The IRS has announced that if you plan to itemize your taxes, you will have to delay filing as their systems aren’t yet up to date with the current law. Find out when the IRS will start processing returns here.
Shoeboxed.com Review: Digitizing Your Paper Documents, Organizing Them Online Just In Case
Shoeboxed.com is a site that looks to make your life simpler by taking all of your paper clutter you have lying around the office (receipts, business cards, etc), digitizing it and organizing it for later use.
2011 Flexible Spending Account (FSA) Changes
If you use a flexible spending account there are important changes for 2011 that you should be aware of, limiting your ability to use the pre-tax funds.
Lending Club Update: Returns Slowly Increasing As Higher Risk Loans Added
My Lending Club returns have continued to improve since I started adding loans for people with lower credit scores, but good jobs and income – and higher probability of paying off their loans. Details of what I’m doing here.
2011 Payroll Tax Holiday: We Will See A 2% Cut In Social Security Taxes In 2011
A week or two ago the Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The tax package was designed to extend the Bush era tax rates for another 2 years, in addition doing some other things like adding on 13 more months to expiring unemployment benefits, reinstating the estate […]
2011 Federal Income Tax Brackets: IRS Marginal Tax Rate Changes To Be Aware Of
The Congress and President Obama signed into a law a week or two ago an extension of the Bush era tax cuts, H.R.4853. We had been speculating for quite some time that Congress would actually raise the tax rates on the highest income earners only, but after the November election and solid Republican gains and […]
$1000 Child Tax Credit Extended Through 2011-2012
Yesterday we talked about how the energy efficient home improvement tax credit was extended into 2011, albeit at a lower reduced maximum of a $500 max credit per homeowner, at at a reduced amount for many eligible products. While the credit is still around, the effect it will have at this reduced amount is anyone’s […]
2011 Home Improvement Tax Credits For Energy Efficient Products (Insulation, Windows, Heaters, Etc)
In 2009 and 2010 a lot of people decided to take advantage of the home improvement tax credits for energy efficient improvements. The tax credits, which were a part of the American Recovery and Reinvestment Act of 2009, allowed you to claim up to $1500 in tax credits on qualified energy efficient home improvements like […]
Blessings To You And Yours This Holiday Season. Merry Christmas!
Another year has passed, and as the year comes to a close we are all looking forward to the festive Christmas holiday, and the coming of a new year. It’s a time to reflect, and be thankful for all the blessings that we’ve received throughout the year. At our house it has been an exciting […]
How To Get A Better Deal: Negotiate Or Be Ready To Walk Away
A year or so ago we decided to sign up for a pay TV service because we wanted to have a few more entertainment options at our house. My wife wanted to be able to watch her favorite HGTV and TLC shows, while I wanted to be able to watch my favorite sports teams like […]
Give The Gift Of Stock This Christmas: Help Someone Build A Solid Financial Foundation
A few weeks ago I published my post called “75 Frugal Gifts You Can Give For Christmas“. The post was an extensive list of frugal gift ideas, gifts that people could buy or make for their loved ones, but not break the bank. One of my favorite gift ideas from the list was one that […]
Obama Set To Sign Tax Cut Bill After The House Passes It. Bush Era Tax Rates To Be Extended
We’ve talked quite a bit about the Bush tax cuts and how they are expiring at the end of 2010. If something wasn’t done about the expiring rates ALL taxpayers would have been seeing an increase in their taxes in 2011. An average family would have ended up paying thousands more in taxes. Tax Cut […]
Checklist Of Things You’ll Need At Tax Time In 2011 For Doing Your 2010 Taxes
The end of the year is coming up quickly, and with the end of the year comes tax time! Tax time is a time of year that many folks look forward to because they use their taxes as a way to save and get a once a year windfall in the form of a tax […]
Secrets Of A Successful Budget: Setting Yourself Up To Win Financially
One thing I’ve thought an awful lot about these past few years since starting this site is the topic of budgets. I’ve done a few of them for my family during that time, and not all of them have been successful ones. There are a lot of problems, expenses and other glitches that can crop […]
