In July taxes may be the furthest thing from your mind. In 10 Important Tasks for Your Mid Year Checkup I reminded everyone to assess their tax situation. Here’s a tax question that came up recently. With sky high gas prices, it could be a situation that affects many of you.
Using Your [...]

Posted July 8, 2008 in Taxes | 5 Comments »

Last week I brought up the story of a friend that needed help paying off debt. There were lots of great responses with different ways to get rid of the debt.
A recap of the situation (see the story for all the details):

Personal Line: $3,500 balance @ 15% - $7,000 limit
Credit Card #1: $2,300 [...]

Posted July 3, 2008 in Credit cards, Debt, Taxes | 3 Comments »

Each tax year brings a new learning experience. This year I learned all about recharacterizations, probably too much in fact! We found ourselves brainstorming a strategy to use recharacterizations to requalify for tax credits.
Background
We found ourselves in an interesting situation last year. Because we knew our income would be lower in 2007 due to [...]

Posted April 17, 2008 in Taxes | 4 Comments »

Photography by: corrinely
Tax day is here! Luckily we filed our taxes this past weekend, so we won’t have to worry about staying up late to get them done tonight. Hopefully yours are done too.
There are bound to be questions while finishing your taxes. Over the last couple weeks readers submitted some last minute tax questions [...]

Posted April 15, 2008 in Taxes | No Comments »

I recently joined the writing staff at Mint, a free online money management tool. I will be helping to build the library of articles in the financial core section of Mint.edu.
Today my first article was published: Smart Tax Strategies For The Big Events In Your Life.
In the article, I highlight tax tips for the [...]

Posted April 2, 2008 in Dollar Plan News, Taxes | 12 Comments »