7 Tax Cuts You May Have Missed

Watch for these changes on your 2009 tax return.
More than 25 tax cuts for 2009 federal returns have been passed to help those struggling in the downturned economy. Many states are also offering tax breaks this year.
“Virtually everyone is eligible for new tax credits, deductions and other changes on their federal tax returns,” says Jessi [...]

Read the full article → March 5, 2010

8 Biggest IRA Mistakes Most People Make

Saving more for retirement is always a good idea, especially now.
Saving as much as possible, handling rollovers correctly and avoiding costly penalties are the keys to success.  See if you made any of these 8 big mistakes.
In 2009, the Employee Benefit Research Institute estimated that Individual Retirement Accounts (IRAs), a cornerstone of retirement savings, sank [...]

Read the full article → February 26, 2010

How The 2009 Making Work Pay Tax Credit Works

The “Making Work Pay” tax credit has many taxpayers confused, and for some, the confusion has led to the shock of smaller or delayed refunds.
The Making Work Pay tax credit replaced the 2008 federal stimulus checks for 2009 and 2010.  You likely received an increase of $10 to $13 in your paychecks starting in [...]

Read the full article → February 19, 2010

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