Solutions to Make Better Decisions with Your Money

Affordable Care Act 2014 Premium Tax Credit and Penalties

Affordable Care Act 2014 Premium Tax Credit and Penalties - TaxACT

Can provisions of the Affordable Care Act help you pay for health insurance coverage? Yes! Starting January 1, 2014, you are generally required to have adequate health insurance or pay a penalty. The good news is that if your income is within certain limits, you may qualify for an advanced premium tax credit to help […]

4 Tax Tips For Newlyweds

4 Tax Tips For Newlyweds - TaxACT

Have you recently gotten married? Getting married changes everything – your tax filing status, how much tax you pay, and more. Utilize these tax tips for getting started off right in your married life. Use the right filing status As a married person living with your spouse, you only have two choices of tax filing […]

5 Year-End Tax Planning Tips for Self-Employed

5 Year-End Tax Planning Tips for Self-Employed - TaxACT

As a self-employed person, you have more control over your eventual tax liability than someone who only earns income as an employee. To take full advantage of that extra control, follow these 5 year-end tax planning tips: 1. Estimate your business income It’s absolutely essential that you find out where you stand tax-wise – before […]

4 Tax Planning Strategies for Parents

4 Tax Planning Strategies for Parents - TaxACT

Have you started your tax planning? If you wait until preparing your tax return to start thinking about tax planning, you’re missing some of your best opportunities to save money. To really make a difference on your refund or how much you owe for 2013, start thinking about taxes before the year ends. Take a […]

Affordable Care Act Tax Law Changes for Higher Income Taxpayers

New Affordable Care Act Taxes for Higher Income Taxpayers - TaxACT

Most taxpayers don’t need to worry about the new additional 3.8% tax on net investment income, or the additional 0.9% Medicare tax. These taxes only apply to individuals (and estates and trusts) that have income over certain levels. You generally won’t pay either of these taxes unless you make over $200,000 in one year. If […]

How the New Health Care Law Affects Medical Expense Deductions

How the new health care law affects medical expense deductions in 2013

For 2013, new rules enacted under the Patient Protection and Affordable Care Act of 2010 may affect how much you can deduct for medical expenses – or if you can take a medical expense deduction at all. Higher “floor” before you can start taking medical expense deductions Prior to 2013, you could only deduct medical […]

5 Quick Ways to Save $50 Each Month

5 painless ways to save $50

Are you looking for different ways to save each month? What could you do with an extra $50 per month? See if you can find that extra cash in one of these five ways: 1. Cut the cable Who needs cable anymore? Sign up for a streaming plan like Amazon or Netflix, and watch current […]

6 Ways to Know If Your Kid Should Have a Credit Card

6 Ways to Know If Your Kid Should Have a Credit Card - TaxACT

Have you ever thought about getting your child a credit card? If you want to start a friendly debate, ask a group of parents when they should give a child a credit card. The answers will probably vary from “when he can pay for it” to age 105. Some parents will say, “Never!” Post by […]

Lower Swipe Fees: Does This Mean Store Prices Go Down?

Is this the end of the debit card? - TaxACT

Do you use a debit card? Did you know each time you use it the merchant gets charged with swipe fees? Every time you swipe with a debit card to pay for gas, groceries, or a latte, your bank charges the merchant a “swipe fee” for the transaction. The maximum swipe fee banks could charge […]

Budgeting: Why Just Spending Less Is NOT Your Answer

Budgeting - TaxACT

Are you looking for ways to cut costs and save each week? Are you budgeting on a weekly and monthly basis? Should you spend less or try to make more money when budgeting? You can turn the heat down, grow your own vegetables, pick up kids’ clothes at garage sales, and take your lunch to […]

A 5-Step Plan for Surviving a Job Loss

A 5-Step Plan for Surviving a Job Loss - TaxACT

Have you ever gone through a job loss? Losing your job is a traumatic experience. You lose your income and benefits, sense of security and job identity all at once. You may have workplace friends you’ve seen every day for years. The morning after you get laid off, everything’s changed. It’s important to take some […]

4 Energy Efficient Home Improvements to Save You Money

4 Energy Efficient Home Improvements to Save You Money - TaxACT

Are you planning, or in the middle of, making improvements to your home? Are you considering energy efficient home improvements? Though months away, we all know winter’s coming, and with it brings higher heating bills. Now is a great time to think about investing in energy efficient home improvements – and possible tax credits to […]

Mortgage Rates: Is It Too Late For a Great Deal?

Mortgage Rates Is It Too Late For A Great Deal - TaxACT

For years, it seemed mortgage interest rates did nothing but inch downwards. Every time we thought the rates couldn’t go any lower, they proved us wrong. They’re finally headed back up – and not by inches, either. Mortgage rates on 30-year fixed loans have moved up sharply in the last month. If you’re in the […]