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Archive for: Taxes

The Best Tax Software Compared: 20 Top Apps

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How much will it really cost to use TurboTax? Is free tax software really free? What if I sold stocks or had self-employment income? Compare 20 leading tax return apps here.

Reduce Your Tax Bill By Up to $1,000 With The Saver’s Credit

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You could get a tax credit for up to $1,000 from the IRS — just for moving money into a retirement account. Here’s how to cash in on the Saver’s Credit this year.

Why You Shouldn’t Worry About Entering A Higher Tax Bracket

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If you earn enough to enter a higher tax bracket, you could take home less than if you stayed in a lower bracket. Fact or fiction? Let’s find out.

5 Tax Moves To Make By The End Of The Year

Understanding The Differences Among Tax Credits, Deductions, and Adjustments

With tax time looming many of us are wondering what we can do now to reduce our tax bills in the future. Charitable donations and holding off on income are just a few of the tips here to make tax time less taxing.

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

The gift tax rules allow you to give or receive up to $14,000 before incurring taxes.

Gift tax rules allow tax-free gifts up to $14,000. How does the gift tax work? Do you owe taxes on a cash gift? How much can you give before paying tax?

Taxes For Freelancers: 7 Steps To Getting It Right

Tax Time For The Self-employed Seven Essentials For Saving Money

Taxes for freelancers and the self-employed are more complicated. You can take deductions, but make sure you can prove them to the IRS. Here are seven tips to save money (and not get audited).

Cut The Clutter And Keep Your Receipts Organized With Shoeboxed

Cut The Clutter And Keep Your Receipts Organized With Shoeboxed

Keeping receipts organized for tax time can be a pain. Every year you vow to do better yet when tax time rolls around you’re digging through piles of receipts again. Here is a review of Shoeboxed, a digital service that helps you keep your receipts nice and organized.

How Smart Investing Could Significantly Lower Your Taxes

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Are you paying more taxes than necessary? Several easy investing moves can slash thousands off your tax bill. Here’s how to take advantage of them. [Sponsored by E*TRADE.]

Got Side Income? Pay Fewer Taxes And Juice Your Savings At The Same Time

A SEP IRA can help you save freelance income and reduce your tax bill.

If you have freelance or self-employment income, you must know about this specialized investment account that lets you save a ton more for retirement than an IRA or even a 401(k). And, since you can deduct contributions, you’ll save on taxes this year, too.

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

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

If you own a business or earn money as a freelancer, you’ll need to make estimated tax payments every quarter to avoid penalties and interest. Here’s how.