MoneyUnder30.com

Archive for: Taxes

Cut The Clutter And Keep Your Receipts Organized With Shoeboxed

Almost no one likes tax time, and for the past two years my receipt tracking system has been a cluttered sight to behold. It consists of this: a dozen plastic toy bins repurposed as receipt holders. While the bins are marked for different categories … [Read more...]

How Smart Investing Could Significantly Lower Your Taxes

This is a sponsored post written by me on behalf of E*TRADE for IZEA. All opinions are 100 percent mine. Here’s a riddle: Jennifer and Mark are both 30-year old, single Americans with no kids. Jennifer and Mark both earn exactly $60,000 a year. Bu … [Read more...]

What’s The Best Tax Software? Popular Tax Software Compared

Here's the first part of Money Under 30's "No-Stress Guide to Filing Your Taxes", a six-article series on helping you prepare your tax return. We cover: Your tax document checklist: A guide to get you started Choosing the best method to file … [Read more...]

5 Tax Moves To Make By The End Of The Year

Now that the year is winding down and you're looking back on the year that was, it's time to snap your neck around and focus on the future. The financial maneuvers you make -- or fail to make -- in the next few days could have an effect on the taxes … [Read more...]

Got Side Income? Pay Fewer Taxes and Juice Your Savings at the Same Time

Comedian Jay Leno is a master of the side hustle. Jay has said “I live on the money I make as a comedian, and I put all the TV money in the bank.” For years, we all knew Jay as the host of Tonight Show, but to him, that was his side gig! He knew th … [Read more...]

Quarterly Estimated Tax Payments: Who Needs to Pay Them, When, and Why

Finding out you owe federal income taxes at filing time is no fun, but did you know that the IRS can charge you interest and penalties if you don’t properly estimate (and pay) your taxes on at least a quarterly basis? If you’re self-employed or ear … [Read more...]

Are Your Investments Tax Efficient? 3 Things to Check

In the investing world, tax efficiency refers to how well your investment portfolio takes advantage of legal ways to avoid or defer paying taxes on your returns. Tax-efficient investing sounds intimidating, but the basics are easier than you might … [Read more...]

Death and Taxes…and Divorce? Don’t Let Tax Time Bring Your Marriage Down

April 15 has come and gone and besides your finances, what else has been compromised? For many of us, it's our relationships. We've all heard Ben Franklin's  famous quote, “In this world nothing can be said to be certain, except death and taxes.” Whil … [Read more...]

Gift Tax: Don’t Fear Taxes When You Give (Or Receive)

When generous Aunt Betty slips you a $5,000 check on your birthday, do you have to pay taxes on her cash gift? And when you send an annual donation to your favorite charity or alma mater, does anybody pay taxes on that gift? The answer in both cases … [Read more...]

Your Tax Document Checklist: The No-Stress Guide To Filing Your Taxes, Part 1

This Website is all about taking confusing, boring topics and presenting them as clearly as possible. And few topics are more confusing and boring than taxes. So whether taxes simply fail to excite you or flat out freak you out, we're going to try … [Read more...]