A $2000 Paycheck Credit Bonus in 2015 and Other Middle Class Tax Breaks

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In a push to reengage their voting base Democrats have proposed a $2000 paycheck credit bonus as part of a wide ranging middle-class tax credits proposal. The paycheck credit proposal, architected by House Rep. Chris Van Hollen (D-Md.), would only be available to middle class Americans, which are defined as couples earning less than $200,000 […]

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2015 Tax Planning – Capital Gain Taxes and Tax-Deferred Accounts

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This is another article in my 2015 tax planning snapshot series where I provide some quick and easy-to-implement tips on reducing your tax liability in the year ahead. If you invest in actively managed ETFs or mutual funds, looking for a higher than average (vs index fund) return, make sure you do it as tax […]

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2015 Federal Employee GS Pay Scale Chart Following 1% Raise Over 2014 Levels

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[Updated for 2015 GS Pay Raise] In 2015, employees paid under the General Schedule (GS) system will get another 1% pay raise following the executive order signed into law by President Obama and latest data from the US Office of Personnel Management. This is the second consecutive year that GS eligible federal employees have received a 1% […]

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2015 Military Pay Charts with a 1 Percent Raise over 2014 Levels

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[Updated with 2015 rates following 1% raise] Following the end of year presidential executive order, 2015 military basic pay for most armed services personnel will officially increase by 1 percent effective January 1, 2015. This is in line with the one percent raise last year (see previous update below) and 2015 GS pay raise for federal employees. The […]

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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 2014-2015 (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 state employees […]

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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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