What would you do if you received a $1,000 in tax refunds? Would you use it for something fun like taking a vacation or put it toward your retirement?
Households making $40,000-$50,000 annually will face an average tax increase of $579, while those making $50,000-$75,000 will experience an average tax increase of $822.
When I bought my first home in 1998 for $92,000, I was told by the real estate agent, the home owner and the mortgage company that my annual property taxes on my home would be $700. That was what the lady who sold me the house was paying. Made sense to me. Didn't work out that way.
I have handpicked some of the apps in the Finance category that you should definitely try on your iPhone/iPad or even Android devices.
Yesterday, the House Judiciary Committee held a hearing on a proposed bill that would allow states to require online retailers to collect taxes at the point of sale.
Are you an avid online shopper? There’s a wave of support, from both states and Congress, to enact an e-sales tax that would create a streamlined and simplified tax system requiring consumers to pay state taxes on online purchases.
Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future ability to obtain home loan financing.
Great infographic from our friends over at MintLife. Frankly, I love it. It guides you through a flow chart (Joel said it was a decision matrix, but I'm old so I'll go with flow chart) which asks a series of questions and then lands you on the perfect way to spend your tax refund.
In an article published by Bloomberg this morning, it has been reported that the cost of one of the most expensive individual tax breaks is shrinking. I’m not talking about the tax-free health insurance contributions, which alone will cost the government $1 trillion, or exclusion of net imputed rental income, which sends the government a $50 billion bill every year.
Stress is pretty much inevitable, but since tax season is just coming to a close, it's likely you're now feeling the after-effects. Let’s run through a list of easy things you can do to get some relief (before you feel compelled to get into a boxing match with your wall).