Archives For Taxes

Better Ways to Invest Your Tax Refund Money

May 15, 2013 — 7 Comments

Did you get your tax refund money back yet? Did you know that the average person receives a refund of nearly $3,000? If you are receiving a check for three grand, what on earth do you plan on doing with that kind of money?

Tax refund

Investing Tax refund

I know some people would spend it foolishly by taking a lavish vacation in the Caribbean or for a season golf membership. I am not saying those are bad things, but there are plenty of better things that you can do with that chunk of change.

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21 Tax Return Mistakes to Avoid This Year

January 21, 2013 — 12 Comments

There is one thing that raises blood pressure for everything and that thing is the annual tax payment. People work more for the government than for any other person or company and they usually work from January to June just to pay taxes.

Tax Tips

1. Never pay more taxes than you really need. Never pay less taxes either. Do your math correct and at least twice review the return before filing.

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Know more About Injured Spouse Tax Relief?

September 22, 2012 — 1 Comment

The following is very informative guest post from Shruti Kumar, I hope none of my readers ever face this situation but, in case, if your spouse gets injured, this article might be helpful from injured spouse tax credit perspective.

Tax Credit

Some of us may be confused between injured spouse relief and innocent spouse relief. They may sound similar but are quite different when you want to make a claim. In the injured spouse clause one can claim tax relief when the IRS keeps back a joint refund which is due to you to meet the debts or responsibility of the other spouse.

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2012 Tax Rates and Tax Brackets – Know Your Bracket

May 9, 2012 — 11 Comments

Welcome reader! In this article, we will have a discussion around the 2012 tax brackets, tax rates and standard deduction. Fortunately  this year there were no increase in taxes as such, perhaps it’s due to presidential election year. The (in)famous ‘Bush era tax cut’ still continues. But, the ultra rich, watch out for next year though.

Note: This article covers tax information for 2012 tax year. which will apply to the returns due Monday, April 15, 2013.

 2012 Tax Brackets

Hope this helps determining your taxes for 2012

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In Income Tax, Tax Return ,
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Roth IRAs vs. Traditional IRAs: For Filing Taxes and Your Retirement

March 22, 2012 — 2 Comments
This is a guest post from Kellie Englehardt, she sent me this post yesterday and asked if I accepted guest posts. After reading this and gauging its usefulness for your tax return, I decided to publish immediately. 

I sincerely hope at least some of my readers would definitely find it useful. usually I do not post on Thursdays, making an exception today. Enjoy and learn the following.

This year, taxes are due April 17, less than a month away. With the deadline quickly approaching, many people are wondering how they can cut their tax bill. One thing you can do, according to the IRS, is contribute to an IRA. A contribution will not only reduce your taxable income, but it will generate retirement savings as well. It’s a win-win situation.

The great thing about IRAs is that if you contribute before the tax filing deadline, the contribution counts toward your taxes.

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In IRA, Retirement, Roth IRA , , ,
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