Most people probably won’t think about it until tax preparation time, but the economy has had an impact on the people that prepare taxes too. Plus, there are more online or software solutions out there that let the basic return become a do-it-yourself job. What’s the result? Tax preparation fees have increased this year!
In a [...]
Perhaps you were convinced in my post earlier this week to adjust your tax withholding so that you can receive more money each month and avoid an income tax refund. Or, maybe you’ve been thinking about adjusting your withholding in the past few years and you’re not sure how, or just haven’t gotten around to [...]
Do you traditionally receive income tax refunds? There are many people who wait in great anticipation to find out how much there income tax refund is going to be each year. To them it is newly found money similar to receiving a bonus check. But in actuality, its earned money delayed in delivery.
Is an income [...]
The Health Care or Dependent Care Flexible Spending Arrangement (FSA) is commonly referred to as a “use it or lose it plan.” This means the amount of money in the plan must be used up by the end of the year or you forfeit the balance. Your employer is not able to pay you the [...]
Changes in November of this past year extended the $8000 tax credit to first time home buyers and added a $6500 tax credit for people who already own a home (repeat buyers). The extension also raised income limitations for homeowners claiming the credit.
Obviously, the credit was getting a lot of attention when it was announced, [...]
By now you may have decided on using a tax professional for your taxes. While you can certainly get your taxes filed at a number of places, working with a CPA may be beneficial. A CPA or Certified Public Accountant has passed certain examinations and met all statutory and licensing requirements in the United States [...]
I’ve wrestled with whether or not to prepare my own taxes in the past quite a bit. While I felt competent to manage my finances from budgeting to paying my own home taxes I’ve always had a little bit of concern for preparing my own tax return.
Why? I’m not a tax professional! Primarily, I was afraid I [...]
If you signed up for a healthcare FSA this year you probably know it’s a use it or lose it plan. In other words, if you have a balance at the end of the plan year, you will lose the money if you don’t spend it on eligible expenses. Also, your employer isn’t permitted to [...]
As most people know, the Cash for Clunkers program wrapped up recently. Some view the program as a great success while others see it as a program that has put America deeper into the arms of debt.
The press release from the Department of Transportation touts the success of a program that stayed within budget, took fuel inefficient [...]
Do you recall how you were first educated in personal finance? Chances are it was right after you got your first paycheck and had to make decisions related to paying rent, a car payment and a new student loan. This is common in America today. Most of us didn’t receive personal finance education in high [...]
Friday, February 19, 2010
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