TurboTax Spring Giveaway

Posted by Madison on March 20, 2009

Happy first day of spring! The weather is getting nicer and it’s time to get outside. However, it’s also less than a month until taxes are due. Are yours done? Great news for the procrastinators out there! The Free Money Friday feature is a TurboTax giveaway for two lucky readers. The prize is a TurboTax […]

Continue reading…

Adventures in Real Estate Investing

Posted by Madison on March 4, 2009

I got an email from an old business associate this week. It’s always nice to hear what people have been up to… and even more interesting when they have a personal finance idea to share. He’s a real estate investor, and it turns out he is looking to expand. I’ve been interested in real estate, […]

Continue reading…

$8,000 First Time Home Buyer Tax Credit

Posted by Madison on February 19, 2009

Update: The $8,000 First Time Home Buyer Tax Credit Extended the deadline until June 30, 2010. In addition, it will now include a $6,500 Home Buyer Tax Credit for Existing Homeowners. We finally have an enhanced first time home buyer tax credit! The President signed the Economic Stimulus Bill Tuesday, which includes a $8,000 tax […]

Continue reading…

The Ultimate Tax Resource Guide

Posted by Madison on February 16, 2009

It’s tax time! It’s hard to remember everything about taxes, so here is a comprehensive tax guide to get you through tax season! From important tax dates to planning for next year, and just about everything in between, we’ve got you covered! Tax Numbers 2008 Tax Information. Reference sheet for 2008 tax limits, credits, exemptions, […]

Continue reading…

Keeping Tabs on the Economic Stimulus Plan

Posted by Madison on February 12, 2009

Congress was able to put together a compromised plan of the economic stimulus plan yesterday. The final price tag is $789.5 billion. Trying to follow the stimulus plan is like following a moving target these days… but here’s what we know today! Home Buyer Tax Credit Many of you were waiting with high hopes for […]

Continue reading…

2008 Tax Information: All in One Place

Posted by Madison on February 10, 2009

Here’s the 2008 tax limits, credits, exemptions, deductions, phase-out and exclusion numbers all in one place! It is a good reference and will come in handy at tax time. Last year, the list was a popular reference sheet, so I thought it would be good to publish it again. Exemptions $ 3,500 Standard Deduction Single […]

Continue reading…

$15,000 Home Buyer Tax Credit Possible!

Posted by Madison on February 5, 2009

Update: The $15,000 home buyer tax credit was eliminated in the compromised bill. It’s now an $8,000 First Time Home Buyer Tax Credit. A reader, Keith, left the following comment about the $7500 First Time Home Buyer Tax Credit: I just read that the $7500 home buyer tax credit is going to be jumping up […]

Continue reading…

How Much Money Do I Have to Make to File Taxes in 2008?

Posted by Madison on February 2, 2009

How much money do I have to make in 2008 to file taxes? Looking for the 2008 income tax filing requirements? Here they are! 2008 Income Requirements For the 2008 tax year, you need to file taxes if your gross income meets the minimum income for your filing status and age:   Filing Status Minimum […]

Continue reading…

2008 TaxCut Review… Why I Switched Back!

Posted by Madison on January 5, 2009

TaxCut. I decided. I bought my copy of TaxCut last week. I picked the TaxCut Premium Federal + State + E-file version since I wanted the state software too. I switched back to TaxCut this year after a brief hiatus using TaxAct last year; I’m happy to be back! TaxCut Features Even though the final […]

Continue reading…

Your Tax Questions Answered

Posted by Madison on November 6, 2008

While I do have a lot of tax knowledge, most of it from volunteering at VITA, I am by no means an expert! Every so often, I forward a bunch of questions from readers to our local IRS agent to either answer or confirm my answers. Our contact recently retired after over 3 decades of […]

Continue reading…