Ahh, how delightful is spring — the long days of summer are almost here, and your tax refund has finally arrived. Here’s an idea for family fun this summer – take a bit of your refund and set it aside to pay for little trips with the kids.
Even though the tax day is still on it’s way, it is never too early to begin planning out your summer vacation! Easy if you are a kid, that is. Summer child care can get expensive. Fortunately, Uncle Sam is there to help, through flexible spending accounts and dependent care credits.
In the springtime a person’s thoughts turn to — spring cleaning! Know what else you can do aside from free up space? You could free up tax dollars too and get cash back in your pocket with charitable deductions you find around the house.
Medical expenses cost a bundle, even with the help of health insurance, and they rise astronomically year after year. Luckily, medical insurance premiums, co-pays and uncovered medical expenses are deductible as itemized deductions on your tax return, and that can help defray the costs. But before you breathe a sigh of relief, read on.
Are you newly engaged? Congratulations! I’m sure you are excited as you look forward to your wedding and future married life together. Sad to say, though, most couples spend more time planning their wedding than their financial future. To avoid conflict later, it is time to have some serious money talks, the sooner the better.
If you are married, should you file a joint return with your spouse? Most couples do file a joint return that combines their income and deductions. But before you join that majority, you might want to re-examine your situation.
Your beautiful baby has arrived. The house is childproofed, and you’ve got the pediatrician’s phone number posted on the fridge. But physical safety is just part of the challenge. You also need a game plan that will keep your growing family financially safe.
The holiday season is fast upon us. Just as it’s easy to overeat during the holidays, it’s easy to overspend, especially if you buy on credit. People spend about 15 percent more on purchases paid with a credit card. Here are seven holiday money tips for couples.