- Don’t Get Scammed, They Are Very Clever
- You may think we harp a lot on protecting yourself against identity theft. You are right…because having your identity stolen becomes an absolute financial nightmare, sometimes taking years to straighten out. Identity thieves are clever, relentless, and always coming up with new schemes to trick you. And all you have to do is slip up just once to compromise your identity and your nightmare begins.
- Clock is Ticking for Retirement Plan Contributions
- Did you know that you can make tax-deductible retirement savings contributions after the close of the tax year? Well, you can and with April 15th looming, the window of opportunity to maximize retirement and other special-purpose plan contributions for 2013 is closing. Many of those contributions not only build the retirement nest egg, but also deliver tax deductions for the 2013 tax return. Let's take a look at some of the ways a taxpayer can benefit.
- Tax Breaks for Grandparents
- More and more individuals who thought their child-rearing days were over are now raising their grandchildren. The U.S. Census Bureau has found that there were 7 million grandparents whose grandchildren younger than 18 were living with them in 2010. Another study found that the number of grandchildren living with their grandparents has increased 50% over the past ten years. Grandparents in this challenging situation should be aware that a variety of tax breaks may be available to ease the financial burden of becoming primary caregivers for grandchildren.
- Getting Hit With the Alternative Minimum Tax?
- There are two ways to determine your tax - the regular way that most everyone understands, and the alternative method. Your tax will be the higher of the two.
- Where's My IRS Tax Refund
- The IRS provides up-to-date refund information that is updated every 24 hours, usually overnight. Refunds for e-filed individual tax returns are generally issued within 21 days. Up to 8 weeks for paper filed returns.
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