taxes
How the Tax System Works
The biggest expense you will ever have is taxes, which is a fortunate, but unfortunate cost. Most of you have probably already filed your 2008 taxes and now will not even speak the word “tax” until next year. While I understand your distaste for the process, this is exactly what you should not do; tax [...]
March Madness, Federal Reserve Style
It is March Madness–in terms of the Federal Reserve printing more money than ever before…
The Federal Reserve is going to infuse another $1.2 trillion dollars into our economy by purchasing government bonds and mortgage-related securities. This move is unprecedented, but starting to feel like everyday headlines. The idea is this money will help lower borrowing [...]
Recession Rhymes
Recession Rhymes
By: MYM
Humpty Dumpty
Hedge fund managers sat on a wall
The over leveraged risk takers had a great fall
All the taxpayer dollars and President’s men
Tried to put the wall street pieces together again
Old King Cole
Old Uncle Sam was a merry old soul and a merry old soul was he
He called for his checkbook in the [...]
Why Is My Paycheck More?
Why is your paycheck more than usual? Because the economy stinks and the Democrats are in control! That was intended to be a joke, but it’s actually true. You may have noticed that your paycheck is slightly higher than it has been in the past, mine was $31 more. This is a result of the [...]
10 Things the IRS Won’t Tell You
Smart Money Magazine has provided us with a very interesting look into the back end of the Internal Revenue Service. A lot of people have a pretty negative view of the IRS and there are also those that maintain that the fact that we are taxed is unconstitutional. While this is a little [...]
What Will I Receive in the New Stimulus Bill?
What’s in the 407 page stimulus bill that will actually affect the normal taxpaying citizen? Because of the enormity of the bill and the various sectors it reaches, whether you realize it or not, this bill will affect you in many ways. As for as actual provisions that put immediate money in your pockets, there [...]
What is the First Time Home Buyers Tax Credit?
Congress has been blamed for pushing homeownership so much so that in part, they helped our subprime crisis evolve. After all, it’s easy for them to turn a regulatory eye when their constituents are happy and in nice homes. Having said that, in a desperate move to try to get people to buy homes again [...]
Better Save Than Sorry
I saw this on an ING billboard on my way to work today and I love it. I don’t know about you guys, but the recession-like economy is starting to show its colors. At first, most of us just pretended it was bad, but didn’t really care. Then, maybe we heard of a friend or [...]
Second Chance at 2008 Stimulus Check
If you didn’t receive your full rebate check a few months back, you may still be eligible to apply for the remainder of your stimulus if you made less in 2008 then in 2007. The original stimulus checks were rushed out with the hopes of a magical boost to our ailing economy. Because they were [...]
List of Tax Deductions for 2008
Its one of the constants: taxes. Where the other is death, most have a hard time choosing. I found myself at a time agreeing with most that these are the worst times of the year. But now I have a slightly different outlook. I look at this time as an opportunity to lessen the harshness [...]
What it is In the New Stimulus Plan?
Negotiations have finally gotten to a point where details have been released of what will be included (debated) in a new stimulus package worth around $825 billion dollars over a two-year period. More likely however, the bill will probably increase to over a $1 trillion. Three Congressional committees are schedule to mark up the bill [...]
If You Like it Then You Better Put a Tax On It
Taxes are right around the corner. Most of us hope we get a decent return, while others just hope they don’t have to drain their savings to cover the bill. But have you ever really given thought to how much of your money actually goes to taxes? It’s amazing that we have any money left, [...]
2008 Recap of DIY Savings
To recap on the year, I have put together a list of some of the bigger DIY projects my wife and I have undertaken this year that have substantially saved us money. Actually, after adding up the estimated savings, we have increased our emergency savings this year by almost exactly the amount we have saved [...]
Organize Your Finances Before the New Year
Last night I spent a couple hours digging through our finances before the years end. There are plenty of good reaons to do this a couple times a year, but for me it’s the property tax adjustments that force me into it before Jan 1.
I’m one of the few who opted out of paying my [...]
Still Time to Qualify for Saver’s Credit at Tax Time
The saver’s credit (not a deduction) comes in the amount of $1,000 for individuals or $2,000 for married couples, however the actual amount will be adjusted based on your filing status, adjusted gross income, and your other retirement contributions. The credit can be filled out using tax form 8880.
Available only for low and moderate income [...]
