Solutions to Make Better Decisions with Your Taxes and Money

4 Tax Tips For Newlyweds

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 […]

4 Tax Planning Strategies for Parents

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 […]

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

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

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

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

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?

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

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

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 […]