Personal Finance and Lifestyle Guide
Are you over 50? If you are, you might qualify for a number of tax breaks when you file your 2015 income tax return. Typically, being 65 or older is when you really begin to reap the benefits of age as it applies to tax breaks, but it is not uncommon for those 50 and […] More
One of the most commonly asked questions regarding your income taxes is whether or not it’s all right to file an extension of time. Form 4868 is the Application for Automatic Extension of Time to File U.S. Individual Income Tax Return forms, and it is perfectly legal. This is a form for those who might […] More
No one is perfect; remember that. We all make mistakes, and we all learn from them. I know that when you are expecting a refund from the Internal Revenue Service after filing your 2015 income tax return, nothing feels like as big a mistake as accidentally entering your bank account information for a direct deposit […] More
April 15 is the tax deadline. Your income tax returns must be filed online by 11:59 pm that night to avoid penalties, or you have to have them postmarked that day to avoid the same penalties. Except, it’s not always the case. Your 2015 income taxes are due in April 2016, but that doesn’t mean […] More
With tax season closing in just a few short weeks, many tax filers are left wondering how they are going to finish their income tax return in time, and how they are going to find someone to do their income taxes for them. If you are a simple filer without much more than a W2, […] More
It’s not something that happens all the time, but it does happen. You work so hard to file your income tax return before the deadline. You get your paperwork together, you crunch the numbers; you check and recheck your return to ensure you did not overlook any important deductions or credits, and that there are […] More
Not everyone makes millions every year; in fact, most of us make slightly (significantly) less than that each year. While it’s not true in every case, it’s typically the single-income families that make the least amount of money every year, and also the ones who have some of the most difficult issues with their taxes. […] More
Married couples have the choice of filing their taxes jointly or separately. What is the best option for you and your spouse? Generally, it is to file jointly – but there are several factors to consider before making your choice. Obviously, the first hurdle is that you have to be married. For tax purposes, you […] More
If there are two things in the world people dislike more than most anything, it’s taxes and credit card debt. On that note, don’t pay your taxes with your credit card. It should be that simple, but for many it’s anything but. Ideally, we would all figure out precisely how much money we owe the […] More
With tax season coming to a quick close in just under a month, many filers are busily preparing their paperwork to file their income taxes at the last minute. With the kids beginning spring break and Easter all happening in the next few weeks, it’s easy for many taxpayers to just hold off on filing […] More
Positivity determines happiness, so we are trying something new around here; we are going to view things from a more positive perspective. The news is filled with terrible news and horrible crimes, bad people are everywhere and even our kids are beginning to ask uncomfortable questions about the world. We don’t want to live in […] More
Reducing tax liability is probably the most important consideration for anyone filing their 2015 income tax return. While most of us are able to claim at least a few credits and deductions, disabled filers have the opportunity to claim their own deductions and credits that make it much less expensive to file income taxes. Each […] More