While time is ticking for you to complete your taxes, don't get so caught up trying to file that you make a mistake!
Owing the IRS can be a costly matter, but it is completely manageable if you take care of it and don't ignore it.
Last Wednesday, Senate Republicans blocked -- for the third time -- the Paycheck Fairness Act, a bill proposing to close the pay gap between men and women. The goal of the bill -- the attainment of equal pay for equal work -- seems like a no-brainer, right? Women with the same job, and same qualifications, as men deserve to be paid the same. They do not deserve to be discriminated against in salary on the basis of gender. Seems obvious. And yet not a single Republican voted in favor of the Act, and many Americans no longer know what to think, either. The problem is that the message has been greatly muddled, twisted, and usurped, mostly for political gain.
Tighter rules on reverse mortgages that have recently gone into affect have made them harder to get, especially for seniors with heavy debt problems.
The hedge fund managers' tax break is different from other tax breaks in that it has no economic rationale. With most other tax breaks, there's at least an argument as to how it serves some socially useful purpose. This is simply a case where the rich don't feel like paying taxes and are saying to the rest of us, "what are you going to do about it?"
Rejecting dozens of heroic characters, from Captain America to Underdog, Republicans last week chose instead a villain for their figurehead.
Tax season is an annual American ritual. For many Americans, it brings the biggest influx of money all year, giving a much-needed boost to millions of families. Yet for Americans of all backgrounds, tax filing can be a stressful and confusing experience.
The first income tax day in U.S. history was on March 1, 1914. Four years later, Congress passed the "Revenue Act," which moved tax day forward by two weeks to March 15, where it remained in effect until 1955. Why the change to April 15?
Nothing too surprising -- those who pay more in federal taxes think they're too high; almost nobody thinks their tax bill is too low. But departing from the data a bit, there are two factors that I suspect have an impact on our general perceptions of tax fairness.
During Financial Literacy Month, while many experts concentrate efforts on educating students and retirees, it's important to consider how employers can lead the charge in improving and educating their employees to be financially healthy.
Abraham Lincoln once said, "You cannot escape the responsibility of tomorrow by evading it today." Following these tips can help you conquer the panic today of tomorrow's tax-filing responsibility while simultaneously building your nest egg and driving increased retirement readiness.
There seems to be a general belief around this time of the year that if you're getting a refund, then you should spend it on something fun. All the ads urging us to go out and splurge certainly seem to think so. But is that really the case?
Decide how you are going to spend your time. What are you going to do during the first six to twelve months in retirement, and what do you plan to do for the rest of your retired life?
Even as the currency's potential suffered a blow following the collapse of Mt. Gox, some early adopters in the travel and sports industries are still bullish about the value of this new way of doing business.
Most people, especially in the past, did not embark on certain initiatives or projects with a goal of becoming rich with money or power; instead, they were concerned about the well-being or empowerment of other people's lives.
if your application sends up major red flags, the banks you apply to are likely to say no, even if they agree that your business has great potential. Many factors go into assessing credit risk, but the top three leading to turn-downs are ...
Once you determine how your current expenses are going to change during your retirement years, you can start to understand how much you'll really need to save.
We are in a dangerous time in the stock market. It's not a dangerous time because of a crisis or volatility. It's dangerous time because investors start to become overconfident.