Money Today That Matters Tomorrow
With tax season underway, lots of taxpayers are keen to get an update on their refund processing status’ on the IRS’ Where is My Refund (WMR) website or on the IRS2Go mobile app. These tools provide taxpayers with three key pieces of information: IRS confirmation of receiving their tax return, approval …
On one of my more popular articles answering the question, “Where is my refund? ” I got the following representative comments which was the genesis of the title of this post. So I thought I would take some time here to address the obligations of these online tax providers when it …
For the 2015 tax year, the Obamacare or Affordable Care Act (ACA) shared responsibility is set to double from a maximum $975 per household in 2014 to approximately $12,850 per household. This is based on the percentage of income criteria, versus the flat tax/penalty amount outlined below. To avoid being …
The IRS has released some useful reminders when it comes to tax rulings and obligations around the Affordable Care Act, or Obamacare as it is more commonly known. For the vast majority of taxpayers providing proof of health insurance coverage (and avoiding a penalty) will simply mean checking a box to …
State Disability Insurance (SDI) provides a way for disabled workers to receive income if disabled due to disabilities that prevent them from working and earning a living wage. Employee payroll deductions which are deducted from paychecks fund the various state disability programs . To qualify for the state maximum weekly benefit …
One of the things that confront many adults today is a lack of experience with how stock markets work or which stocks to invest in. In a number of cases this can be attributed to not being exposed to the stock market and equity investing at an early age. Think …
You can see the latest EIC tables in this updated Earned Income Tax credit (EITC) page [Updated] Below are the final IRS published 2016 and 2017 Earned Income Tax credit (EITC) figures. You can reference IRS publication 596 or use online tax providers like TurboTax or H&R Block to get a free estimate of the specific …
The IRS has released its latest individual employee contribution annual limits for those participating in employer sponsored retirement programs covering 401(k), 403(b), 457 and Government Thrift Savings (TSP) plans. Changes are shown in the table below. The contribution limits are indexed to inflation and as a result are adjusted annually by the …
This article provides a summary of changes and updates to IRS Federal tax rates and brackets. These adjust annually in line with inflation, under the tax code, to provide for mandatory cost of living adjustments (COLA). You can see the latest updates by year below. 2026 Tax Brackets (for 2027 …
[2016 updates] 2016 health insurance premiums under the state and federal health care system (Affordable Care Act) are rising. No doubt about that. The question is by how much. Recent reports and have a broad range (from 6% to 15%) as health insurance companies have started submitting requests to the regulator (insurance …
Here are some of John C. Bogle’s, former CEO of the Vanguard Group and founder of the “index” fund, timeless investing lessons and market philosophies. I know it reaffirmed some of my changing views around investing and saving for retirement. 1) Beware of market forecasts, even by experts. As the new year begins, …
NOW is always a good time to reassess your financial situation and try and determine how you can improve your personal finances. Based on my experiences and observations, here are five simple and relatively cheap strategies to improve your finances. All it requires is a little discipline and overcoming normal procrastination …
There has been a lot of publicity of late around electronic security breaches with a focus on tax software related breaches. The majority of people file their taxes electronically and with tax returns containing your most sensitive personal information it is no surprise that hacking or compromised data that leads to …
Just a quick money saving tip. If you are looking to upgrade your old iPhone or Samsung then avoid Best Buy and other big box electronic store and go to the network provider (AT&T, Sprint Verizon) for the best deals. See the screenshots below for the trade-in prices I got …