A Personal Finance Blog for Regular Folks
This year, you have until April 15 to file your tax return (some years the date is off).
But that doesn’t mean that you’re ready to file.
You might want a little more time to get things together, or you might need to make changes to an already-filed return.
It is important to understand the difference between a tax extension and an amended return.
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 more…] about 5 Reasons Getting a Large Tax Refund is Bad
For many small business owners, being able to find every advantage is important — especially during tough economic times.
What many small business owners don’t realize, though, is that there are some provisions that help them save with their businesses.
The Small Business Jobs Act of 2010 provides you some opportunities to reduce your tax liability, saving money for your business.
If you qualify for the provisions in this law, the money you save can be used to go back into your business, helping you grow. Plus, the tax breaks can help you stay afloat when you are struggling.
Here are some of the ways the Small Business Jobs Act of 2010 can help your business:
[Read more…] about How the Small Business Jobs Act of 2010 Can Help You Save with Your Business
[Here is a review of TurboTax 2010 online tax preparation software] Below is the 2009 version.
Back when I started working and had to file taxes I would go to the library to pick up the necessary forms. I’d set aside an afternoon to go through the 1040’s and see what I needed. Then I’d spend the rest of the time getting my head around the forms and carefully filling out what was needed. My taxes weren’t complex and there was no online filing back then (did I just date myself a bit?). It still made my head spin a bit but that’s what I had to do. A few years later I discovered TurboTax. It was an expense to use at the time, but it was well worth not having to go through all of the forms figuring out what to fill out where.
[Read more…] about Monster TurboTax Online Tax Software 2009 Review
On behalf of the government I’d like to thank you for your generous taxes.
Thank you for paying too much in taxes every paycheck. We love the interest free loan! We’re trillions in debt and every bit helps. When we borrow from other countries by selling Treasuries we have to offer them interest for the loan. Can you imagine what the interest on trillions in loans comes out to?!? But by not adjusting your W-4’s you help to keep the United States afloat, if only a little bit.
[Read more…] about The Government Thanks You For Your Taxes
