Solutions to Make Better Decisions with Your Money

About Sally Herigstad

Sally Herigstad is a certified public accountant and personal finance columnist and author of Help! I Can't Pay My Bills, Surviving a Financial Crisis (St. Martin's Griffin). She writes regularly at CreditCards.com, Bankrate.com, Interest.com, RedPlum, and MSN Money. She is an experienced speaker and a member of Toastmasters International. Follow Sally on Twitter.

6 Ways to Deal with High Medical Bills

6 Ways to Deal with High Medical Bills - TaxACT Blog

If you have high medical bills, it can be hard to know where to turn. Medical bills usually show up when people are least equipped to deal with them – when they or a member of their family is sick or injured. They may even be off work due to illness or surgery. Fortunately, there […]

6 Tips for Planning Next Year’s Taxes Now

6 Tips for Planning Next Year’s Taxes Now - TaxACT Blog

Smart taxpayers plan their tax year. They don’t wait until the year is over, and then prepare their taxes and see how much damage was done. The farther ahead you look to plan your tax situation, the better your chances of significantly reducing your tax burden – and better planning your financial future. Follow these […]

Owe Taxes This Year? Here Are 5 Ways to Lower Next Year’s Tax Bill

Owe Taxes This Year? Here Are 5 Ways to Lower Next Year’s Tax Bill - TaxACT Blog

You’ve finished your taxes. You may have expected a refund, or maybe you knew you’d have taxes to pay when you filed your return. Either way, writing more than a small check to the Internal Revenue Service is an experience you’d rather not repeat. What can you do to avoid it in the future? Check […]

5 Shortcuts to Creating a Budget That Sticks

5 Shortcuts to Creating a Budget That Sticks - TaxACT Blog

We know we need budgets. They’re absolutely essential to good management of our finances. Creating a budget is also the last thing most of us want to do. We may have no idea where to start. The idea of budgeting sounds like the stuff of ledger books tracking every dime we spend, or worse yet, […]

What to Do after Filing a Tax Extension

What to Do after Filing a Tax Extension - TaxACT Blog

If you didn’t quite finish your tax return by April 15, filing for a tax extension was a smart move. It’s easy to mail Form 4868, Application for Automatic Extension of Time to File, to the IRS and get another six months to put everything together. It’s a little too easy, actually. And the extension […]

How to File a Tax Extension – And 3 Reasons Not To

How to File a Tax Extension – And 3 Reasons Not To - TaxACT Blog

For many of us, there never seems to be a convenient time to get everything together and prepare our taxes. That sometimes means filing for an automatic extension of time to file your income taxes. This is a smart move if you don’t have all your information yet. It may be your only choice if […]

How to File an Amended Tax Return with Form 1040X

How to File an Amended Income Tax Return with Form 1040X - TaxACT Blog

No matter how carefully you gather the information for your income tax return, sometimes you find something after you file that should have been included. Perhaps you remember you spent money on energy saving equipment for which you should have received a credit. Or, you received a Form 1099-MISC and forgot to enter the income […]

Read These 4 Last-Minute Tax Tips before You File

Read These 4 Last-Minute Tax Tips Before You File - TaxACT Blog

Whether you’re just getting started on your tax return or if it’s almost complete, it pays to take a few minutes to read these last-minute tax tips:

Owe Too Much Tax? 4 Ways to Lower and Pay Your Tax Bill

Owe Too Much Tax? 4 Ways to Lower and Pay Your Tax Bill - TaxACT Blog

For some people, not getting a big income tax refund is a terrible disappointment. The only thing worse is having to pay even a small amount to Uncle Sam at the end of the year. When you finish your taxes and discover you owe a small amount of tax, however, you should consider that you’ve […]

Where’s My Refund? Step-by-Step Timeline of your Tax Refund

Where’s My Refund? Step-by-Step Timeline of your Tax Refund - TaxACT Blog

From the time you prepare and file your tax return, to the day you find your tax refund in your mailbox or your bank account, you’re never alone. Here is a timeline of your tax refund and where you can find help when you need it. Where’s my refund?

4 Ways to Deduct Interest on Your Tax Return

4 Ways to Deduct Interest on Your Tax Return - TaxACT

For many people, home mortgage interest is the most important tax deduction they take. It’s not the only type of interest that can be deducted, however. If you look a little further, you may find other types of interest that can save you money on your tax return. It’s important to know not only what […]

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

What Are Capital Gains? - TaxACT Blog

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 income. We don’t always consider the car we sold […]

6 Things You Should Know About Investing vs. Paying Off Debt

6 Things You Should Know About Investing vs. Paying Off Debt - TaxACT Blog

You know you need to pay off debt. You also need to save for emergencies, education, a house, and retirement. There’s only so much money to go around, however. If you try to pay off 100% of your debt before you start to save, that could take too long. If you try to put money […]