Posts listed under tag
taxesWe all know that April 15th is the big day. The big tax day that is. But have you been planning for the tax year end? December 31st is the real date you should be anticipating when it comes to tax planning. With a little foresight, you could easily reduce your tax bill when April […]
May and June are the months to celebrate graduations – to some, the beginning of adulthood. Whether you are graduating from high school or college, there are certain money tips recent grads should follow to get started on the right food – and avoid debt and other financial problems. Here are our top five picks: […]
Are you overwhelmed or confused about filing your taxes? Don’t fret – you still have time! And we have compiled a list of tax filing tips, along with irs.gov, for your use! Take these tips into consideration when filing your taxes this year: Consider filing electronically. If you file electronically and choose to have your […]
Tax rates have changed this year, and many people will see a slightly smaller tax bill due to this temporary reduction in Social Security taxes. This translates into an increase in your take-home pay. Instead of spending this money, start (or increase contributions to) a retirement plan. You can also always begin a savings plan. […]
As reported on abcnews.com, here are some tips on savings for the upcoming tax season: Invest in a retirement fund – most tax experts suggest this because it is an easy deduction. Taxpayers may invest in an IRA account until April 15 or a 401k plan until December 31. Charitable giving – this is good […]
Are you still working on your tax return? With the deadline very close at hand don’t fret, but take these tips that the IRS offers into consideration while finishing your tax returns. Consider filing electronically. If you file electronically and choose to have your tax refund deposited directly into your bank account, you will have […]
Last week we discussed why tax breaks are a great motivation to contribute to a 401(k). In this fourth and final week, we will discuss our last reason why you should contribute. Reason number 4: Your money can go with you, job to job – If you change jobs, you can put your money into […]
We are now on week 3 of our 4-week discussion. Last week we discussed how automatic payroll deduction makes it easy to save with your 401(k). This week we will discuss yet another reason why contributing to your plan is a great decision! Reason number 3: Tax Breaks – Contributing to your 401(k) plan can […]