If you’re part of the 54 percent of American taxpayers anxiously anticipating a tax refund this year, you should have an action plan for that money once it hits your bank account. According to the IRS, the average refund last year was $2,860. That’s a nice chunk of change that can have a huge impact […]
As the snow melts and the itch to shake off the winter doldrums sets in, you’re likely ready to jump head first into spring cleaning. But, while you are busy purging closets and cleaning out drawers, it’s important to remember your finances may need a little sprucing as well. With the tax filing deadline rapidly […]
Contributing to an Individual Retirement Arrangement (IRA) is an excellent way to grow your financial wealth over time. In fact, if you don’t have an IRA, you may be missing out.
It’s time to file your taxes again! Or is it? Not everyone is required to file a federal income tax return every year – even if they had some taxable income. Ask yourself these four questions to determine if you should file a return for tax year 2016.
One of the best presents you can give yourself this year is to maximize contributions to your deductible or nondeductible retirement plan. Whether you’ve been contributing all year or have yet to start, here are a few tips to get the most from tax advantaged retirement plans.
It’s easy to only think of taxes during tax season. However, anyone who is financially savvy knows making changes throughout the year can give you the best chance to make a difference in your tax bill. With more than a quarter of the year left, now is a great time to make small adjustments that […]
Did your plan to put money into a retirement account for 2016 fall flat? Don’t worry – you still have time! While automatic contributions deducted straight from your paycheck throughout the year is the easiest way to build your retirement account, there are other ways to save.
Are you among the millions of Americans who piece together a living by freelancing, contracting, or running side hustles? The so-called “gig economy” has shed light on a growing class of workers who don’t collect a steady, guaranteed paycheck from a single employer. Perhaps they run an Etsy shop while bartending on weekends. They might […]