Money Today That Matters Tomorrow
Many people overlook possible tax deductions when they file their income tax returns. One of the many deductions that people miss is the sales tax that was paid on a new or used car. This is a tricky deduction, however. You can claim sales tax paid or state income tax withheld, but …
Raising a child in todays world is not cheap by any means. Estimates for raising a child from birth through college in a middle class household range from $200,000 to $400,000. The Brookings institute recently said that with the higher than normal levels of inflation, the cost of raising a child …
For the majority of tax filers mid-April is the deadline to file their tax return. Even if you don’t have enough money to pay your entire tax liability you must take action. Inside your head, you scream, “I need more time!” But before you stress out realize that the IRS offers …
[Updated with latest IRS limits] A year or so after starting my small business and completing my first annual tax return that showed a slight profit, my accountant advised that I start looking into a retirement account/plan for my business in order to lower my overall tax bill and also …
I regularly receive reader questions asking me to clarify the difference between a Roth IRA and Traditional IRA plan. Both are excellent retirement investment vehicles, but based on your income and tax situation one may be a better first choice than the other. Shown below is a table with some key differences …
Uber, now a verb in the dictionary, is the revolutionary ride hailing service (think taxi on your phone) that millions of people use daily. You basically request an “Uber” via your smartphone, it shows up and drops you off to your destination and your credit card (already on file) is …
A few weeks ago life was good and things were going along swimmingly. I could go to Whole Foods and pick out whatever organic produce I wanted without looking at the price tag. My wife and kids could shop without waiting for a holiday sale. Date nights were at nice …
With the deadline for the primary part of the tax season upon us make sure you file in time to avoid penalties or submit a free extension request for an October filing date – you still need to pay any taxes due. If you have filed you hopefully have gotten your tax refund …
California’s Employment Development Department (EDD) manages the Unemployment Insurance (UI) and State Disability Insurance (SDI) programs for the State of California. This includes all the systems, programs and processing of unemployment claims funded at a state and federal level. I have provided some FAQs and tips to help get your …
With so many people experiencing high levels of frustration around getting information on their tax refund, I thought I would take consolidate feedback and tips across various forums and post some practical ideas on how to contact the IRS and get a live agent on the line. Note that for …
You filed your return in a timely manner and were waiting for your refund to be sent within the standard timeline that the IRS promises. But alas, it has been much longer than that and you are wondering, “Where is my DAMN refund!” In several recent cases it appears that the IRS …
With stimulus check and other tax credits like the advance CTC payments now only being paid via tax return filings, based on past year tax returns and adjusted gross income levels, many eligible recipients have scrambled to amend tax returns to get these payments as a refund payment. The good …
With the markets rocky, US and global economies facing headwinds and a presidential political campaign in full swing, choosing how to allocate your current and future retirement savings for the medium to longer term is no easy task. But rather than just leave your current 401K and IRA allocations as is …
People are again getting very frustrated with delays they are seeing around getting their federal tax refunds. Despite the IRS saying that 9 out of 10 refunds will be processed in under 21 days, there have been a lot of people who seem to waiting a lot longer than the standard …