taxes

Ask the Readers: Do You Look Forward to Tax Time? (Your Chance to win $20!)

What are you thoughts on tax time? Do you dread it? Anxiously await it? Let us know your stories here in our comment thread or on Twitter, and you'll be entered to win one of two $

Contributing to a Roth Versus Paying Down Debt

This post was prompted by a reader question, but it's an issue that many people face—we see versions of it all the time in the forums.

How to Deal with Tax-Deductible Receipts Quickly and Easily

How do you deal with tax-deductible receipts that you collect on the fly? Are they stuffed into your wallet until it becomes so distended that you are forced to do something abo

Urgent: Check Your Withholdings

Your paycheck has probably been bigger this year because the government stimulus package to cut the amount of tax withheld from people who were expected to get the new "Making Work

Optimize Your IRA and 401(k)

Your IRA and 401(k) (or 403(b) if you work for a non-profit) are great tools for deferring taxes, and have other advantages as well. But because they're labeled "retirement" accou

Ask The Readers: Are You Getting Your Tax Refund this Year? (Answer to win $10!)

Do you have a tip for making sure your tax money comes back to you at the end of every year? Give us your views and insights into tax refunds now (before the year runs out), and we

Getting by on a lot less money: 3 ways it's easier than you think

I spent my whole adult life trying to figure out how to get by on a lot less money, because I wanted to be a full-time writer and knew that it wouldn't pay enough to support the li

"Cash for clunkers" bill passed by Congress - what does it mean for consumers?

A few months ago I wrote about several car buying incentives that were floating around. This was before the bankruptcy of Chrysler and GM and there was a rumor going around that t

Borrowers, lenders, and others--beware trusting the government

Having a prosperous country (as opposed to having merely a prosperous elite) depends fundamentally on the rule of law. The system can work adequately well with various sets of rule

Do Americans really want to "Go Dutch"?

I just read a very interesting article by an American expat named Russell Shorto in the Netherlands titled "Going Dutch - How I Learned to Love the European Welfare State". The

What can you do if you cannot afford to pay your taxes

Today is April 15th, also known as the dreaded Tax Day in America. Due to the recession many people may find that they do not have enough money in the bank to pay what they owe. I

AIG employees - Why you should donate your bonuses instead of returning it

Lately many top AIG employees who were targeted by Congress in the $165 million "Bonusgate" incident have returned their bonuses. Some people are still holding out, and in my opin

Ten Great Charities that Deserve Your Dollars This Year

These are difficult economic times, but I'm getting tired of being told to spend my money on stuff, as if my personal saving habits are somehow ruining the economy. Instead of thro

I Love Tax Season (and Why It's Like Christmas)

I have a confession to make: I love tax season. Not just the days when I do my taxes or when I file my taxes or get a chunk of change deposited to my account, but the entire Tax S

The "marriage penalty" of taxes in America - how does it affect you?

It is tax season again, and it seems that every year the tax code in America gets a little more convoluted. One thing in the tax code that has always annoyed me is something calle

101 Tax deductions for bloggers and freelancers

Anyone here like doing taxes? Didn’t think so. We all have to do them; we all have to pay money to Uncle Sam (although some get away with paying much less than others). But as

Will 4.5% mortgage rates jumpstart the housing market?

It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now th

How a $700 billion bailout became a $800 billion "rescue plan"

You might have thought that the $700 billion bailout bill seemed a bit excessive. You'll be relieved to hear that the bill that the President will sign tonight is worth a mere $800

Investment Gains Taxes Increase - The Worst Tax Policy Ever?

Yesterday Paul Michael wrote an article comparing the income tax policies of McCain and Obama and suggested that he would vote for Obama because Obama's tax policy would benefit ev

McCain or Obama? Who’ll be better for your wallet?

I want to keep this factual. This is not an article on who should be the next President, or as these campaigns usually go, who shouldn’t be President. This is a simple presentation