Archive for February, 2014


Tips and Tricks for Planning Credit Card Application Sprees

Posted by Madison on February 12, 2014

Application sprees are one of the components in my Obsession with Extreme Credit Carding. While it’s definitely not for everyone, I think it’s a fun challenge to organize and execute. I find the payoff is worth my time and effort… my $1,800 application spree last fall got us a fantastic new fridge in our kitchen! […]

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How to Get Rid of Cable and Still Watch TV

Posted by Adrienne on February 11, 2014

Back in 2010 my family made the decision to cut the cord and cancel our cable. This is not because we weren’t watching TV. Although the kids have limits to their total screen time, every member of our family was watching some TV each day. Our initial motivation to cancel our cable was money. At […]

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How to Keep Your Information Safe During Tax Season

Posted by Kristen on February 10, 2014

Almost everyone files taxes, and there’s no way around it. It probably has become second nature by now since you do it every year. But unfortunately, it is also a risky time for your identity. Between receipts, W-2, 1099s, and other tax documents being sent to your home in addition to filing the taxes themselves, […]

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Income on Your W2 Form

Posted by Kate on February 9, 2014

W-2 Forms provide employees with wage and salary information to file your taxes. You’ll need your 2013 W-2 form before your can efile. What is a W-2 Form? A W-2 Form is a tax form your employer is required to provide to you to file your taxes. A W-2 Form reports your income from that […]

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What is a Form 1099?

Posted by Kate on

2013 Form 1099s are in the mail. You should receive your form 1099s shortly. Here’s what to expect. What is a 1099 Form? A 1099 is a form that is used to report taxable income you earn aside from your regular salary or wages. A few examples of income types that a 1099 may report […]

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What is a 1040 Form?

Posted by Kate on

What is a 1040 Form? A 1040 form is the basic tax form which individuals use to file their tax returns. The 1040 form summarizes information about an individual’s income and deductions and calculates whether the individual owes the government money or receives a tax refund. Tax forms 1040 must be filed by the tax […]

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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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IRS Form W9

Posted by Jill on

IRS Form W9 is similar to the Form W-4 that is used for employees, but does not lead to withholding. What is a W9 Form? Form W-9 is used to request a tax identification number and other information that can later be used to populate tax forms such as 1099s. When do you Use a […]

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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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When I said that the current capital gains tax rate is 0% for some taxpayers, a reader, Colin, was shocked. He states: I had no idea long term capital gains are presently 0%. Are you sure? Yes, Colin, I’m sure! Let’s take a closer look at capital gains and the capital gains tax rates. Capital […]

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