Obama’s federal budget proposal is in, and it brings back some some of the same tax increases that were rejected less than 2 months ago. It’s almost as if the ink on the 2011 Tax Deal isn’t even dry yet, and Obama is ready to change it back again in his new budget. Let’s take […]
Articles by Madison
The 2010 Tax Deductions You Can’t Claim
Posted byWhen the Obama Tax Cuts were passed late last year, we assumed that all the expiring tax cuts were extended. Well, that’s not exactly true. Here are a few popular tax deductions from 2009 that you cannot claim on your 2010 tax return: Expired Tax Deductions $2400 Exclusion on Unemployment: For 2010 all unemployment compensation […]
How Do You Handle Lending Club Taxes?
Posted byJill and I were discussing Lending Club tax reporting last weekend, and we thought it would be a helpful discussion for everyone, since many of you have taken advantage of Lending Club sign up bonuses. Is Lending Club taxable? How do you report interest earned on Lending Club loans on your taxes? What do you […]
Lately, my Discover More card has been getting a lot more use, with all of their current promotions. You can make out pretty well and earn a significant amount of cash back by mixing and matching all of their various bonus rewards programs right now. Here’s a summary of how I’m navigating the Discover card […]
ING Direct $50 IRA Sign Up Bonus
Posted byI just stumbled on a great Free Money offer. It’s especially timely for those of you who are working on your taxes this weekend and want to add an IRA contribution for 2010. Since the ING Direct offer expires in the next few days, we’re featuring a special weekend edition of the Free Money series! […]
Buried in Snow I think this is the first blizzard we’ve had where almost all of our information came via social media. It’s obviously different than when I was a kid and we would wake up early and listen for school closings on the radio. These days, we get a tweet about school closings, our […]
How Important is the Best Preschool?
Posted byWe, like almost all parents, always believed in offering our children the very best when it comes to education, even though we have differing views on how much college we’ll pay for. Our First Preschool Experience For the past 3 years we’ve sent our oldest son to the best Reggio preschool in the county, and […]
2012 Tax Calculator
Posted byI like to estimate my taxes long before we’re ready to file. We usually don’t get all of our K-1s to file for a few more months, but I still like to use a tax estimator to see where we’re going to end up before the tax deadline. Update: The 2014 Tax Estimator is available […]
The 2015 tax calculator is here! Do you want to get an estimate of how much your tax refund will be before you file? We just updated the 2015 tax calculator with the current tax brackets, credits, deductions, and everything else you’ll need to estimate your tax refund before the tax deadline. How to Use […]
The 2013 tax calculator is here! Due to the IRS tax delay it took much longer than expected this year, but it’s finally ready! Do you want to get an estimate of how much your tax refund will be before you file? We just updated the 2013 tax calculator, complete with all of the tax […]