Earlier this week we wrote about how because Congress took so long to act on the tax bill in December (the act was passed on December 17th), the IRS had to push back the filing start date for those … [Read more...] about Tax Filing Deadline Extended To April 18th For Filing 2010 Taxes In 2011
This past week the Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The tax package was designed to extend the Bush era tax rates for another 2 … [Read more...] about 2011 Payroll Tax Holiday Will Mean A Cut Of 2% In Social Security And Medicare Payroll Taxes
The last few months we've had quite a bit of uncertainty when it comes to what will happen to our 2011 marginal tax rates. The Congress and President Obama have gone back and forth trying to work out … [Read more...] about 2011 Marginal Tax Rates: Will We Keep The Same Rates, Or Will Taxes Go Up?
Tim Chen is founder and CEO of NerdWallet.com, a website that helps consumers to compare low apr credit card offers. Tim also educates consumers about credit cards and personal finance at the C … [Read more...] about One Casualty Of The Recession: Charities
We've been talking for months now about whether or not Congress and President Obama would be renewing the Bush tax cuts of 2001 and 2003. We've looked at what the 2011 tax rates would be if they … [Read more...] about President Obama And GOP Reach Deal On Extending Bush Tax Cuts. Will Congressional Democrats Go Along?
The past few years have been rough ones, and we have seen our unemployment rates go from 4-5% all the way up to 9.8% as of last month's unemployment report. As bad as 9.8% sounds, could the situation … [Read more...] about What Is The Real Unemployment Rate? Is It Really Only 9.8% Or Are Things Worse Than That?
A while back I wrote about how our family had signed up for a Flexible Spending Account (FSA) through my workplace because it would allow us to save a decent amount of money on our tax bill by taking … [Read more...] about Flexible Spending Account (FSA) Plan Changes And Limits In 2011 And Beyond
I've been writing about the Bush tax cuts on this site for quite a while, talking about whether or not they'll be renewed. We also looked at whether they'll be renewed for all taxpayers, or if … [Read more...] about President Obama Agrees To Extend Bush Tax Cuts For Everyone… For Now
As the end of the year approaches, a lot of people are scrambling to try and schedule work on their homes that they had been putting off. The reason? Most of the tax credits for energy efficient home … [Read more...] about $1500 Energy Tax Credit For Energy Efficient Home Improvements Runs Out Soon
I've written about the Bush tax cuts several times on this site, mainly wondering if they'll be renewed, and how if they're not renewed the tax rates will go up for everyone who pays taxes (not just … [Read more...] about What Happens If The Bush Tax Cuts Expire On January 1st 2011?
I recently wrote about the Making Home Affordable Loan Modification program that the Obama administration passed. The program was put in place to help homeowners to get some help in tough situations … [Read more...] about Nearly Half Of Homeowners Leave The Making Home Affordable Loan Modification Program
Times are tough in the U.S. and more people than ever are finding themselves in tough situations where they've lost a job and haven't been able to find something new. Unemployment is hovering around … [Read more...] about Should I Get A 401k Loan Or Do An Early Withdrawal To Help Us Through Tough Times?