If you're diligently working towards financial freedom, a significant amount of your income is undoubtedly being funneled into retirement accounts. The government has rules pertaining to how much a person can contribute towards retirement accounts, … [Read more...] about IRS Retirement Contribution Changes for 2017
With it being mid-June, tax returns were due months ago and it's way to early to think about next tax season, right? Well, not exactly. There are several reasons why you might be thinking about taxes right now, one of them being the quarterly … [Read more...] about IRS Announces Interest Rates for 3Q 2016 and How It May Affect Your Tax Bill
My 2015 tax returns have been filled out, submitted and accepted - I used TurboTax. It feels good to be able to put a check mark next to that on the todo list, and now we can all just forget about taxes for a whole year, right? Maybe … [Read more...] about If You Owed The IRS This Year, The Time To Take Action Is NOW!
If you do your own taxes using tax preparation software, and you've already completed your return, I hope you didn't pay full price for the software. If you do your own taxes using tax preparation software and you have NOT completed your … [Read more...] about Do NOT Pay Full Price For Tax Preparation Software
I dove into the task of doing my taxes over the weekend. It's a little out of character for me to start this early, but my wife really wanted to get it out of the way. I've found the bulk of the time and effort is actually gathering the needed … [Read more...] about 6 Pieces Of Information You MUST Have Before Doing Your Taxes
It's that time of year again when we hear terms such as W-2, 1099, and 1040. Tax season is here, and it's about to go full tilt. Some will get a refund, but some will owe money to the IRS. Owing the IRS a significant sum of money could be a surprise. … [Read more...] about Taxes Season: What Should You Do If You Can’t Pay Your Taxes?