iOS app Android app

Adjusted Gross Income

Resist the Urge to Tap Retirement Plans Early

Jason Alderman | Posted 06.02.2014 | Business
Jason Alderman

I have yet to meet anyone who thinks they're saving too much money for retirement. On the contrary, most people admit they're probably setting aside too little. Retirement accounts must compete with daily expenses, saving up for a home, college and unexpected emergencies for every precious dollar.

Understanding the 'Kiddie Tax'

Jason Alderman | Posted 01.25.2014 | Business
Jason Alderman

For something whose nickname sounds so innocent, the "kiddie tax" certainly can wreak havoc on unprepared taxpayers' yearly returns.

Don't Ignore Tax Deduction for Moving Expenses

Jason Alderman | Posted 12.30.2013 | Business
Jason Alderman

Whether you're relocating across town or across the country, moving is expensive. By the time you've paid to have your household goods packed and moved, cancelled and reconnected utilities and racked up storage fees, you could easily be out thousands of dollars.

Lower Income? Don't Pass Up the Saver's Credit

Jason Alderman | Posted 12.09.2013 | Business
Jason Alderman

In 2002, Congress passed legislation to create an income tax credit designed to encourage lower- and middle-income people to save money for retirement. Regrettably, the people most likely to benefit are also those who can usually least afford to set aside money for retirement.

Good News From the IRS for Job Seekers!

Ebong Eka | Posted 09.09.2013 | Small Business
Ebong Eka

For the last several years, the state of the economy has been a topic of discussion. For the unemployed, the economy has been an area of pain.

Obama Tax Returns: President And Second Lady Pulled in $1,728,096 In 2010

Posted 06.18.2011 | Business

President Barack Obama and his wife, Michelle Obama reported a 2010 adjusted gross income of $1,728,096, according to federal income and gift tax retu...

Think Twice Before Tapping Retirement Plans

Jason Alderman | Posted 05.25.2011 | Business
Jason Alderman

Before the housing crisis, it wasn't uncommon for people to raid their home-equity piggybank to pay off bills or buy things they couldn't otherwise af...

Rebates: What You Need To Know

CNN Money | Jeanne Sahadi | Posted 05.25.2011 | Business

Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy. The plan's centerpiece: tax rebates. ...