How Debt Can Actually Lower Your Taxes

Personal Finance

How Debt Can Actually Lower Your Taxes

How Debt Can Actually Lower Your Taxes

Debt is not necessarily the most terrible thing ever. Sometimes, debt is a good thing — it can help you fund college, build credit and can even help you save money on your taxes. Taking on debt can be beneficial in many ways — student loans are an investment in your future, for example —… Read More

3 Reasons to Start Your Taxes Now

Personal Finance

3 Reasons to Start Your Taxes Now

3 Reasons to Start Your Taxes Now

I am normally a tax procrastinator. I get them done, but not without my accountant bugging me a few times. But this year will be different. I am actually already starting on my 2013 taxes in 2013 (what a concept!) – and you may want to do the same. Yes, we’re into the busy holiday… Read More

6 Things to Do With Your Money Before 2014

Personal Finance

6 Things to Do With Your Money Before 2014

6 Things to Do With Your Money Before 2014

As we approach the end of 2013, there are several steps you can take to save on taxes. It’s important to get organized so you can be sure you are taking all of the tax deductions to which you are entitled. And it’s never too late to review your rate of withholding and estimated taxes… Read More

The Tax Deductions You Shouldn’t Overlook

Personal Finance

The Tax Deductions You Shouldn’t Overlook

The Tax Deductions You Shouldn’t Overlook

The good thing about taxes is they’re only filed once a year. The bad thing is it’s almost impossible to remember which tax deductions you qualify for each year. “Credits come and go. It’s hard to remember,” says Bob Wheeler, a certified public accountant in Santa Monica, Calif. While the IRS does all it can… Read More

Will the Mortgage Interest Rate Deduction Be Cut?

Mortgages

Will the Mortgage Interest Rate Deduction Be Cut?

Will the Mortgage Interest Rate Deduction Be Cut?

With the fiscal cliff drawing ever closer and lawmakers still at loggerheads when it comes to determining what federal programs or tax breaks might get the axe as they try to balance the budget, one particularly big concern looms larger than others. But now, the debate over what to cut and what to leave untouched… Read More

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