IRS kicks off tax season just in time for EITC Awareness Day today. The earned income tax credit has helped millions of hard-working Americans get out of poverty and can be a credit worth up to $6,044 depending on your income. Phil Taylor answers common questions to help you understand more about the Earned Income Tax Credit. Full story
Most recent by Philip Taylor
The new year is here. So much to think about and try to make happen in 2014. Don’t neglect your taxes and all the things you can do to be a more responsible and savvy tax filer. Follow these tips to save money, time, and headache when dealing with your taxes in the new year. Full story
The end of the year is almost here. It’s time to reflect on what all you’ve accomplished and start thinking about what you want to happen in 2014. If you wait until the new year to start dealing with your income tax situation, you are probably missing out on a few opportunities to save. So let’s take a look at some money saving year end tax tips. Full story
Just when you thought Black Friday and Cyber Monday couldn’t possibly get any bigger, marketers around the country are opening earlier, offering deeper discounts, and even streaming live video online. And what’s at stake? Your sanity and your wallet. Thankfully, there are ways to take advantage of Black Friday and Cyber Monday deals and still maintain a positive balance in your bank account.
There are many wonderful reasons for buying gifts for your colleagues and business associates. There’s also one more incentive to make those gift purchases. All or part of the cost of your business gifts can actually become tax deductions. Here are the rules.
When planning for retirement, you need to know what your contribution limits are. And wouldn’t you know it, the maximum contribution limits for 2013 have increased. Knowing about yearly contribution limits helps you develop a retirement savings plan and helps you also make some smart end of year tax moves to save money on your taxes. Full story
Autumn is upon us, and if you chose to file a tax extension this year, October 15 is your target date…your zero hour…your deadline. Your six-month grace period is coming to an end. We’ve compiled a short list of last-minute tax tips for you extension filers needing to get your returns filed with the IRS by October 15th. Full story
Being your own boss as a freelance professional comes with exciting perks, amazing hours, and unrestricted living and working. But it also comes with a little more responsibility when you approach tax season. Follow these three smart and strategic tax tips and you’ll soon find another reason to love working for yourself. Full story
Everyone wants to be financially fit, but are you willing to work for it? Financial success isn’t always defined by how much money you make, but what you do with your money once it hits your bank account. Fortunately, there are ways to get a head start on your future financial success. Here are four of them. Full story
If you thought going to college brought you immeasurable freedom, just wait until graduation. The truth is, graduating college brings more life changes than entering college – especially when it comes to your financial landscape. Take a look at some of the most beneficial money saving tips for college graduates. Full story