As a quick followup to my earlier post on the impact of the internet sales tax, I wanted to share with you the list of states that do not (currently) collect sales and use taxes. As of this writing, there are five such states, including: Alaska, Delaware, Montana, New Hampshire, [...]
income tax
I’ve received a couple of inquiries about why I’m such a fan on Series I Savings Bonds, so I thought I’d spend a bit of time discussing that today. As a reminder, I-Bonds are low-risk, inflation-indexed savings bonds that are issued (and backed) by the Federal government. So what’s so [...]
Tax day is three weeks away. This means that you have two weeks to fund an IRA and have it count toward the 2012 contribution limit. If at all possible, you should do this. Why? Because once the window closes, you can’t go back and make up for a missed [...]
Taxes are due four weeks from today. You should thus have plenty of time to get things pulled together before the deadline. But if you don’t make it, all is not lost. You can always request an income tax filing extension. Yes, that’s right. A filing extension. In case you [...]
In response to my post detailing our portfolio, a reader named James asked the following: Why not a LifeStrategy fund? Because of lack of space in tax-deferred? That’s a great question. Why not simplify and use a single fund instead of three or four? Well, James hit on the biggest [...]
In honor of Sequestration Day I thought I’d highlight the results of a recent study from the Institute of Taxation and Economic Policy. As I’m sure you’re aware, there’s pressure in a number of states to reduce or abolish personal income taxes. In general, the argument in favor of doing [...]
Over the past few weeks I’ve mentioned (in passing) the ability to buy additional Series I Savings Bonds with your tax refund. In short, you can request up to $5k in I-Bonds (in $50 increments) with your tax refund. These are issued in paper form and are in addition to [...]