Taxes
Posted 6 days 4 hours ago by Kate Luther
Personal Finance, Taxes, Investment
As America’s love affair with self-investing continues to grow, so does our fascination with tax-free accounts. Don’t believe me? See for yourself. The next time you’re in a conversation, try working the words “tax free” into your conversation and watch the ears perk up. Admit it. We despise taxes. We loathe them. So much so in fact, that Uncle Sam made not paying those taxes a crime. So the idea that we can legally earn a buck without sharing it with our dear old uncle is well, deliciously criminal.
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Posted 2 weeks 2 days ago by Xin Lu
Personal Finance, General Tips, Taxes, Investment
After the recent interest rate cuts by the Federal Reserve many of my bank and money market interest rates plummeted. Now the best yield I have is on my Series I Savings Bonds issued by the United States Treasury. These bonds are also known as I-Bonds and their yields fluctuate according to inflation. Currently, the yield is 4.28% and that beats all of my other cash investments. Here is some information on the interest rate on I-Bonds and the advantages of owning these bonds.
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Posted 3 weeks 2 days ago by Xin Lu
Personal Finance, Frugal Living, Lifestyle, Taxes
My parents always told me that buying a timeshare is a bad idea because of the inflated upfront cost and perpetual maintenance and exchange fees the timeshare companies pile on. It is also quite difficult to sell a timeshare you no longer want because there is usually a giant supply of them on the market. If you do want to get rid of a money sucking timeshare, donating it may be the most economical option.
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Posted 5 weeks 1 day ago by Xin Lu
Personal Finance, Taxes
When I was single, I thought that getting married would reduce my expenses greatly, and after I got married I realized that in some instances married life is actually more expensive . In general, divorces are extremely costly and detrimental events, but ironically there are so many laws pertaining to marriage and finances that could make a divorce financially advantangeous for a committed couple. Here are some of the bizarre examples I have read in the news recently.
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Posted 5 weeks 4 days ago by Will Chen
Taxes
H&R Block is giving five of our lucky readers a copy of H&R Block TaxCut 2007 Premium. To enter the drawing, please enter a comment on the H&R Block giveaway thread in our forum.
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Posted 6 weeks 3 days ago by Philip Brewer
Taxes
This is really a non-issue, if you work a regular job: Your employer withholds taxes. It's also not much of an issue if you're self-employed and your income is reasonably steady through the course of the year: You estimate your annual tax bill and send in quarterly estimated tax payments. If your income is unpredictable, though, it is an issue. Happily, the IRS does not demand that you be able to predict the future.
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Posted 6 weeks 4 days ago by Philip Brewer
Taxes
I wasn't looking forward to doing my taxes this year. They were going to be more complicated than in years past, because I left my regular job and started working full-time as a writer. I also had some other new complications. TurboTax handled it all without difficulty.
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Posted 7 weeks 1 day ago by Philip Brewer
Taxes
Surely by now everyone has heard of the economic stimulus tax rebate. What may not be universally known is that one of the little tweaks the Democrats added were some rules under which even many people who don't pay taxes can get a rebate. To get it, though, you have to file a return.
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Posted 9 weeks 4 days ago by Julie Rains
Taxes
What's certain about life: death, taxes, and changes in tax laws. So my best tax advice is "keep up with tax laws." Coasting along with financial vehicles and investment strategies aligned with outdated tax laws may be dangerous. Stir in frequent changes to your personal circumstances and you’ll cook up some not-so-great decisions. I'll discuss some rules that have changed for parents, homeowners, business owners, borrowers, investors, and anyone with plans to retire.
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Posted 11 weeks 22 hours ago by Nora Dunn
Taxes
Enjoy this lighthearted anecdotal story illustrating the North American tax system.
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Posted 12 weeks 2 days ago by Xin Lu
Personal Finance, Frugal Living, Food and Drink, Art and Leisure, Budgeting, Lifestyle, Credit Cards, Taxes
My favorite cheap TV character is Julius Rock from Everybody Hate Chris. Julius is a character based on Chris Rock's father and in almost every episode of the show his frugality shines through and here are some highlights of his wisdom and lessons he has learned. (May contain some spoilers!)
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Posted 14 weeks 1 day ago by Paul Michael
Personal Finance, Taxes
As you’re no doubt aware, President Bush has created an economic stimulus package in the hopes of stalling the impending recession (or if you believe some, depression) that’s on the horizon. It’s not approved yet, but it has already passed its first major hurdle – The House Of Representatives approved the $146 billion dollar deal. Want to know how much you'll get?
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Posted 14 weeks 4 days ago by Philip Brewer
Taxes
The kind folks at Intuit have given us some free copies of TurboTax. I snagged one that I'm going to use to do my taxes, and once I'm done, I'll post a review and tell you how it worked for me. In the meantime, here's a brief rundown of the latest features, together with a chance to win a free copy yourself.
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Posted 18 weeks 6 days ago by Julie Rains
Taxes
The Quiet Millionaire author and Certified Financial Planner Brett Wilder states that “Most ‘normal’ people think that the subject of taxes is an absolute bore and would much rather spend their free time thinking about more interesting, stimulating, and happier aspects of life.” Thankfully, I would be considered normal by this measure. Thinking about avoiding taxes, the focus of Chapter 6, however, is mildly exciting. I've selected some ideas and insight that I found particularly useful.
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Posted 21 weeks 4 days ago by Nora Dunn
Career Building, Taxes
If you are doing a good job, your employer will want to keep you. And to do so, they know they might need to woo you or otherwise entice you to stay if your skills are marketable and you are in demand. Here is a list of things you can try asking your employer for, either at the negotiation table before you take a new job, or at an annual review when you have demonstrated that you are an excellent employee.
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Posted 32 weeks 16 hours ago by Nora Dunn
Taxes
I have had as many as five separate businesses at once to keep track of, including proper accounting of expenses for tax purposes. And it takes me no more than 5 minutes per week to do.
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Posted 38 weeks 3 days ago by Myscha Theriault
Taxes
If you’re like many people, the mere mention of taxes makes your eyes cross and your brain turn to mush. Recently though, I ran across some powerful information regarding tax relief programs the average person can apply for on their own.
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Isn't it weird that there isn't a central list of post offices at, oh I don't know, say, USPS.com, that tells you which post office branches are going to be open late tonight for last-minute filers? Or is there a list and I simply couldn't find it (possible)?
Here's a partial list. Feel free to add your own in the comments section. These are remarkably difficult to find.
Continue reading "Last Minute Tax-Filing? Extended Post Office Hours and More"
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Hey, it's tax time again. If you've already looked at my other post on weird tax deductions , you'll know I like looking at the lighter side of taxation. Let's face it, at this time of year, who doesn't?
So I thought it would be fun to pop along to the Snopes.com website and check out their top 10 tax legends (it's a tricky search, I had to weed out stories not directly related to the IRS). But, what are the big myths, rumors and complete BS stories surroungding this oh-so-special time of the year? Well, here are the results.
Continue reading "Top 10 Tax Urban Legends, Myths and Rumors."
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Fidelity.com is offering its registered visitors 35% off TurboTax online. Registration is free. Just click on the link "visitors" on the bottom left-hand corner. Fidelity doesn't ask you to verify your personal information nor does it verify your email address. If you're already a registered user, go here for the TurboTax discount.
Continue reading "15 to 35% Off Turbo Tax Online"
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