Archive for January, 2013

How to Save on Prescription Drugs

Posted by Adrienne on January 22, 2013

Do you have a prescription drug that you take regularly? Even with insurance these regular expenses can add up. Most of us take a prescription at least occasionally. Here are some tips on how to save on this expense. source: Ways to Save on Prescription Drugs Pill Splitting If you take a 20mg pill […]

Continue reading…

Tax Breaks for College Students

Posted by Kristen on January 21, 2013

College is a crazy time. You are trying to keep up with you school work, deal with your student loans, and juggle personal life along with working a part-time job. Because of this and being new to the world of taxes, you might not realize that it is important to file a tax return and […]

Continue reading…

529 $26 Bonus from Living Social and GradSave

Posted by Madison on January 18, 2013

A longtime reader, Kelly let me know about an easy Free Money Friday deal! You can get a free $26 for your 529 plan through Living Social and GradSave. But you’ll have to hurry, the offer expires in 4 days. Kelly, being the great Aunt that she is, asked me to look into the deal. […]

Continue reading…

Form 8863 for Education Credits

Posted by Kristen on January 16, 2013

What is Form 8863 Education Credits? Form 8863 allows you to claim your education credits. You may be eligible for these credits for any expenses from your post-secondary or college costs. There are two credits available: the American Opportunity Credit and the Lifetime Learning Credit. What is the difference between the American Opportunity and Lifetime […]

Continue reading…

Even if you always try to save money on groceries to keep food costs low, if you’re anything like me, you probably bought a few extra ingredients throughout the holiday season. With making special treats, entertaining family and friends, and cooking holiday meals, it’s hard not to make a few extra purchases on food. But […]

Continue reading…

How to File a Schedule A Form

Posted by Jill on January 15, 2013

If you choose to itemize your deductions, you must fill out the Schedule A and submit it with your Form 1040. How to Fill Out Schedule A Before you complete the Schedule A you should gather all documentation of your deductions – receipts, forms provided to you by financial or governmental institutions, etc. You must […]

Continue reading…

What is a 1098 Form? A 1098 tax form is used to report certain types of deductible interest or qualified payments that a taxpayer makes during the tax year. You can deduct this amount from your Gross Income to lower your Adjusted Gross Income or your final tax liability, meaning you will pay less in […]

Continue reading…

Thinking back to my teenage days, all I was concerned about was finishing up work at my weekend job so I could drive around and hang out with my friends. I never thought about opening a Roth IRA for teens! The money I made while I worked part-time put gas in the car and provided […]

Continue reading…

What is Your Adjusted Gross Income?

Posted by Guest Author on

When you file your taxes, you are going to notice that there is a figure known as you adjusted gross income or AGI. Knowing what the adjusted gross income definition is, and how it impacts your taxes, is important toward filing an accurate return and getting all the money back that you are potentially entitled […]

Continue reading…

IRS Tax Filing Status

Posted by Jill on

Determine your tax filing status. Tax brackets and available credits and deductions (either the standard deduction or itemized deductions) depend on a taxpayer’s filing status. Each taxpayer must select his/her filing status at the top of each tax return. In most cases only one tax filing status will apply to you. If you qualify under […]

Continue reading…