For many Americans, retirement is a mixed bag. On one hand, countless seniors enjoy the flexibility and freedom retirement offers. On the other hand, finances, or a glaring lack thereof, are a major concern for older Americans, especially since so many go into retirement ill-equipped to live off a fixed income. Here's some key data [...]
How Does an LLC Owner Get Paid? The limited liability company (LLC) is a peculiar form of business type, and a recent addition to the types of businesses. There are two types of LLC's - a single owner LLC (called a "single-member LLC") and a multiple-owner (multiple-member) LLC. As a member of an LLC, either [...]
11 big tax mistakes to avoid Mistakes are part of life, but try not to make them part of your tax return. One misstep could hold up your tax return — maybe even your refund — for weeks or months, and you might even end up on the hook for interest and penalties. Here are [...]
Apple iCloud ransom demands: The facts you need to know. Welcome to the wonderful world of security nuance. Hackers are demanding Apple pay a ransom in bitcoin or they'll blow the lid off millions of iCloud account credentials. Beyond the primary headline, however, there are a bevy of loose ends and nuances to ponder. So [...]
How to get your biggest tax deduction The IRS says the money belongs to an estimated 1 million taxpayers who didn't file 2013 returns. Doubling up on your deductions can be a really smart move. At tax time, you always want to pay as little in taxes as you can. Taking advantage of the best [...]
A recovering addict and single mom took her $5,600 tax refund and used it not to splurge on the latest gadget, but to pay her rent—for the entire year. Christina Knaack put a photo of the rent check on Facebook Wednesday and explained her reasoning behind the move in a post that's since gone viral, [...]
If you got married, had a baby, went through a divorce, picked up a side gig or were widowed in 2016, there was a lot to keep track of. One of the biggest items is to tell the IRS. In all of those situations, there are important tax consequences to your return. Here's a look [...]
What’s your tax bracket? It’s actually a bit more complicated than it sounds. Sure enough, 39 percent of people in a recent survey answered that question with one of their own: Huh? Seven percent of respondents didn’t know what a tax bracket was. That’s according to a NerdWallet survey of 1,800 U.S. taxpayers conducted by Harris Poll. Confusion [...]
If you want to save on your taxes, you should take the biggest deductions you can. Most people take the standard deduction, unless itemizing deductions will give them a larger tax break. Before you just follow the math, however, you should be aware that there are a few situations in which it might be worth [...]
On the back of the gig economy, making ends meet has taken on many forms. From Uber drivers to freelance web developers, there's a growing group of 1099 workers in the labor force – some have a side job in addition to a permanent position, others have become full-time contractors. In either case, the percentage [...]
