Solutions to Make Better Decisions with Your Money

4 Money Mistakes Millennials Make

4 Money Mistakes Millennials Make - TaxACT

Ever kick yourself for not planning ahead financially or for making purchases you later regretted? You’re not alone. It’s easy to make a few missteps when you’re first starting out and still learning how to stick to a budget. Although there are a few things other generations can learn from Millennials, here’s a look at […]

6 Offbeat Ways to Retire Early

6 Offbeat Ways to Retire Early - TaxACT

If you really, really want to retire early, here are some ways to do it. In an ideal world, we’d all save money year after year until we had enough stashed away to maintain us in the style to which we have become accustomed. Then we’d retire, secure in the knowledge that we’re set for […]

Weekly Favorites: Why Starting To Save At 25 Means An Extra Six Figures In Retirement

TaxACT Weekly Favorites June 27 2014

TaxACT Weekly Favorites:  June 27, 2014 Why Starting To Save At 25 Means An Extra Six Figures In Retirement via Maggie McGrath A picture might be worth a thousand words, but when it comes to the state of retirement savings for the youngest generation of workers in the U.S., the numbers create a picture that […]

Most Common Tax Forms

Most Common Tax Forms - TaxACT

By the first or second week of February, you should have received informational statements from every employer you worked for last year. You should have also have received statements from places that paid you or to whom you made tax-related payments. By keeping these forms handy and grouping them by type, you can make preparing […]

Baby Boomers Playing Catch-Up: Retirement Strategies Worth Considering

Baby Boomers Playing Catch-Up—Retirement Strategies Worth Considering - TaxACT

Talk about a case of bad timing: the baby boomer generation started hitting retirement age during one of the worst economic disasters in modern-day history. The oldest boomers started turning 65 in 2011, as the economy struggled to recover from the devastating market crash and recession that began with the financial crisis of 2008. Middle-class […]

Older Americans and Seniors – What the ACA Means for You

Older Americans and Seniors – What the ACA Means for You - TaxACT

What does the Affordable Care Act mean for older Americans? If you’re 65 or older and on Medicare, you can keep your plan. Medicare’s basic structure hasn’t changed, although the Affordable Care Act (ACA) makes some important benefit improvements. If you’re too young for Medicare and don’t have access to health insurance through an employer, […]

Gift Tax: The Tax Implications of Supporting Adult Children

Gift Tax: The Tax Implications of Supporting Adult Children - TaxACT

Do you currently have your adult child(ren) living under your roof? If you support your adult children, or even give them a helping hand now and then, you’re not alone. In today’s tough job market, getting a good career started can take a little longer than planned. The last thing you need when you’re trying […]

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 […]

The 7 Basics of Personal Finance Management

The 7 Basics of Personal Finance Management

Have you started managing your personal finances? Need some actionable tips you can put to use today?

You don’t need to start earning a six figure salary or own a business spanning several states before you start managing your personal finance. In fact, if you delay, you might never achieve your financial objectives.

Here are the basics you need to know and practice.

Weekly Favorites: 10 Smart Retirement Moves to Make in Your 20s, plus more

Weekly Favorites - August 23 2012 - TaxACT

TaxACT Weekly Favorites:  August 23, 2013 10 Smart Retirement Moves to Make in Your 20s via Robert Berger In your 20s, you’re probably graduating from college, settling into a career and making some major life decisions. While you’re thinking about who to marry, where to live and which career to choose, don’t put your retirement […]

The Secret to Financial Success

Thinking Long Term: The Secret to Financial Success by Sally Herigstad | TaxACT

Do you think about your future? Where you’ll be (want to be) in 5, 10 or 15 years? The biggest secret to financial success – or success in any endeavor – is to think farther ahead than most people do. To illustrate how that works, think about kids growing up. They gradually become able to […]

Weekly Favorites: Mortgage Deductions, Family Loans, Tax Rules on Early Retirement Plan Withdrawals

TaxACT Weekly Favorites

TaxACT’s Weekly Favorites: May 17, 2013 Where The Mortgage Deduction Really Pays via CNN Money The mortgage interest deduction is one of the most expensive tax breaks on the books, but its benefits are distributed unevenly across the country, according to a new report by the Pew Charitable Trusts. Continue reading… Family Loans: Does The IRS […]

6 Items For Your Emergency Financial First Aid Kit

Financial First Aid Kit

Are your finances prepared and organized for a financial emergency? Do you have a plan if a financial emergency occurs? When our youngest son, Joshua, was born we started saying, “If he had been our first, he would have been our last.” That little boy had more energy and could get into more scrapes than […]