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...
Read MoreDo 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...
Read MoreIf 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...
Read MoreSummer 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...
Read MoreWedding 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...
Read MoreYou’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...
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