Tag: credit

2013 Tax Changes, Credits and Impacts You Need to Be Aware of When Filing Your Tax Return in 2014

[Updated for 2013-2014 tax filing season] Thanks to the so called fiscal cliff deal reached last year there were a number of impacts to taxes in 2013 which you need… Read more »

No Payroll Tax Credit Extension into 2013. See How Much Your Paycheck Will Drop With Higher Taxes

[Updated following latest fiscal cliff negotiations] The 2 percent cut in Americans’ payroll taxes, effective in 2011 and 2012, expired on December 31st 2012.  This stimulus driven tax credit did… Read more »

Bank of America Withdrawing $5 Debit Card Fee – Power to the People as Free Checking Accounts Return!

You can tell that the tide of corporate sentiment is shifting when one of the nation’s largest companies changes course following customer outrage and the growing anti-Wall street movement. Especially… Read more »

Adjust or Change Your Paycheck Tax Withholding (W4) After These Personal and Financial Life Events

During the year many people have personal and financial life changing events that can affect how much they pay in taxes. But they often forget to adjust their income or… Read more »

IRS Errors and Economic Stimulus Refunds For Home Buyer Credit and Overpayment of $250 SSI and Making Work Pay Tax Credit

The IRS has officially admitted that they are having issues with processing some of the most popular economic stimulus payments that the Obama administration has handed out over the last… Read more »

Teaching Your Kids How to Care For Cash and Manage Their Personal Finances

As adults, we’ve seen what a lack of financial knowledge does to managing our finances. That’s why we need to teach our kids early on how to care for their… Read more »