Easy ways to save money





imageedit_5_3949838586

Website Investments

Easy ways to save money

Save Money - Save Loan - Budget - Income Tax

Savings - Holiday Saving - Save Booking - Budget Holiday






Debt Settlement & Income Taxes – What You Need To Know

Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balance is forgiven. This technique will certainly continue to grow in popularity now that the new bankruptcy law makes it tougher to fully discharge debts in a Chapter 7 bankruptcy. As with anything, there is no free lunch, and creditors are requi........ Read More

Is Your Ebay Income Taxable?

The income you get from selling items on eBay is just like the income you get from any other business: it is taxable, at least in theory. In practice, many get away without declaring profits from their eBay sales just because they’re hard for the government to track. If you want to be strictly within the law and legit, though, you should be paying tax. Income is Income. If you make money from it, then it’s income – and if it’s income, then it’s taxable. There is a question of scale i........ Read More

Tax Magic: How To Turn Taxable Income Into Tax-free Income

Believe it or not, there are ways to convert taxable income into non-taxable income, without any fear of an IRS audit. Here's one of my favorites. It's been part of our tax code for over 30 years, yet many still don't take advantage of it. What am I talking about? The IRA -- Individual Retirement Account. Now, before you say, "Oh, I know all about that one; what's so great about an IRA?", give me 10 minutes to explain 3 new benefits to the IRA rules that you may not realize. BENEFIT #1: How........ Read More

Gambling Income And Expenses - Tax Requirements

Hit a big one? With more and more gambling establishments, keep in mind the IRS requires people to report all gambling winnings as income on their tax return. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse and dog races and casinos. Unfortunately, gambling income also includes the fair market value of prizes such as cars, houses, trips or other non-cash prizes. Generally, if you receive $600 ($1,200 from bingo and slot machines and $1,500 from keno) or........ Read More

Who Really Pays Income Taxes

With all the talk of the rich not paying their fair share of taxes and the tax cuts earlier this decade only going to the rich, here are some facts to contemplate and you as the reader can make up your own opinion. · The statement above could be true when you look at it from a pure dollar point of view. Someone who makes $500,000 versus someone who makes $50,000, if they each get a 5% tax cut, the first one pays $25,000 less in taxes, where the second one only pays $2,500 less in taxes. ........ Read More

Top 7 Reasons To File Your Income Tax Returns On Time

Here are seven reasons for not being late filing your income tax returns. 1. Avoid Late Filing Penalties Late filing can result in substantial and continuing penalties. This is in addition to any interest that is due. 2. Receive Better Service from Your Accountant The earlier you get your paperwork to your accountant, the sooner he can start preparing your tax returns. More importantly, there will be more opportunities to explore and implement tax saving strategies. On the other hand, if you........ Read More

Income Taxes

Every year it’s the same thing. My husband and I argue about our income taxes. He works for a construction company and everything is taking care of for him. He can hand in his W-2 is and his last pay stub and all of this information will be there. He doesn’t have a lot of deductions so this is not something he has to worry about. I, however, have a lot more than that to deal with. Because I work from home as an independent contractor, I have to keep track of all of my earnings and all of m........ Read More

Do You Know How Income Taxes Are Calculated?

This is the first of a series of 2007 Tax reference sheets that I'll be sharing with you over the next month or so. This one focuses on some of the major federal income tax key numbers. I'll do future ones for estate planning, retirement planning and business planning in the not too distant future so stay tuned. Since federal income taxes are such a large part of most peoples life or expenditures, I thought that you might like a summary or reference sheet for some of the important figures for........ Read More

Why You Should Avoid Paying Income Taxes With A Credit Card

We all agree that the credit card is very convenient. That is why the IRS allows you pay your taxes through it. To sweeten the deal, credit card companies offer rewards in the form of frequent flyer miles. So you can get a free air ticket too. But hang on, is that convenient to your pocket too? Sadly, the answer is no. Disadvantages The IRS has authorized third party companies to process your credit card payments. However, you, the taxpayer has to pay for it. So, every time you use your cre........ Read More

Helping Working Families With The Earned Income Tax Credit

In the past, clients of NORWESCAP's Family Self-Sufficiency program in Morris County, NJ have used the tax return they received through the Earned Income Tax Credit (EITC) for a down payment on a car, a security deposit on an apartment or to pay debts, said Penny Olson, the program's director. For clients of Homeless Solutions, which provides affordable and transitional housing, the prospect of a large tax return can make a significant difference, executive director Elizabeth Hall said. Those........ Read More

Obtaining A Federal Income Tax Refund

“You’re getting an income tax refund”! Those are the words that every taxpayer would love to hear. A federal income tax refund occurs if the tax you owe is less than the sum of the total amount of refundable tax credits claimed and the total amount of withholding paid. For many individual taxpayers those federal tax refunds can be obtained through Earned Income credit, a real refund of overpayment of tax, or through an overpayment from previous years. Some people really believe that g........ Read More

Income Tax Return – Save Money & Take A Cruise!

What do filing an income tax return, saving money and taking a cruise all have in common? Well, if handled well, you can ‘have your cake and eat it too’! That’s right, you can save money and take a cruise by utilizing your tax return properly. In Canada for example, earners have the opportunity to invest in an RRSP – a registered retirement savings plan. By saving in an RRSP, one can minimize the amount of income tax that they must pay. Most employees have income tax deductions take........ Read More

Income Tax Help

There are many websites on the Internet today that gives much needed income tax help for those who have no idea of what's going on during tax time. Income tax is a tax paid on income, unfortunately no matter how little it is. It's paid by employees and people who are self-employed and may also be payable if you are not working but you have an income, such as a retirement pension or an occupational pension. Not all types of income are taxable and it will seldom be the case that all of your income........ Read More

Income Tax Returns Your Accountant Should Not File

You've been feeling uneasy (perhaps even guilty) because you've failed to report your under the table business income. Perhaps you've never filed a tax return, even though you know you owe money. Finally, you contact an accountant to resolve the situation. Although it is commendable that you are trying to correct matters, hiring an accountant to do these delinquent returns could be a big mistake. The reason why is because tax evasion is a criminal offence or felony. You might also be subject to........ Read More

Taxes, Income And Other Ones

The story of American income taxes begins 1812. The 1st attempt to inflict an income tax on Americana occurred as a result of the War of 1812. At the end of two years of war, the federal government owed an unbelievable $100 million of debt (in inflationary terms, it probably had the same impact on the treasury as $100 billion debt would today). To pay for this, the government doubled the rates of its major source of revenue, customs duties on imports. This measure obstructed trade so severely t........ Read More


Search

Easy ways to save money Articles

Save Money Save Loan Budget Income Tax
Savings Holiday Saving Save Booking Budget Holiday

Easy ways to save money Books

Save Money Save Loan Budget Income Tax
Savings Holiday Saving Save Booking Budget Holiday

Easy ways to save money





imageedit_5_3949838586

Website Investments