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Tax Tips

4 Better Ways To Spend Your Tax Refund

LearnVest | Posted 04.29.2015 | Money
LearnVest

In the coming weeks you could be one of the many Americans receiving what the IRS has quoted as the average tax refund of $3,120. And it's precisely why we thought it was high time to take a look at the common ways people make poor decisions when it comes to tax refunds.

Taxes and Your Wallet

Mike Smith | Posted 04.17.2015 | Money
Mike Smith

Taxes and Your Wallet

Tips For Avoiding Identity Theft, From Jean Chatzky (VIDEO)

Posted 04.07.2015 | MarloThomas

Identity theft happens more often than we notice, especially during tax season. Jean Chatzky suggests that you should check your credit report three t...

The 10 Most Overlooked Tax Deductions and Credits

Betterment.com | Posted 03.19.2015 | Money
Betterment.com

Most taxpayers can use a standard deduction when filing their taxes, but you can possibly save more money if you're eligible for a variety of itemized deductions or credits.

Getting Ready To File Your Taxes? Don't Miss This Checklist

WiserAdvisor.com | Posted 03.09.2015 | Money
WiserAdvisor.com

Tax season is upon us again. April 15th may be the official deadline to file, but now is the time to start gathering everything you'll need so that you aren't scrambling in the eleventh hour.

Countdown To Tax Day: A Six-Week Prep Guide For April 15

LearnVest | Posted 03.04.2015 | Money
LearnVest

It's six weeks until T-Day. That's Tax Day for those of you who haven't given much thought to the yearly deadline. While we're not quite there yet, crunch time is just around the corner -- unless you start gathering your materials and making some serious strides today.

5 Tax Myths That Can Cost You

Credit.com | Posted 04.22.2015 | Money
Credit.com

Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can cost you serious money.

Over 65? Check this Big Tax Break For Your Medical Bills

Bob Rosenblatt | Posted 04.22.2015 | Fifty
Bob Rosenblatt

You can get a special tax break to deduct your medical expenses. And they can be a lot more than you realize.

What Married Taxpayers Lose By Filing Separately

Betterment.com | Posted 04.20.2015 | Money
Betterment.com

For all married couples, there is an annual choice to make when selecting your filing status: married filing jointly (MFJ) or married filing separately (MFS)? As with most tax-related questions, the answer is that it depends.

Should You File Your Tax Return Now or on April 15?

Betterment.com | Posted 04.20.2015 | Money
Betterment.com

Alex Benke, CFP, Betterment's Director of Advice Products, recommends that you time your filing to the IRS based on whether or not you will be getting a refund. "File immediately if you will be receiving a refund," Benke says. "Delay filing until close to April 15 if you owe the IRS money."

5 Organization Tips to Make Taxes Less Taxing

David A. Dedman | Posted 03.31.2015 | Money
David A. Dedman

I have so many things that stress me out these days. Hey, I've watched the stock market every day for the last 22 years, and that's enough! The last thing I want is not having a repeatable, streamlined tax-prep procedure. Get organized and you won't freak out over your taxes.

The Year Ahead: 5 Trends That Could Impact Your Finances

Betterment.com | Posted 03.14.2015 | Money
Betterment.com

While tax-efficient investing and maxing out tax-advantaged retirement accounts should always be top financial priorities, the start of every new year means there are new financial rules and trends to consider. Here are my insights on what's coming down the road.

Your 2015 Tax Season Calendar

Betterment.com | Posted 02.17.2015 | Money
Betterment.com

First, there is denial. Then relief, and then possibly a nice refund after it's all said and done. We're talking about tax season, and it has arrived. It's also a good time to take care of other financial business, like maxing out an IRA or rolling over an old 401(k).

5 Tax Law Changes in 2015 You Need to Know

Betterment.com | Posted 02.17.2015 | Money
Betterment.com

While many savers will be eligible to contribute more next year based on higher income and contribution limits, new restrictions on IRA and Flexible Spending Account (FSA) rollovers require planning ahead.

Year-End Tax Planning Ideas For Big Savings

Bill Ringham | Posted 02.08.2015 | Money
Bill Ringham

With less than a month left in the year, you can easily get a rough idea of how much you will owe in taxes for the 2014 tax year. If your anticipated tax bill is giving you sticker shock, there are a number of investment moves you can take between now and the end of the year to help reduce your tax liability for the 2014 tax year.

6 Tax Tips Midlifers May Not Know About -- But Should

The Huffington Post | Ann Brenoff | Posted 12.03.2014 | Fifty

The tax code is filled with lots of little gems for baby boomers, says Brian Ashcraft, director of Liberty Tax Service, headquartered in Virginia Beac...

Advanced Tax Strategy to Avoid State Income Taxes

Robert Pagliarini | Posted 12.24.2014 | Business
Robert Pagliarini

If you expect a windfall from a one-time gain or an investment account that you anticipate to produce significant income over the coming years, a personal tax inversion might make sense.

15 Year-End Tax Moves to Lower Your Tax Bill

Betterment.com | Posted 12.22.2014 | Money
Betterment.com

Year-end planning is about finding the right year in which to earn additional income or to spend money on more tax deductions. Now is the right time to think about this year and next.

How Should You Invest Your Tax Refund?

WiserAdvisor.com | Posted 07.20.2014 | Money
WiserAdvisor.com

Hooray, you've received a tax refund! Another "hooray!" because you're financially savvy. You've decided to invest this money. Putting your dollars to work for you is always a smart decision, so congratulations on making this choice. But now, what should you do?

Procrastinating on Tax Filing? This List Might Inspire You

Reboot Illinois | Posted 06.14.2014 | Chicago
Reboot Illinois

There are only a few days left before your federal and Illinois state tax returns are due. They must be e-filed or postmarked before midnight Tuesday,...

Protecting Taxpayers from Abuse

Martha Bergmark | Posted 06.14.2014 | Impact
Martha Bergmark

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.

Last-Minute Tax Strategies To Be Retirement Ready

James Nichols | Posted 06.11.2014 | Money
James Nichols

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.

7 Last-Minute Tax Filing Mistakes People Often Make

LearnVest | Posted 06.10.2014 | Money
LearnVest

With Tax Day fast approaching, millions of Americans are scrambling to track down receipts, bank statements and other documents. But the more you rush, the more you're likely to make mistakes that can cost you in the form of penalties, a delayed refund and even a higher risk of an audit.

Last-Minute Tax Talk for Parents

Neale Godfrey | Posted 05.26.2014 | Parents
Neale Godfrey

Whether you're a procrastinator, a denier or just anxious, here are tips for parents and families to remember now and suggestions to make subsequent filing years a little less stressful.

Tax Time: All The Ways Your Kids Can Save You Cash

GalTime | Posted 05.07.2014 | Parents
GalTime

As you start to gather your documents and tally your receipts for your taxes, don't forget to write off your kids! There are many tax breaks you can claim with Uncle Sam if you have children and some you may not even know about.