While driving home from work the other day, I was listening to a call-in show on NPR. A woman called to find out the best way for her family to save money for their child’s college fund. It made me think about how expensive our little bundles of joy can be. The good news – kids don’t always separate you from your money – sometimes they actually help you keep some! Here are a few ways your kids will help fatten your wallet come tax time.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
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Repaying the 2008 First-Time Homebuyer Tax Credit
Did you take advantage of the first-time home buyer tax credit in 2008? If so, you have to pay it back. I wish I was lying, but like George Washington, I can’t tell a lie. Also like George Washington, I have wooden teeth. But all the wooden teeth in the world can’t get me out of paying back this interest-free loan. If you’re in the same boat, read up on the details of this credit and the repayment requirements.
Major Tax Deductions Left in Limbo
Lawmakers have a plate full of leftovers from 2011 to keep them busy for a while. Even though the New Year is supposed to mean reforms and changes for policymakers, there is still some unfinished business left over from before the ball dropped in New York. More than 50 expiring business and individual tax breaks are still in limbo.
End of the Year Tax Tips: 8 Tips to Help You Save
Great article in the Detroit News today that we wanted to share here with our readers. It’s about taking advantage of any tax deductions you might be eligible for by the end of the year.
Tax-Deductible Charitable Donations – Everyone Benefits!
It’s that time of year again. The spirit of the holidays inspires charitable giving. This is the time when those of us who are fortunate enough to have what we need – and sometimes more – really feel the desire to share our wealth (meager as it may be). And, don’t delay. If you donate before the end of the year, you can claim your donation(s) on your 2011 tax return.
Government Pushes for Healthy Lifestyles Through Taxation
U.S. officials continue an initiative to limit unhealthy lifestyles through taxation, growing awareness of the dangers surrounding tanning and fattening foods.
The Basics of Tax Credits and Deductions
Does the thought of paying taxes send a chill up your spine? Find out how you can benefit in April from tax credits and deductions!
The Difference Between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
What’s the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy? We’ll review the court process and what you can expect if you declare bankruptcy.
Why Borrowing from Your 401(k) is a Bad Idea
Should you borrow from your 401(k)? Learn reasons why borrowing from a 401(k) is a bad idea. You shouldn’t have to risk your future for your lifestyle today.
Tax Relief For Hurricane Irene Victims
Hurricane Irene left federal disaster areas in its wake. The IRS is delaying certain deadlines for taxpayers who own a business or live in these areas.
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