Tax time is easy (well, relatively speaking) when all of your tax forms arrive the in the mail. However, I’m noticing an increasing trend for companies to make you login to your online accounts and download tax forms. The problem is that for those of us addicted to free money signups, the trail of accounts [...]
Do You Have to Pay Taxes on Alimony?
Posted byIs alimony taxable? If you’ve recently gotten divorced and are receiving (or paying) alimony for the first time, you may be confused as to how to the IRS taxes those payments. Alimony can trigger large tax payments, especially in high-dollar divorce settlements. Depending on your situation, you may be kicked into a higher tax bracket [...]
With the arrival of a new year, tax season is just around the corner, striking fear into the hearts of millions of Americans as they attempt to get their tax filings in order before the tax deadline arrives. Dramatic, huh? But honestly, for many people, this can be the most stress-inducing time of the year [...]
2012 IRS Tax Refund Delay
Posted byYou filed your 2011 tax return early and didn’t get your refund? Yes, according to the alert from the IRS, there is a delay again this year. 2012 tax refunds are delayed approximately one week. What’s the Reason for the Delay? According to the IRS: The one-week delay for some refunds relates to fine-tuning IRS [...]
What is Modified Adjusted Gross Income?
Posted bySo you want to contribute to a retirement plan, and you’re trying to find out if you are eligible? Then you arrive at the eligibility for IRAs and Roth IRAs and find they’re based on your modified adjusted gross income. What is that exactly? Let’s take a look! What is Modified Adjusted Gross Income? Modified [...]
