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5 summertime tax tips

5 summertime tax tips

By on Jul 30, 2018 in Uncategorized | 0 comments

Not thinking about taxes in the summer? Well reducing your tax bill is a year-round task. Here are five summertime tax tips: Moving expenses may be tax deductible. Check your withholding taxes. Business trips and vacations – if you combined them, part of the expenses may be deductible. Education expenses may be offset by several tax credits and deductions. IRS extensions and notices only last 6 months, don’t miss the deadline if you haven’t filed. To learn more about these tips, read 5 Summertime Tax Tips.   Credit to irs.com 5 Summertime Tax Tips Lower Your Tax Bill &...

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10 summer savings tips

10 summer savings tips

By on Jul 23, 2018 in Uncategorized | 0 comments

Do you have big plans for the summer, but a small budget? Here are 10 tips to put things in reach for you: Visit a thrift store – spring cleaning yields plenty of deals when thrift stores have an influx of great stuff. Work out on the cheap – many gyms offer special deals in the summer. Update your home goods – big ticket items like appliances are often discounted at this time of year, when the focus shifts to outdoors. Plan travel with online tools – these make comparison shopping easy. Buy produce in bulk – consider signing up for a CSA or community-supported agriculture program. Grow your own food – from seeds or seedlings, its wholly rewarding and healthy. Stick with generics Host a summer bash – with DIY decorations and potluck. Cut your gas costs – carpool or use public transportation when possible. Clean out your home – a garage sale can yield quick cash or you can sell more valuable items online. Learn more about each of these tips by reading the full article 10 Summer Savings Tips.   Credit to money.usnews.com 10 Summer Savings Tips By Kimberly Palmer, Staff Writer, May 20,...

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Summer nanny job? Here are some tax tips.

Summer nanny job? Here are some tax tips.

By on Jul 16, 2018 in Uncategorized | 0 comments

If you or someone in your family has taken a job as a summer nanny, be sure to share these three important tax tips: Your employer needs to set up payroll and start paying taxes (if you earn more than $1,900) – this benefits both you and your employer . Keep track of your hours – know when you’re considered on duty and when you’re not. Stay in Touch – so your employer knows where to send your W-2. Bonus tip: Create a nanny contract. To learn more about these tips, read the full article 3 Summer Tax Tips for Nannies.   Credit to care.com 3 Summer Tax Tips for Nannies How does being a summer nanny affect your tax responsibilities? By Julia Quinn-Szcesuil, Contributor...

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5 summer financial tips

5 summer financial tips

By on Jul 9, 2018 in Uncategorized | 0 comments

Summer is an easy time to lay back, relax and enjoy the good weather and maybe a nice vacation. And that makes it easy to forget about finances — don’t fall into that trap. Here are five things to think about this summer: Check your tax withholding. Check your retirement savings. Start saving for the holidays (if you’re not already). Take advantage of tax-free holidays. Live lean to pay off vacation debts. To learn more about these tips, read the full article 5 Smart Financial Steps to Take During Summer.   Credit to moneyusnews.com 5 Smart Financial Steps to Take During Summer By Trent Hamm, Contributor, July 2,...

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Tax tips for newlyweds

Tax tips for newlyweds

By on Jun 25, 2018 in Uncategorized | 0 comments

Wedding season is officially here! The last thing a newlywed is thinking of is taxes. However, while changing the name on your drivers license and other important accounts, it’s important to change it with the IRA as well. Here are some tips from the IRS for newlyweds. Use the correct name – If you changed your name upon marrying, let the Social Security Administration know and update your Social Security card so the number matches your new name. Report your change of address – Notify the USPS. They’ll also pass your new address on to the IRS, which will update your account. You may notify the IRS directly by sending Form 8822. Get that refund check – Notifying both the Postal Service and the IRS of an address change in a timely manner can help ensure the proper delivery of any refund checks. Select the right form – Now that you’re married, you may be able to itemize deductions. Use Form 1040 if you itemize deductions. You cannot claim these deductions using Form 1040A or 1040EZ. Choose the best filing status – You might choose Married Filing Jointly or Married Filing Separately. Calculate it both ways to see which provides the higher refund. To find out more about each of these tips, read the full article IRS Summer Tax Tip Advice to Newlyweds.   Credit to irs.gov IRS Summer Tax Tip Advice to...

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Go on a cleanse this summer — a financial cleanse

Go on a cleanse this summer — a financial cleanse

By on Jun 18, 2018 in Uncategorized | 0 comments

You’ve likely heard about those trendy diet cleanses. But there is a different kind of cleanse that you should definitely try — a financial cleanse. This type of cleanse could help you put money towards debt reduction, an emergency fund, or even send you on an end of summer getaway! Whatever the reason, it might be time for a money do-over. Here are six steps for a financial cleanse: Track spending; Create an inventory of what you have; Go on a digital cleanse; Keep a list of your spending regrets; Go on a fiscal fast; and Stay accountable. To read more about these six steps, read Tips on How to Go on a Financial Cleanse This Summer. Credit to co-opcreditunions.com Tips on How to Go on a Financial Cleanse This...

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