Now that taxes are filed and your refund check is on its way, your first thought may be to splurge and spend it on a nice vacation. But before you start making those vacation plans, see how investing in your...
Saving is tough enough as it is, especially when you don’t have much income, and there aren’t a lot of incentives to save lately. There is one and it’s called the Retirement Savings Contributions Credit, or more commonly referred to as the Saver’s Credit.
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.
Colorful eggs are a sure sign that Easter is approaching and that the tax deadline is right around the corner, but there’s an even more important egg you should be thinking about. Your nest egg may not get much thought,...
It’s not uncommon to see green on St. Patrick’s day, but there’s usually more green to go around this time of year when you get your tax refund. Instead of wasting the money, if you plan ahead you can turn your tax refund into your own little St. Patrick’s Day pot of gold.
As taxpayers, we are always looking for ways to maximize our income. The Internal Revenue Service (IRS) offers certain tax credits to help us with our expenses and savings surrounding two financial issues that are of great importance to our future: our education and retirement. These are some of the credits for which you may qualify and be one step closer to your financial success.
The Retirement Savers Credit is a tax incentive to save for retirement. In exchange for you putting money in a qualified retirement account such as a 401(k), IRA, Roth IRA, or 403(b), the government reduces your taxes. Find out more.
The Roth plan requires post-tax contributions, but allows tax free growth and distribution. With pre-tax plans, you contribute to the plans with your funds without any taxes deducted so the distributions are taxable. So which one do you choose? Find out more here.