As colleges welcome students back for the fall, many parents can attest that paying for higher education is a challenge. Fortunately, both federal and state governments offer tax breaks to families who save for college, using what are known as...
If you’re finding it hard to pay your mortgage or reduce your credit card debt, you could be tempted to tap your 401(k) retirement savings. Many 401(k) plans allow workers to borrow against their savings and, in effect, pay themselves...
Lots of political and legislative attention is focused on the troubled housing market and how to revive it. Tax laws passed since 2006 when the mortgage market suffered a meltdown have, understandably, offered aid to taxpayers at risk of losing...
We all know the housing market needs help. So do prospective homebuyers. But neither one is likely to get much first aid from the new “First-Time Homebuyer Tax Credit.” The tax credit is a major part of The Housing Assistance...
Summer Child Care Questions During the school year, depending on their age, your children are in after-day care at the local center or spend a couple of hours at home alone in the afternoon. You keep the monthly child care...
The IRS needs you. No, not in the usual way. It’s asking your help – essentially a few minutes of your time and effort – to ensure that tax rebates get to people who might need them the most. Chances...
We all have those times where we realized we didn’t do something we were supposed to do. Fortunately, missing the filing deadline isn’t as bad as forgetting to pick up your girlfriend at the airport. The IRS is much more...
This is a question that many, many people are contemplating right now. There are, though, as many factors to this decision as there are people considering it. I know many of you are on this blog for tax purposes, so...
We all have those times where we realized we didn’t do something we were supposed to do. Fortunately, missing the filing deadline isn’t as bad as forgetting to pick up your girlfriend at the airport. The IRS is much more...
The IRS posted a news bulletin on Wednesday with some facts about the current tax filing season. As usual, it was a record setting year for electronic filing. That part, for me, is rather old news. As more forms can...
