In the years since, I’ve realized that I should be using tax software to do my taxes. If your tax situation is simple and your income qualifies, it’s often free. If you don’t qualify for free filing, it’s much cheaper than paying someone to do your taxes.
Most recent by Jim Wang
It’s almost like a rite of passage – preparing your own taxes. You may have filed your taxes for a summer job as a teenager, but your parents probably helped (if they were nice). Now that you’re all grown up, here are four tips that can help you as you start out as a new tax filer. Full story
New Year’s resolutions are a time-honored tradition, and financial resolutions are among the most popular goals to set. Unfortunately, it’s all too easy to let these resolutions fade as the year progresses. Here are a couple of strategies that can help you make New Year’s resolutions that you are more likely to keep.
It seems like the end of the year always sneaks up on us and while I have your attention, I think there are a few smart moves you can make near the end of the year to set yourself up for a fantastic new year. Even though you will be preparing your taxes in 2014, these are moves you need to do today, while the date on the calendar still says 2013. Full story
Were you a beneficiary of mortgage debt relief this year? Debt that was reduced through restructuring and forgiveness may qualify for relief. We’ll discuss the rules so you can figure out if that amount is tax free. Full story
Did you have a baby this year? If so, congratulations on the little tax deduction! Fortunately, along with your new baby, your family is now eligible for new tax deductions as well. Don’t overlook the tax advantages that come when you add a new member to your family. Full story
As the days draw shorter and Daylight Savings Time draws to an end, we’re reminded that the end of the year is almost here. You’ve probably already turned on the heat for the first time this winter and it’s time to start thinking about energy bills. There are a number of energy-saving ways to improve your home’s tax efficiency. Here are two of the tax breaks available for 2013.
Regardless of how you decide to give, it’s important to do it the right way so you can save as much as possible on taxes. If the government is willing give you a tax break as you’re helping others, it makes no sense not to take advantage of it, right? Full story
Congratulations on graduating college! Now that you’re done with school and ready to embark on life in the “real” world, it’s a good idea to get a handle on your tax situation. Here are 4 things you need to know about taxes as a college grad. Full story
We all like the idea of saving money come tax time but tax tips seem to only come at the end of the year. We’re going to change it up a little and provide a five tips you can do right now that should make life easier come tax time. Full story