Personal Finance and Tax Tips You Can Actually Use.

Turning Your Hobby Into a Business: Do You Have What It Takes?

Turning Your Hobby Into a Business: Do You Have What It Takes? | TaxACT

Have you ever thought about turning something you enjoy, something you would do even if it didn’t make any money, into a way to make a living?

Who hasn’t?

Many people take a hobby they’ve been dabbling in for years, such as glass blowing, antique collecting, or dance exercise, and turn it into a full-time business.

If you’ve been making a little money on the side, the idea starts to sound tempting.

How do you know if it’s right for you?

[Continue reading]

Weekly Favorites: Donation Rules, Old-School Money Tips, Credit Card Rewards as Taxable Income

TaxACT Weekly Favorites June 14, 2013

TaxACT’s Weekly Favorites:  June 14, 2013 Tax Deductible Donation Rules via Bankrate Just what is tax-exempt status? As the name indicates, it means organizations granted such status by the Internal Revenue Service don't have to pay taxes on … [Continue reading]

Will Credit Card Rewards Soon Be Classified as Taxable Income?

Will Credit Card Rewards Soon Be Classified as Taxable Income? - TaxACT

What’s considered taxable income? Just about anything you can think of, according to this list on the IRS website. However one thing you will find notably absent are credit card rewards. At least for now, but will that soon change? The … [Continue reading]

Dry Beans and Other Cheap Secrets of Healthy Eating

Dry Beans and Other Cheap Secrets of Healthy Eating | TaxACT

If you are trying to figure out how to eat healthy without spending your whole paycheck at Whole Foods, look no further than your mom. Let’s just take the family diet on offer at my household circa the mid-90s. This was pre-internet. There were … [Continue reading]

Job Interviewing for a New Millennial

Job Interviewing for a New Millennial | TaxACT

What can you do to hit a home run on your next job interview? With graduations upon us, it’s a natural time to start preparing for job interviews. The job market is flooded with millennial generation applicants who are vying for the same … [Continue reading]

Graduation Presents on a Budget

Graduation Presents on a Budget - TaxACT

Do you currently know of someone that’s graduating soon? Well guess what? That means that you’d better save up your pennies, because you’ll need to buy them a gift for their open house. I know I know, the gifts never end. There’s … [Continue reading]

Thinking Long-Term: The Secret to Financial Success

Thinking Long Term: The Secret to Financial Success by Sally Herigstad | TaxACT

Do you think about your future? Where you’ll be (want to be) in 5, 10 or 15 years? The biggest secret to financial success - or success in any endeavor - is to think farther ahead than most people do. To illustrate how that works, think about … [Continue reading]