Solutions to Make Better Decisions with Your Taxes and Money

Weekly Favorites: Stop Overpaying the IRS, and more

TaxACT Weekly Favorites March 14 2014

TaxACT Weekly Favorites:  March 14, 2014

Stop Overpaying the IRS

via Kay Bell on

The average federal tax refund so far this filing season is $3,034. The Internal Revenue Service says that most taxpayers get refunds each year. The size of the average tax refund is probably the main reason that so many intentionally have too much money withheld from their pay. Basically, they view their payroll withholding as a forced savings account that they can’t raid until they file their tax returns. Continue reading…

6 Things to Know About Pre-Existing Conditions and Health Insurance

via Sally Herigstad

You’ve heard by now that health insurance companies can no longer deny you coverage because you have a pre-existing condition, thanks to the Affordable Care Act (ACA). That sounds like good news, and for many people it is. It’s not quite that simple, however. Continue reading…

IRA Contribution Window Closing Soon

via Sheyna Steiner on

Planning on making a contribution to an IRA for the 2013 tax year? Better act fast because the IRA contribution window will be closing soon. The April 15 deadline is fast approaching. The contribution limit for 2013 and 2014 is $5,500. Those over age 50 get to save an extra $1,000 per year before they bail out of the workplace. Continue reading…

Photo credit: Giovanni ‘jjjohn’ Orlando via photopin cc

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