Author Archives: taxblogger

Financial Aid 101

Posted on April 27, 2011 by taxblogger

Many parents pay for college with a combination of savings and financial aid. Here are some of the basics. Continue reading →

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Senate Approves the 1099 Repeal

Posted on April 20, 2011 by taxblogger

On April 5th, the Senate passed legislation to repeal both the expanded Form 1099 information and reporting requirements mandated by last year’s health care legislation. The Act (HR4) repeals the expansion of information reporting requirements for payments of $600 or more to corporations. Continue reading →

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Are You Getting the Credits You Deserve?

Posted on April 13, 2011 by taxblogger

Tax Deductions are good….Nonrefundable Tax Credits are better….and Refundable Credits are great! Continue reading →

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Coverdell Education Savings Accounts

Posted on April 12, 2011 by taxblogger

If you meet designated income limits, you can contribute $2,000 annually to a Coverdell Education Savings Account. Although contributions are not deductible, all earnings and withdrawals are tax-free, providing that you use the money for qualified education expenses, including those for kindergarten through high school. Continue reading →

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How To Speed Up A Tax Refund

Posted on March 30, 2011 by taxblogger

Strategy: E-file your return. Continue reading →

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2010 IRA Contributions

Posted on March 23, 2011 by taxblogger

There’s still time to make a regular IRA contribution for 2010! Continue reading →

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Home Office Deduction

Posted on March 16, 2011 by taxblogger

We often hear people say they do not want to take the home office deduction because it is an audit “red flag.” However, this feeling may lead to missing out on a potentially significant and legitimate deduction.

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House Votes to Repeal 1099 Provision

Posted on March 9, 2011 by taxblogger

The U.S. House of Representatives voted to repeal an unpopular tax-reporting requirement affecting small business owners, in what would be the first substantial change to the sweeping health-care package signed into law last year.
Continue reading →

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Protecting Your Loved Ones with Life Insurance

Posted on March 2, 2011 by taxblogger

How much life insurance do you need?
Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals. Continue reading →

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Retirement Annual Income

Posted on February 23, 2011 by taxblogger

Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is a key issue in retirement planning and presents many challenges. Continue reading →

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