The phrase “tax shelter” may sound sketchy, but the term is a little misleading. Law-abiding citizens can invest their income in several perfectly legal tax-sheltered savings accounts. These savings strategies allow you to reduce your taxable income and keep more cash...
We all make mistakes. But gaffes in your taxes can prove costly. That’s why it’s important to educate yourself and find a quality tax planner who can help navigate you through the daunting process. Before you start tax planning, consider these five pitfalls and how to...
Taxes can be a headache, so if you’re always looking for tools to make them easier, we don’t blame you. An online tax calculator might be the answer. However, don’t wait to calculate your taxes until the night before April 15. To avoid any nasty surprises, it’s good...
Many Americans look forward to retirement as a time when the pressures of the working world are behind them. However, it can also create new challenges—especially around tax season. Changing income and the absence of a regular paycheck may require some shifts in how...
Are you one of the many individuals who are taking charge of their careers by choosing to become self-employed? If so, you need to take charge of your record keeping (especially for tax purposes), and that process can be a bit daunting. Here are some tips that will...
Let’s face it: No one likes paying taxes. When you start to think about how much of your hard-earned money goes toward them, it can get frustrating—particularly when it comes time to file your taxes, and you see the yearly totals. While there’s no way to avoid taxes...