Tax filing season may be the single best argument for living a life of simplicity. The Federal Tax code is arcane, but state tax codes put it to shame. Answering a question as simple as, “Where do I file my state income tax returns?” becomes a confusing labyrinth that leaves the average filer casting about […]
For many people, tax time is one of the most complicated times of the year. April 15 is a busy time for accountants and tax preparers, but it’s also a stressful time for most people. If you’re a student, you might not know what to do – especially if you have scholarships and grants. Do […]
There are so many different options when it comes to tax software, and it can be very confusing to figure out which is best. What makes it even more confusing is that many of the companies “hide” the real cost of their software. You see, most companies are simply advertising the “Federal Return” price, and not […]
If you’re like me, tax season couldn’t come soon enough. You’re either gearing up for a refund or you’re organized and ready to put tax season behind you. If getting a refund is the reason you’re ready for tax season, then you’ve probably heard of early tax refund anticipation loans. If you’ve been debating whether […]
TaxAct is one of the best free and inexpensive DIY tax softwares available. They’ve made some huge improvements that make filing easier.
One of the biggest headlines during the Presidential campaign was about “lowering taxes” on individuals and corporations, and simplifying the tax code. A big argument for this is basically how complex the tax code is. Depending on who you ask, the tax code itself ranges from 2,600 pages long, to over 70,000 pages long. The […]
A chart and schedule that shows you when you can expect your tax refund in 2017. Also, how to check the status of your refund.
There’s a little less than three months left in 2016. You might not think that there’s much you can do to influence your tax situation, but the truth is, there’s still lots of time to save on your taxes before the end of the year. And I’m not talking about going Donald Trump-style and losing […]
Calculating the math behind whether it makes sense to do married filing separately for IBR or PAYE for student loan debt.
You still haven’t filed your taxes so you decide to visit one of the more popular tax preparation places in town. You walk in and immediately see a room full of twenty people (including a few screaming kids) waiting their turn. You turn to the receptionist who tells you that you’re welcome to wait and […]
Over the last few years, I’ve really given a lot of thought to what it takes to get rich and grow wealth. I’ve spoken with countless millionaires, I’ve coached clients through my programs, I’ve helped people on my forums, and I’ve responded to over 5,000 reader comments on this site. In each instance, there are […]
It’s tax season – which means money is on most peoples’ minds. Getting a tax refund is a big part of that driver. Most people hope for a refund and look forward to getting their direct deposits (who gets a paper check anymore)? But doing your taxes can be hard, or so the mainstream media […]
I get a lot of questions about student loan forgiveness and taxes. The questions come in many forms: Will I owe taxes on the amount of my student loan debt forgiven? What will my student loan forgiveness tax burden be? Is the debt forgiven tax free for student loan forgiveness? So, will I pay taxes […]
If you’re one of the 80% of taxpayers who will be receiving a tax refund this year, chances are you’re debating what to do with the money (you can find out when you should expect to receive your tax refund). Rather than spend the money frivolously, why not use it to boost your bottom line? […]
Today is tax day. If you have finished your taxes yet, you should be a little worried. But you don’t have to panic yet – you technically have all day to get your taxes in. In fact, if you’re old fashioned, you can mail your taxes all the way up until midnight at some post […]
There’s no doubt, tax time isn’t fun or anyone. It can be stressful to make sure that your math is all correct, that you’ve filled out all your forms correctly, and that everything is in on time. And of course, on top of that, there’s the stress of owing money to the IRS. Fortunately, there […]