Being your own boss comes with a variety of perks. But it also forces you to handle work typically taken care of by a human resource or finance department. For example, you have to find your own health care plan and deduct taxes from your paycheck. And, when it comes to saving for retirement, it’s your responsibility to start a savings fund.
4 Ways to Manage Old Employer-Sponsored Retirement Plans
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If you’re like most Americans, you’ve changed employers a few times throughout your working career. In fact, the average person switches jobs 12 times during his or her lifetime! While job hopping can get you a variety of experience, it can also create some complexity managing your finances – specifically when it comes to the […]
5 Ways to Use Your Tax Refund to Grow Your Wealth
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If you’re part of the 54 percent of American taxpayers anxiously anticipating a tax refund this year, you should have an action plan for that money once it hits your bank account. According to the IRS, the average refund last year was $2,860. That’s a nice chunk of change that can have a huge impact […]
Spring Clean Your Finances and Reach Your Money Goals
As the itch to shake off the winter doldrums sets in, you’re likely ready to jump head first into spring cleaning. But, while you are busy purging closets and cleaning out drawers this spring, it’s important to remember your finances may need a little sprucing as well. With the tax filing deadline past us, this […]
4 Reasons You Should Consider an IRA
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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.
What is Form 1040A?
Learn about the filing requirements for Form 1040A, including the types of income you can report, from our own TaxAct tax guru.
Do I Need to File a 2016 Tax Return?
It’s time to file your taxes again! Or is it? Not everyone is required to file a federal income tax return every year – even if they had some taxable income. Ask yourself these four questions to determine if you should file a return for tax year 2016.
6 Ways to Maximize Your 401(k) or IRA Plan Contributions
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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.
4 Ways to Lower Your Taxes Before the New Year
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It’s easy to only think of taxes during tax season. However, anyone who is financially savvy knows making changes throughout the year can give you the best chance to make a difference in your tax bill. With more than a quarter of the year left, now is a great time to make small adjustments that […]
