Articles by Amanda


There are virtual worlds out there, and also virtual currencies. Bitcoin has come up as the most well-known, traded, and used virtual currency thus far, so much so that it’s spiked the interest of governments and the IRS. So what exactly is a virtual currency, a bitcoin, and how does the IRS treat them for [...]

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My father was one of the millions of Americans who were dropped by their health insurance provider. He and his wife work for themselves, so they’ve carried an expensive individual policy. In November of last year, he received notice that his policy was going to be dropped, giving him until December 31st to find a [...]

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Over 46 million Americans currently have some type of retirement plan through work. These plans are governed by the rules of your particular employer, but also by federal laws. And rightfully so, as saving for retirement is a very important thing to do (especially considering the current state of social security). In general, Federal law [...]

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Are you part of the generation that is feeling the financial squeeze? I am talking about those of you who both took in elderly parents to take care of them, as well as still have children living at home. It can be tough to make ends meet and to meet everyone’s needs when there are [...]

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Crowdfunding has become quite trendy. In fact, even people with a lot of money like Zach Braff and Spike Lee are turning to these platforms to fund a project that they want full artistic control over. And having full control over your project is just one of the benefits of these sites (aside from the [...]

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There is a sharing economy out there that is quite helpful in saving money. I’ve detailed before my own family’s circle of savings in which things like OTC medicines, shampoo, and chicken breasts have crossed state lines in order to save each of us money. When my grandmother flew down to visit us and we [...]

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I am not a Costco member. Nor do I hold a membership at any of the other warehouse clubs. We used to shop at them when I was a kid, and I loved the products that they had. In my early 20s I went ahead and signed up for a membership, but since it was [...]

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If you and any of your dependents have had a significant amount of medical expenses over this past tax year, you may be eligible to claim a medical tax deduction. Medical Expense Threshold The Medical Expense deduction is not meant to cover typical taxpayer expenditures from visiting a doctor a few times a year, filling [...]

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People may think that the mileage tax deduction is only for employer expenses, such as traveling for your own business or using your personal car to travel for an employer. Both of these scenarios make you potentially eligible to claim the mileage tax deduction on your taxes. However, there are several other scenarios where you [...]

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Now that you can begin to file your taxes, focus immediately shifts to how long it takes to get your tax refund. How Long Can the IRS Hold Your Tax Refund? The short answer to this question is: indefinitely. If, that is, you owe certain kinds of debts. Let’s say you are the type of [...]

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