All Entries in the "Taxes" Category
Political Donations Aren’t Tax Deductible?
Tweet This is a guest post by J. Money covering for me while I’m on vacation. J. Money writes for budgetsaresexy.com – A laid back finance blog of a guy just trying to spice things up a bit. He also finds budgets….well…sexy! You can sign up to his feed here if you like what you see. [...]
Generation X and Taxes: Who Pays More, the Rich or the Poor?
Tweet This is a guest post by Michael Rubin. Michael Rubin, CPA, CFP, is the author of Beyond Paycheck to Paycheck (a book I recently reviewed) and the blog of the same name features a unique easy-reading conversational style, one you’ll find in this post. You can see Michael live in New York, Philadelphia, Los [...]
Make Sure You’re Taking Advantage of the Additional Tax Credit on IRA and 401k Contributions if Eligible
Tweet Did you know that you may be eligible to receive an additional tax credit on contributions made to a traditional IRA or other pre-tax retirement account? Depending on your income, you may qualify for up to a 50% tax credit that is in addition to the before tax benefits already applied to the contribution. [...]
Your Tax Dollars at Work: $42 Million Just to Mail Out Tax Rebate Reminder Letters
Tweet It doesn’t matter where you fall on the political spectrum, but you probably understand that government spending can be incredibly wasteful. There isn’t a better example than this mailing about to go out from the IRS just to inform people that they might be getting a rebate check later this year. That’s right, the [...]
Dealing With the Alternative Minimum Tax (AMT)
Tweet When it comes to taxes, there is a three-letter abbreviation that is even more vile than IRS, and that is AMT. AMT stands for the Alternative Minimum Tax, and while it doesn’t sound too harmful, you really don’t want to pay it. The AMT was enacted by Congress in 1969 as a way to [...]
Do You Itemize Tax Deductions? You Might be Able to Deduct Some of Your Vehicle Registration Fees
Tweet Do you get irritated at how much it can cost to register your vehicle(s) each year? The good news is that you may be able to get some of that money back in the form of a tax deduction. That’s right, if you itemize your deductions on Schedule A, and your registration fee is [...]
A Few Good Reasons Why You Should Pay Your Taxes
Tweet Last week I wrote about what bills you should pay first, and taxes were near the top of the list. Uncle Sam wants his money, and as much as we hate giving it to him, it is important to not only pay your taxes, but to pay the right amount. The latest edition of [...]
For a Good Time Call 1-800-829-1040
Tweet While this number may not provide the thrills of calling the number etched on the bathroom stall it could wind up saving you money. This is the toll-free number for the IRS tax question line. With this number you can be put in touch with someone right at the IRS who can assist you [...]
Tax Filing Deadline is April 17th but When Should You Mail Payment if You Owe?
Tweet Click here if you’re looking for information on the April 15th Deadline for 2008 Tax time is quickly approaching and I’m sure many of you who were scheduled to receive a refund have already filed and even cashed the check. For those of us who owe money this year the deadline that is looming [...]
Where Do Your Social Security Tax Dollars Go?
Tweet Social Security taxes, or FICA (Federal Insurance Contributions Act) is generally just an item you see on every pay stub. These taxes cover both Social Security and Medicare benefits. We have become almost numb to the number because we can’t do anything about it. If you work, you will pay this tax. You can’t [...]
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