Solutions to Make Better Decisions with Your Taxes and Money

About Sally Herigstad

Sally Herigstad is a certified public accountant and personal finance columnist and author of Help! I Can't Pay My Bills, Surviving a Financial Crisis (St. Martin's Griffin). She writes regularly at CreditCards.com, Bankrate.com, Interest.com, RedPlum, and MSN Money. She is an experienced speaker and a member of Toastmasters International. Follow Sally on Twitter.

Education Tax Benefits: Can They Help You Pay for College?

Many people know if they pay tuition, they may qualify for tax benefits when they file their tax returns the following year. Getting a bigger tax refund in April is never a bad thing. But what if you need the money now to help you get back to school?

It’s Taxable: Report Your Tip Money as Income

If you work at a job where you normally receive tips, you understand how that money can quickly become an important part of your income. However, according to the Internal Revenue Service (IRS), tip money is also taxable. For that reason, it’s important to know how the IRS expects you to report tip income, so […]

The Basics of the Simplified Home Office Deduction

If you have a small business and work at home, you probably know you can take a deduction for the expenses of your home office. However, it’s surprising how many people don’t take this deduction when it comes time to file their tax return. All too often, taxpayers pass it up because it seems like […]

First Time Homeowners: Adjust Your Tax Withholdings

If you recently bought your first home, you probably heard you can reduce your tax liability by deducting your home mortgage interest and property taxes on your return. However, there’s no need to wait until you prepare your taxes next year to find out how much money you’ll save. In fact, you can put more […]

3 Details to Not Overlook on Your Tax Return

You’ve prepared your return, and it’s ready to go. Or is it? Before you hit submit, save yourself some potential trouble later – or even some money on your tax bill – by double-checking these three important detail.

5 Tax Filing Tips to Beat the Deadline

Another year, another tax return. As we inch closer to the filing deadline, you may be scrambling to complete your return. While it is best to beat the deadline, it doesn’t pay to be in too big of a rush. If you miss something, you may pay more tax than you need to, or you may […]

4 Reasons You Should Consider an IRA

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 one, you may be missing out.

6 Ways to Maximize Your 401(k) or IRA Plan Contributions

One of the best money moves you can make this year is maximizing contributions to your deductible or nondeductible retirement plan. Whether you’ve contributed all year or have yet to start, here are a few tips to get the most from tax-advantaged retirement plans.