Solutions to Make Better Decisions with Your Money

Weekly Favorites: Are Americans fleeing due to taxes? and more.

TaxACT Weekly Favorites - September 27

TaxACT Weekly Favorites:  September 27, 2013 Are Americans fleeing due to taxes? via Kay Bell (Bankrate) The State Department estimates that 7.6 million people no longer call the United States home. And while U.S. statisticians don’t track why people relocate, it’s a safe bet that lots of the moves are because of taxes. Continue reading… How the New […]

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 […]

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 […]

5 Reasons Summer is a Great Time to Save Money

5 reasons summer is a great time to save money - TaxACT

The great thing about summer is that you and your family can have so much fun – possibly more so than any other time of year – without spending a lot of money. In fact, if you plan it right, summer can be one of the best times of the year to save money. Here’s […]

Student Loan Interest Rate Changes: How They Affect You

Student Loan Interest Rate Changes: How They Affect You - TaxACT

Student loan interest rates are doubling! Should we panic yet? Or is this just the scare of the month? It’s a little of both, actually. Here’s how the student loan interest rate change may affect you.

Is It Crazy to Buy Gold Coins For Investments?

Is it crazy to buy gold coins for investments? - TaxACT

Have you ever wanted to buy gold coins for investing? Or maybe just as a hobby? In the days of instant, online stock trading and financial accounts, sometimes money seems almost make-believe. We no longer even have a passbook to hold on to. We certainly never see most of our money as a tangible object. […]

Turning Your Hobby Into a Business: Do You Have What It Takes?

Turning Your Hobby Into a Business: Do You Have What It Takes? | TaxACT

Have you ever thought about turning something you enjoy, something you would do even if it didn’t make any money, into a way to make a living? Who hasn’t? Many people take a hobby they’ve been dabbling in for years, such as glass blowing, antique collecting, or dance exercise, and turn it into a full-time […]