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Don’t Be Late! Federal Income Tax Due Dates to File Taxes for 2014

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We’re now into that time the year that accountants and other tax preparers refer to as “tax season.”

For the rest of us it’s panic season.

We scramble to get together our tax documents and hope that we won’t have to pay taxes.

How many of you have filed your return the day it was due?  I’m raising my hand (not easy to type like that).

Stressful, isn’t it?

Add to the stress the fact that not everyone files taxes the same.  Some are individual filers while others file as self-employed.  Corporations file taxes too (and they have a different due date).

But the tax deadlines aren’t all the same in every case.  It’s enough to make your head spin, wondering “when are the tax due dates for my taxes?”

Below you will find Federal Income Tax deadlines for 2014.  Use these due dates to your advantage and plan enough time to prepare your taxes before they are due. Continue Reading

Why Getting a Large Tax Refund is Bad

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The stress of doing your taxes is over.

You filed all of your forms and to your joy you’re getting back a tax refund.  And it’s a nice sized one too!

It’s awesome, right?

Not so fast.

Getting a lump sum payout after filing your taxes feels great.  But I’m going to show you that it may not be as great as you think.  There are better ways you can use your money (and it is your money).

Read on as I tell you why a large tax refund is bad. Continue Reading

Where Can I Get IRS Tax Forms (or Where Can I File Free)?

Where can I get tax forms?

Remember when you used to get a package of small booklets in the mail at the beginning of the year?  

They had those real thin pages, like newspaper and there would be official computer forms included.

Well those packets, your IRS 1040 tax forms for the previous year, haven’t been mailed out since 2011.

According to the IRS, fewer and fewer taxpayers have been receiving tax packages in the mail in recent years.  In fact, in 2010 only 8 percent of individuals who files taxes received tax forms in the mail.

Wow, have times changed!
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Frugal Vs. Cheap: Which Are You?

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Frugal, cheap, tightwad, miser, tightfisted, penny pincher. . .

We tend to use all of these words interchangeably to refer to people who are tight with their money, but there is a distinct difference.

The Definition of Cheap

Cheap has a negative connotation, as does tightwad, miser, and tightfisted, perhaps with good reason.  If you look up the meaning of cheap, you’ll see it says, “giving or sharing as little as possible” (Merriam-Webster).

Scrooge in A Christmas Carol is the perfect example of someone who is cheap. 

He does whatever he can to hoard as much money as possible and does not want to share with others.  We’ve even coined a term for people who don’t want to share or aren’t charitable–scrooges–after the character in A Christmas Carol.

I had a friend in graduate school who, if he took a girl out to a dance club, would only take her when it was ladies’ night and the woman got in free.  Then he expected his date to split his cost to get in!  When he took a date out to eat, he only went during happy hour and would only order off the appetizer menu so he could get the food half price.
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Quicken 2014 Deluxe for Windows Giveaway

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Not long ago we told you about the awesomeness that is Quicken Deluxe.

It’s a great bit of software that helps you track your money and create budgets (among other things).  If you’re looking to better understand your money then Quicken is one of the programs you need to check out.

Why am I telling you this?

I was given a promo code for a free copy of Quicken Deluxe 2014 to give to one of my excellent readers!  That could be you! Continue Reading

The Grow Your Dough Throwdown – Investing is Easy

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Have you heard of the Grow Your Dough Throwdown?

Imagine being able to pit your investment prowess against other people for a year to see whose investments came out on top.  Those other people are personal finance experts too, so they just might know how to handle money.

Sounds like it would be fun, right?  Well, I think so.  That’s why I’m taking part.

The Grow Your Dough Throwdown – Proof Investing Is Easy

Jeff Rose created the Grow Your Dough Throwdown.  He asked a bunch of personal finance bloggers to join him in the challenge and to help spread the word.  Here’s what the Throwdown is all about…

The goals of the throwdown are four-fold:

  1. Show how easy it is to invest
  2. Give a glimpse into the many options you have to invest
  3. Present a number of different plans you can use when investing
  4. Help make you understand that you can invest on your own.

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Don’t Let Your Goals Fizzle Out! – 5 Reasons Goals Fail, and What You Can Do To Make Yours Succeed

Instead of focusing on the process, focus on the end result.

It’s become a yearly ritual for many: Set ambitious goals for the New Year, tackle them enthusiastically for a few weeks, and then give up on them completely by March.

This is a vicious cycle that encourages you to feel bad about yourself, and feel as though you’ll never get out of your rut.

Whether you are setting goals for your finances, or whether you are attempting to substantially improve your life, the yearly attempt (and subsequent failure) associated with resolutions can be frustrating.

If you’re ready to break the cycle, it helps to understand why you fail, and what you can do to create success in your life.

Here are 5 Reasons Goals Fail — and What You Can Do to Overcome the Pitfalls of Resolution-Setting and Succeed This Year:

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