What Would You Do – Keep it or Return the Refund? 

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This is summarized from a real life scenario. What would you do in this scenario? Vote on the poll and/or add your comment below. Alan ordered a $600 jacket online from a well known retailer’s website where he had shopped a number of times before. This was a jacket he really wanted and was looking […]

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2015 vs. 2014 Maximum Weekly Unemployment Benefits By State

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Listed below are the 2014 and 2015 (where available) maximum unemployment benefit/compensation rates by state. The Unemployment compensation (UC) program is designed to provide benefits to most individuals out of work or in between jobs, through no fault of their own. The Federal-State UC program is a partnership based upon federal law, but administered by […]

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How Much of Your Wireless (cell or mobile) Bill is Just Taxes ?

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Answer: About 17 percent according to a report by the Tax Foundation. This figure is based on the average U.S. wireless bill and includes the amount for federal, state and local taxes and fees. Larger metros not surprisingly have higher than average wireless taxes on their residents. In New York City and Chicago, some users have more […]

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2014 vs. 2015 Savers Tax Credit Limits to Help Workers Save for Retirement

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[Updated with 2015 amounts] This IRS has released 2015 updates for the savers credit, which helps lower income earners save for retirement by providing an offset to retirement plan (401k and IRA) contributions. A lot of people don’t know about or take advantage of this little known credit, officially referred to as the retirement savings contributions credit.. The […]

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Are You Missing Out on Cheaper Auto Insurance? Implement the Switch to Save Strategy

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Tis’ the holiday season and that means sales everywhere you look. This includes sales and discounts in the ultra-competitive auto insurance industry, where with only a few minutes of online clicking and typing you could literally save hundreds on your next auto insurance policy. During the holiday season auto insurance companies really ramp up their advertising and […]

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Year End Tax Moves You Can Start Making Now

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With year-end around the corner most people are far more focused on holiday shopping rather than on reducing their tax liability. But the fact is that unless you make tax saving moves before year end, you may end up paying Uncle Sam (a.k.a the IRS) a lot more than you legally have to when you […]

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2015 Official IRS IRA, Roth IRA and 401K Contribution Limits

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Millions of Americans contribute to an employer sponsored 401K or traditional IRA (Individual Retirement Account). And over the last few years the government has steadily been increasing the maximum contribution people can make to ensure that folks can build a larger nest egg during retirement. But thanks for the low inflation environment seen over the preceding year, […]

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2015 Social Security Changes After 1.7% COLA Increase (Final Figures)

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The Social Social Administration (SSA) announced a 1.7 percent cost of living adjustment (COLA) for 2015 (vs 1.5% in 2014). As a result the following changes to your social security taxes and income will result. All changes will take effect in January. The social security tax rate above is the combined rate for Social Security and […]

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How to Choose a 529 Plan And Save Now For Future College Costs – Prepaid vs. College Tax Savings Plan

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With my son approaching another birthday, I’ve started thinking more seriously about his schooling from elementary to college/university. My parents paid for a significant part of my education and I would like to do the same for my son. Given the rising cost of tertiary education, I figured the earlier I save the better. And thanks to […]

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2015 Earned Income Tax Credit (EIC) Qualification Limits

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[Update] Final figures are now out for the 2015 Earned Income Tax credit (EITC) as shown in the table below. There have been some minor increases over the 2014 EITC amounts and qualifying limits as a result of mandated inflation adjustments. This is in line with other 2015 tax changes. TurboTax is up-to-date and ready for tax year 2014. Get started today […]

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