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).
Individual retirement arrangements, or IRAs, provide tax incentives for saving for retirement. If you can afford it, I strongly encourage everybody to contribute at least a little bit to a Roth IRA every year, even if you have a 401(k) or other retirement plan at work. And among the many benefits of IRAs is the […]
I don’t write about politics until those rare days Washington actually does something that affects our daily lives. And after months of grandstanding and stonewalling over the “fiscal cliff”, today is one of those days. Here’s what the recent fiscal cliff “compromise” means for your taxes: Payroll tax If you are a working American, your […]