRS news and policies, and more. If it’s tax-related, this is where you’ll find it.
On the topic of investing in your HSA… Some of you might be interested in moving your HSA money to a new provider with lower fees, better investment options, etc. Fortunately, it’s not only possible to move your money, it’s also quite easy to do. The main thing that you’ll […]
Welcome to February. Right about now, you may be wondering when the balance of your tax paperwork will show up. Sure, you might have received a few things by now. Maybe a 1099 here or there, possibly your W-2. But you can’t really file your taxes until you have everything. […]
As a followup to my earlier posts on IRA contribution limits and the income limits for traditional IRA deductions… I thought I’d highlight the income limits for making Roth IRA contributions. As you’re likely aware, not everyone can contribute to a Roth IRA. Rather, depending on your modified adjusted gross […]
One of the big reasons that many people contribute to a traditional IRA is for the tax deduction. But not all contributions qualify. How do you know if you’ll be able to deduct your IRA contributions? Simple. Just compare them to the applicable income limits. For 2014, these limits (like […]
A few years ago, when the stock market was down in the dumps and investors were taking a beating, tax loss harvesting was all the rage. In short, people were locking in paper losses with the intention of using them to offset their gains. And, in many cases, people (like […]
Are you planning on using TurboTax to do your taxes this year? If so, this might be of interest… Anyone who uses TurboTax to file their taxes can get up to 10% extra on their tax refund by electing to receive some (or all) of it in the form of […]
Are you planning on making charitable contributions before the end of the year? If so, time is running short. In fact, as of this writing, you have just four short days to make tax deductible contributions for 2013. Better hurry! I’m not sure about you, but I tend to leave […]