Think you understand Marginal Rates (aka “Tax Brackets”)? As this chart shows, it’s the amount of federal tax you pay on the next dollar of income, changing as that income goes up. But, this doesn’t quite tell the whole story.
Summer is here, and that means young adults and college students are looking for summer jobs. Even though the economy still hasn’t recovered and unemployment is high, there are still a lot of seasonal jobs out there. Of course with earning money comes paying taxes, so at the very least you want to maximize your money this summer.
Tax audits are not as scary as you think, however, occasionally they happen. Everything you’ve heard is wrong–turns out receiving an IRS letter also known as “correspondence audit,” is not the end of the world.
Congratulations graduate! You’ve made it through college but what comes next? The end of college finally marks the moment you enter the “real world” and start working towards financial independence. Unfortunately, if you were like my alma mater, college did very little to prepare you for this next phase of your life. As you trade in your books and embark on the next phase, here are six tips that can help you on your way.
America is in a debt crisis, and we are catching up to our own GDP. The contentious question of how to pay off this debt is examined below. Would it be feasible to tax the American people enough to erase our debt? Let’s take a look.
Want to be sweet to your sweetie but don’t want to (or can’t afford) spend the big bucks? No problem. Just like the saying, “The best gifts come in small packages” doesn’t refer to Tiffany’s®, it really is the thought that counts. Still, I don’t expect you to take my word for it. Here are five inexpensive ways to share your love without crushing your budget—try a couple and comment your (and your partner’s) experience.
You’ve developed a plan to safeguard your family, but what about safeguarding vital documents like your tax information? Everyone should secure their tax forms and other related financial information against the possibility of loss or damage due to natural disasters.
Credit cards aren’t necessarily a bad thing and they can be a useful financial tool, but when they go beyond being a tool and become a way to go into debt things can get out of hand quickly. In the summer months it’s easy to swipe that plastic a little more often than usual, so here are a few tips to keep you out of trouble.
For most, the deadline for filing a tax extension has passed. But what made people file an extension this year? And what’s next? Not only will this help you decide if an extension is best for you next time; it will also remind you that it’s never too early to start preparing for next year’s filing season.