What Might the 2018 Tax Rates Look Like?

Posted by Madison on June 27, 2017

What might the 2018 tax rates and 2018 tax brackets look like? President Trump proposed a new tax plan that will only have 3 tax brackets: 10%, 25% and 35%. No income levels are specified for the 3 tax brackets. September 27, 2017 Update: Trump’s new proposal now has 3 tax brackets at: 12%, 25% […]

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What is the Marriage Tax Penalty?

Posted by Madison on May 18, 2017

The marriage tax penalty exists when married couples have to pay more than double the taxes they would if they were two single people. This increased tax burden after marriage became known as the marriage tax penalty. It’s one of a handful of the financial consequences of marriage. The marriage tax penalty doesn’t apply to […]

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How to Calculate Self Employment Tax

Posted by Madison on April 17, 2017

Did you recently start your own business and you need to learn how to calculate your self employment tax to file your tax return before the tax deadline? If you are an individual who is self employed, you have many advantages over people who are employed by companies. Of course, you get to set your […]

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How Do Tax Brackets Work?

Posted by Jill on April 13, 2017

Are you getting ready to file your taxes? If so, you might find yourself needing a slight refresher on how tax brackets work before the tax deadline. The US tax system is based on a progressive rate structure – the more income you make, the higher tax rate you pay. How Do Tax Brackets Work? […]

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Why You Should Learn About Taxes

Posted by Don on April 6, 2017

I know, when it comes to taxes, most of us want to run the other way. But I am here to tell you that instead of running from taxes, you should embrace taxes. Am I crazy? I’m not sure as I’ve never been tested. But since taxes make up such a large part of our […]

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Do Your Kids Need to File Taxes?

Posted by Madison on March 23, 2017

Do your kids need to file taxes? Usually filing taxes for the kids is an afterthought. Only after people scramble to finish filing in time for the tax deadline do they realize they didn’t even think about the kids. Will you remember to file taxes for your kids? If your kids earn interest and dividends, […]

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3 Simple Ways to Lower Your Taxes in Retirement

Posted by Don on March 22, 2017

Wouldn’t it be great to not have to worry about taxes during retirement? As great as that sounds, the reality is you are going to be paying taxes until the day you pass away. As the old saying goes, the only two certainties in life are death and taxes. But what taxes will you pay? […]

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We know that if you want to grow your money for the long term, investing in the stock market makes the most sense. While there is risk involved, taking on little to no risk with bank savings accounts will not allow our money to grow at the rate we need in order to reach certain […]

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When is the Tax Deadline? It’s Not April 15

Posted by Madison on February 15, 2017

Update: The 2018 tax deadline is April 17, 2018. The 2017 tax deadline for your 2016 tax return is on April 18, 2017. Why is the Tax Deadline Not on April 15? Weekend Days. The tax deadline is extended when the traditional April 15 deadline falls on a Saturday or Sunday. In this case it […]

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How Long Does it Take to Get Your Tax Refund Back?

Posted by Madison on February 14, 2017

When filing tax returns, the second question everyone asks is “How long does it take to get my tax refund back?” Of course, the first question everyone asks is “How much is my refund?” Tax Refund Direct Deposit versus Mail If you want to get your refund faster, opt for the direct deposit route. Not […]

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