Solutions to Make Better Decisions with Your Taxes and Money

Archives for February 2015

What Are Capital Gains? A Guide to When These Taxes Apply

If you sold something – a house, a car, some stock or even gold or silver coins – you may have a capital gain or loss. When we think of taxable income, most of us primarily think of our earned income, such as wages or self-employment pay. We don’t always include the car we sold […]

10 Job-Related Tax Benefits That Could Save You Some Serious Money

There’s more to a good job than a steady paycheck. Full-time employment can earn you all sorts of perks — from employer-sponsored health insurance to generous deductions on your tax return. Here are 10 job-related tax benefits that could save you some serious money.

Release Yourself from the Shackles of Credit Card Debt

Getting financially fit is the second most common New Year’s resolution, after weight loss, of course. For many Americans, getting financially fit means dropping the weight of credit card debt. Even if you’ve already stumbled and screwed up (or forgotten) your New Year’s resolution, there are plenty of months left in the year to get on […]

Investing vs. Paying Off Deb: 6 Rules to Follow

You know you need to pay off debt. But you also know you need to save for emergencies, education, a house and retirement. There’s only so much money to go around, however. And, if you try to pay off 100 percent of your debt before you start to save, that could a really long time. […]

What Are the Tax Subsidies for the Affordable Care Act?

One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to lower-income […]

What to Expect When You’re Expecting a Refund

You’ve successfully e-filed your taxes. Congratulations! Now, where’s your refund? Here’s what happens to your return once it’s submitted to the IRS.

Taxes and the Sharing Economy — Here’s What You Need to Know

It’s so easy to make a little cash now. Rent a room on Airbnb. Drive someone around town by Uber or Lyft. Sell used books and DVDs on Amazon, or a piano on eBay™. Tweet this It’s all good – until you get a tax bill you weren’t expecting. Then you get a Form 1099-MISC […]

10 Tax Benefits for College Students

College can be expensive, but the IRS offers a number of tax benefits for college students to make higher education more affordable for more Americans. Whether you’re a parent of a college student or paying your own way through school, here are 10 important things to know about college and taxes: