Solutions to Make Better Decisions with Your Taxes and Money

About Erin Lowry

Erin is the founder of BrokeMillennial.com, where she uses sarcasm and humor to explain basic financial concepts to her fellow millennials. Erin lives and works in New York City. She's developed quite the knack for finding deals and free events. Connect with Erin on Twitter, Facebook and Google+.

6 Common Small Business Tax Deductions

6 Common Small Business Tax Deductions - TaxAct Blog

Tax deductions are a great benefit for the average taxpayer, but they can bring even greater tax benefits to a small business owner, contractor or freelancer. Expensing business costs can help reduce taxes so you can put more money toward building your empire.

Insurance Considerations for Freelancers, Entrepreneurs and Small Business Owners

Insurance Considerations for Freelancers, Entrepreneurs and Small Business Owners - TaxAct Blog

Taking the leap to becoming a freelancer, entrepreneur or small business owner is huge. If you’ve recently done it, congratulations! There is no doubt you have a long to-do list, but you need to make sure getting insurance is a high priority. While becoming your own boss has many perks, it often also means leaving […]

What to Do with Your Side Hustle Income

What to Do with Your Side Hustle Income - TaxAct Blog

A side hustle (or side gig or freelance job) can help people achieve financial goals and obtain a level of job security. Developing a second skill set to bring in money can not only help you build a nest egg in addition to your current salary, but also give you an income stream if you […]

Money-Saving Tips for Wedding Season (When You’re the Guest)

Money-Saving Tips for Wedding Guests - TaxACT Blog

Receiving wedding invitations is exciting – the first two or three times. (Other than bills, it’s really the only way you receive snail mail anymore). But once you get four (or more!) wedding invites per season, the financial burden starts to add up. With multiple weddings in a short period of time come numerous expenses. […]

3 Hacks to Pay down Student Loan Debt Faster and with Less Interest

3 Hacks to Pay down Student Loan Debt Faster and with Less Interest - TaxACT Blog

A few years ago a co-worker of mine suddenly proclaimed, “Well that can’t be right!” Naturally assuming she meant something to do with work, a few of us turned around and inquired what she was talking about. “I just did the math and I think that my husband and I have paid $50,000 in interest […]

Financial Advice All High School and College Graduates Must Know

Financial Advice All Recent Graduates Must Know

Graduation is a thrilling and terrifying time for high school and college graduates alike. Even with four significant years separating those monumental moments, five basic pieces of financial wisdom hold true for both sets of graduates. Financial advice for recent graduates:

How to Start a Side Hustle and Stop Stressing about Saving

How to Start a Side Hustle and Stop Stressing about Saving - TaxACT Blog

Pay yourself first. Set financial goals. Automate your savings. It doesn’t matter which version of this personal finance mantra you’ve heard, it all means the same thing: saving money is an important part of your financial health. But with the millennial generation dragging a weight of debt behind them and some boomers still licking their […]

5 of the Most Common Money Myths Busted

5 of the Most Common Money Myths Busted - TaxACT Blog

Since money means different things to different people, it’s no surprise myths are abundant. Friends, parents, teachers, and even those you look to as financial professionals, can perpetuate these myths. So let’s examine five of the most common money myths that you may still believe.

Setting and Sticking to Your Financial Limits

Setting and Sticking to Your Financial Limits - TaxACT Blog

Guidelines are helpful tools, but generic personal finance advice can ultimately end up hurting your wallet. Your budgeting strategy needs to be tailored to your specific money goals. Tips like 50/30/20 can help get you started, but what if you live in an expensive city like New York or San Francisco and 50% of your […]

Release Yourself from the Shackles of Credit Card Debt in 2015

How to Eliminate Credit Card Debt in 2015 - TaxACT Blog

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 over 10 months left in the year to get […]

5 Steps for Paying Yourself First — the Money Habit that Builds Wealth

5 Essential Steps for Paying Yourself First - TaxACT Blog

“I just don’t have enough money to save some each month.” If I had a dollar for every time someone lamented how he or she couldn’t possibly save money, then I would never need to save money out of my own paycheck. Unfortunately, this all-too-common complaint means the complainer has neglected the most important piece […]

How to Live Up to Your Own Version of Frugality

How to Live Up to Your Own Version of Frugality - TaxACT

The penny-pinching, side-hustling lifestyle slowly started creeping into mainstream American society around the same time Macklemore and Ryan Lewis’s anthem “Thrift Shop” dominated the airwaves. Considering most millennials graduate college saddled with debt and facing a recession, it isn’t hard to figure out why frugality is in vogue. While keeping up with the Jonses may […]

7 Tax Tips for the Freelance Economy

How to Handle Taxes as a Freelancer - TaxACT Blog

Tax season feels eons away for many gainfully employed workers. Why bother thinking about W-9s that will come in January when Halloween, Thanksgiving and Christmas are all arriving before tax forms. Not to mention New Years, Valentine’s Day and St. Patrick’s Day all happen before taxes are even due. But for some workers, tax season […]

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