Archive for January, 2013

8917 Form for Tuition and Fees Tax Deduction

Posted by Kate on January 14, 2013

What is an 8917 Form? Form 8917 is used to claim a tuition & fees deduction and is filed with your 1040. The deduction can be up to $4,000 (depending on income and expense amounts) and is based on qualified education expenses paid to an eligible post secondary educational institution. Am I Eligible to Use […]

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Tax Return Bankruptcy Debt

Posted by Amanda on

Have you filed a bankruptcy in the last tax year? In a bankruptcy, debt is discharged, cancelled, or forgiven, and this can have tax implications because it is viewed by the IRS as taxable income to you (Cancellation of Debt Income or CODI). Bankruptcy and Tax Common types of debt that are discharged include automobile […]

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What is Form 1040EZ?

Posted by Kristen on January 13, 2013

Form 1040EZ is one of three forms used to fill out federal income tax returns. You can either fill out form 1040, 1040A, or the easiest of the forms, 1040EZ. What is Form 1040EZ? This form is an alternative to the other forms and is a faster option. This form is most likely acceptable for […]

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How to Request Copies or Transcripts of Past Tax Returns

Posted by Amanda on January 12, 2013

There are many reasons that you could need a copy or a transcript of a past tax return. Perhaps you are taking advantage of low mortgage rates and applying for a loan or mortgage and need to prove your income from past years. Or if you are applying for college, or refinancing your home you […]

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Easy Retirement Plan Goals

Posted by Don on January 10, 2013

It’s a new year, so that means most people will be making an annual list of resolutions. These typically range from paying off debt to saving more, losing weight and building better relationships. Pretty much anything you want to change can be included as a resolution for the new year. There is only one problem […]

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How to Prioritize and Maximize Credit Card Sign Up Bonuses

Posted by Madison on January 9, 2013

At any given point in time, I’m juggling about a dozen new credit cards from various credit card application sprees each with their own spending requirement to earn the sign up bonus. Mix in the quarterly 5% Rotating Cash Rewards Credit Cards and it’s easy to stare at the cards and not know where to […]

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A quick browse through many financial websites and you will be sure to find tips on improving your credit score. While it is important to have a good credit score so that you get the lowest interest possible, I question the obsessiveness that many place on their credit score. Photo Courtesy Andres Rueda Why Do […]

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How to Get Back on Track After the Holidays

Posted by Kristen on January 7, 2013

The holidays come through like a whirl wind that could leave us exhausted. To me, it feels like we spend months preparing, planning, and anticipating all of the holiday events, and they fly by in a blink of an eye. Of course it’s a season to spend time with our special family, friends, neighbors, and […]

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Over $3,000 in Featured Deals and Sign Up Bonuses

Posted by Madison on January 4, 2013

Friday Featured Deal of the week! That’s my favorite celebration every Friday here at My Dollar Plan! Every week we feature a great deal, sign up bonus, or offer for you to earn some extra money. Our goal is to find the best offers that feature easy sign ups. It’s time to take a look […]

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12 Budget Friendly Health Tips

Posted by Kristen on January 3, 2013

There’s a common misconception that in order to make healthy choices in your life, you need to have money. After all, buying organic food, gym memberships, vitamins, and other health and fitness items will cost you more than you think. And it always seems like the junk food is what’s on sale when you’re trying […]

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