This is an article by Carol Topp, CPA. Carol is the mother of two teenage daughters and she lives in Cincinnati, Ohio. She discusses teenagers and taxes at http://TeensandTaxes.com. Bonnie had been adding her son’s interest income to her tax return for many years. That was a $1,000 mistake. She was overpaying Uncle Sam and […]
Archives for January 2010
3 Reasons Why A Big Income Tax Refund Is A Horrible Thing
Over the next few months we will be taking a long and laborious journey through the perilous tax season. But, some of you are giddy with excitement. You think you are finally going to get something of value from the government – an income tax refund. All year you’ve been waiting for this moment. Now […]
It’s Morphin’ Time: Transform Your Financial Life
You may recall a popular children’s television show several years ago that was called “The Mighty Morphin’ Power Rangers.” The characters were unique in that they were average, ordinary people, but when they came together they would morph or transform into new form with special powers to fight off evil forces. In the book The […]
2010 Roth IRA Conversion Rules
Over the past week we’ve been writing quite a bit about retirement accounts, which ones are better for different situations, and talking about what the Roth IRA contribution limits are. Now I want to talk about another hot topic in retirement accounts, the 2010 Roth IRA conversion. In case you haven’t heard all the buzz, […]
Traditional And Roth IRA Contribution Limits And Phase Outs
Traditional and Roth IRA accounts are subject to contribution limits, which change from year to year. In addition the contribution limits phase out for certain higher income earners. Find details here.
The 10 Toughest Jobs
Sometimes we work for pleasure. But, more often than not, people work for money. Since working is an exchange of your time, energy, and talent it is best to find a job that you love and enjoy. However, many people are working in extremely tough and demanding job fields. I found an old resource (1988) – The […]
Blueprint For How To Make Money With A Blog: Advice From Successful Bloggers
Over the last few weeks I’ve been soliciting tips, tricks and best practices from successful bloggers – asking them what their best advice is when it comes to making money with a blog. Many of them were kind enough to respond with some great answers. So here they are! Let’s jump right in and get […]
2010 Tax Credits For Energy Efficient Vehicles: Tax Incentives For Electric Cars, Hybrids And Conversions
As part of The American Recovery and Reinvestment Act there were quite a few incentives included for the purchase and retrofitting of electric and hybrid vehicles. If you’ve been thinking about buying a hybrid, electric vehicle, or even retrofitting an older car, the time may be right since tax credits are now available for you. […]
2010 Federal Income Tax Brackets: Official IRS Marginal Tax Rates
Two things are sure in life, death and taxes. Tax season is coming up again, and if you’re not dead – you’ll be paying taxes! The 2010 tax rates have been released by the IRS, so if you’re concerned about what marginal tax rate you’ll fall into in the coming year, you can now check […]
Is There A “Good Reason” To Get Into Debt?
Do you want something badly enough to borrow money? When it comes to debt, it’s a hard concept for me to endorse. I find it very hard to think that there are things I want badly enough that I would take on a debt to buy. But the general public obviously doesn’t share my concern. […]
Blueprint For How To Make Money With A Blog: Money Making Ideas, Optimizing Your Site And Helpful Site Tools
To make money with a blog you have to find a variety of income sources for your site. Popular money makers include PPC ads, CPM ads, private ad sales, ebooks, affiliates, membership sites, premium content and more!
50 Personal Finance Bloggers To Watch
Darren Rowse over at ProBlogger.net recently hosted an article that gave a list of 30 Bloggers To Watch. After the post went live Darren gave a challenge to others in the blogosphere to make their own lists of bloggers to watch in their own niches. I decided to join in the fun! My list contains […]
Practical Steps To Becoming A Cheerful Giver
This article is by Fred at One Project Closer. Fred’s blog is home improvement focused, but he also enjoys personal finance from a Christian perspective. I grew up with the benefit of Christian parents who made giving to God’s work a top priority. My mom regularly reminded my siblings and I that all the money […]
Subsidy For Unemployed Workers To Help Pay For Cobra Health Care Benefits Expanded To 15 Months
A plan to give unemployed workers some help in paying their COBRA health care benefits was extended through February of 2010. Here are the full details.