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Archive for the 'Taxes' Category

Technical Difficulties

My apologies for the recent technical difficulties. I’m back up and running. That said, I spent Saturday doing our taxes. There are a few forms that we’re waiting on (I’m looking at you ShareBuilder) but other than that, we’re done. While we owe less than I thought we would, it’s still a bundle. Therefore, we […]

There’s Always a Catch

( Taxes )

photo credit: kstephen1752 Most of you probably remember the new tax credit that went into effect earlier this year. The Making Work Pay credit automatically decreased your withholding and put a few more bucks in each paycheck. Easy, right? Well not as easy as you probably thought. In order to claim this tax credit (assuming […]

Confessions

( IRA andTaxes )

photo credit: cacophony76 Okay, I’ll confess.  I’ve been a bad girl.  While I PREPARED our taxes back in February, I have yet to file them.  I’ve always wonddered about those last-minute filers and now I am one.  Rest assured,  I won’t be one of those people in line at the post office at 11:55pm though.  […]

Nothing Much

( Contests andMortgage andTaxes )

I forgot to announce the winner of last week’s book giveaway!  Product Junkie Diva, please e-mail me with your mailing address. Tax season can be somewhat busy for me.  In addition, I recently returned from a long weekend of skiing.  Therefore, I haven’t been doing much with  my personal finances.  I have noticed that mortgage rates […]

‘Making Work Pay’ Tax Credit Effective This Week

( Saving andTaxes )

photo credit: AMagill The American Recovery and Reinvestment Act of 2009—the new economic stimulus law signed on Feb.17—includes a key provision that impacts tax withholding amounts in employee paychecks. This provision, the “Making Work Pay” tax credit, requires employers to implement the new tax withholding changes by April 1.  So look for a few extra […]

Top Ten facts about the Tuition and Fees Deduction

( Taxes )

The Tuition and Fees deduction of up to $4,000 is available to help parents and students pay for post-secondary education. Below are ten important facts about this deduction every student and parent should know. You do not have to itemize to take the Tuition and Fees deduction. You claim a tuition and fees deduction by […]

Super Saturday!

( Taxes )

photo credit: TheeErin No, I’m not talking about my weekend.  On Saturday, March 21, 2009, approximately 250 IRS Taxpayer Assistance Centers and hundreds of community free tax help sites nationwide will open their doors to assist people. People who earn $42,000 or less are eligible for free tax return preparation at either the IRS TACs or the community partner […]

Five Important Tax Credits

( Taxes )

Check it out! You might be eligible for a tax credit. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are even refundable. That means you might receive a refund rather than owe any taxes. Here are five popular credits you should consider before filing your 2008 Federal Income Tax Return: 1. […]