Tax season is a great time to make sure your Social Security benefits statement accurately reflects your earnings history. You will have all the documents you need at your fingertips to correct any mistake. The annual statement details how much you earned each year to estimate monthly benefits, which are based on an average of your [...]
The April 18 tax-filing deadline is looming, and many corporate executives, attorneys and other professionals earning high salaries are seeking to save more money and cut their taxes. There is a great strategy that they could be overlooking that may save significant taxes in retirement: setting up a Roth Individual Retirement Account. Roth IRAs are [...]
To paraphrase one of the great musings of the American businessman and investor Charlie Munger, you don’t have to touch an electric fence to learn not to do it. In other words, it’s better to learn through observation and the mistakes of others than through making the mistakes yourself. For this reason, Millennials should take [...]
The April 18 deadline for filing federal income tax returns is less than three weeks away. Taxpayers who think that they will not complete their returns on time may want to consider filing extensions. A quirk of the calendar is giving taxpayers more time to file their returns this year. (The traditional filing day, April [...]
Marriage proposals and weddings are joyous events, but for many couples the thrill of putting a ring on it also means saying “I do” to a higher tax bill. The reason is what the tax industry refers to as “the marriage penalty” — a discrepancy that causes some married couples to pay more combined income [...]
Spring cleaning is a perfect time to get your financial house in order Monday is the first day of spring and thoughts of spring cleaning may be on your mind. In addition to sprucing up your home for the upcoming warm weather, it might be even more important to take some to time to spruce up your [...]
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, [...]
