Social Security Benefits

Social Security Benefits

Social Security – Are You Up To Speed With the Changes?

If you’re still working part time and retired, up to 85% of your Social Security  benefits may be taxable. This unfair rule was started by Congress during the Reagan administration in 1984. They decided initially that up to 50% of benefits would be taxed again depending on certain income limits.

Many of our seniors who are retiring and beginning to collect Social Security are surprised to learn that their benefits are subject to taxation a second time. It shouldn’t come as a surprise though. When you’re dealing with View full post…

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Filing Your Own Taxes Online

Filing Your Own Taxes Online

Filing Your Own Taxes Online Like A Pro With The Help Of These 2 Tips

The 2020 tax year is almost over as we approach the October 15 extension filing date. Now is the time for tax planning for the 2021 tax year that is rapidly approaching. Covid and its variants are still causing problems for many and inflation is also rearing its ugly head. If you’re filing your own taxes online, you need to be aware of changes for this year.

Tax credit advance payments for those with children are being sent, and many remote workers have not returned to View full post…

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Doing Taxes for the First Time

Doing Taxes for the First Time

Doing Taxes For the First Time? Do Them Like a Pro

I can recall doing taxes for the first time. I was 23, fresh out of college, and looking for work, just like a lot of other recent graduates. I had a chance to do some background work as an actress and couldn’t pass it up. It lasted about 6 months and was a fun job.

It was fun until I received View full post…

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Retirement Planning for Self Employed

Retirement Planning for Self Employed

Retirement Planning for Self Employed – 4 Tips

Due to an economy turned upside down by Covid, many individuals have started their own small businesses and became a part of a growing gig economy. Some of these same individuals made a definite choice, and some others, who lost their jobs, were forced into it.

Whatever the case, these workers are confronted by an important issue View full post…

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Save Up for Retirement

Save Up for Retirement

How To Save Up For Retirement – 7 Steps to a Secure Retirement

For many individuals, retirement means switching to a life style that is more relaxed, and having more time to do all of the things you couldn’t do before. Some like to travel, take up hobbies, and take part in recreational activities. For many others though, it’s a time of worry and apprehension because they didn’t save up for retirement the way they should have.

The pandemic created even more problems View full post…

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7 Money Mistakes

7 Money Mistakes

7 Money Mistakes Some People Make & How to Avoid Them

If you make huge money mistakes early on in your life, it could have a negative effect on your future. This is why young people starting out in their career need to be very careful in making financial choices. Any of the 7 money mistakes listed here could easily develop into a habit that could have a lasting impact on View full post…

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Filing An Online Tax Return

Filing An Online Tax Return

Filing An Online Tax Return Like A Pro With The Help Of Our Tips

To say that the Coronavirus has changed working routines for most of us, is the understatement of the year. And not in any one particular career field either. Some are still traveling to their work place wearing a mask, and many others work from home as remote workers. One thing for sure, filing an online tax return is going to surprise a lot of people.

There are quite a few Americans who were under View full post…

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Careers Without College Education

Careers Without College Education

Are There Any Careers Without College Education? 9 Options

I get a lot of e-mails from readers who bought into the idea that every child should have a college education. By the time Johnny graduates, he’s facing about $100,000 in student loans, and is having a hard time finding even a low paying job, let alone in his career field. Starting out your life with little income and very high debt, can be very depressing. There are many good careers without college education.

I’ve been preaching this for View full post…

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Best Way to Do Taxes Yourself

Best Way to Do Taxes Yourself

Do You Want to Know the Best Way to Do Taxes Yourself?

The best way to do taxes yourself depends a lot on your knowledge of the current income tax code. If you’re a first-timer, just out of school, you might not want to tackle this job using a pen and ink, and then mail your return to the IRS and your state of residence.

If you have a very simple return such as a W-2 and bank interest, you can file your return for free at one of the do it yourself tax sites who offer that type of service. However, if you’re going to be using itemized deductions and/or other tax credits, you will not View full post…

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File Your Taxes Electronically

File Your Taxes Electronically

5 Tips to File Your Taxes Electronically the Easy Way

Each year the number of tax returns that were submitted by e-filing has been increasing substantially. In 2001, about 30% were e-filed and in 2020, the number jumped to over 92%. Americans know if you file your taxes electronically, refunds arrive sooner.

There are 5 primary reasons why this technology has taken off and isn’t too far from the 100% goal set by the IRS View full post…

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