The 401(k) retirement plan, first popularized in the 1980s, is an excellent way to put aside money for retirement. Like other retirement plans — traditional IRA or Roth IRA — a 401(k) invests your money in a customized mix of individual stocks, money-market funds and bonds to maximize your return. But which type of retirement […]
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.
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 […]
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.
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:
Don’t worry – the IRS doesn’t want to tax every last cent you earn.
Choosing to donate to a charity typically isn’t solely driven by the potential tax break, but the chance to save a few bucks on your taxes as a result is a nice perk. If you itemize deductions on your income tax return, the IRS allows you to write off the cash value of any contributions or […]
You can’t fully understand many important things in life until you do them for the first time: riding a bike, getting your first job, and doing your taxes. Filing your income tax return is one of those adult rites of passage that can seem shrouded in mystery until you sit down to file for the […]
Updated for Tax Year 2015 There is something deeply satisfying about receiving a big, fat refund from the IRS. Your boss withholds a big slice of your paycheck each month for federal and state income taxes, and now is your chance to get some of that cash back. If your goal is to get the […]