Tax season is in full swing. Next week, I’m meeting with my accountant (better get my P&L statement together), and we’ll be doing the e-File thing. Here in the U.S., tax filing is due April 17 (we get a two-day extension this year). In Canada, the tax filing deadline is April 30.
Financial Highway is offering a great online H&R Block giveaway. You could win free filing codes (for Canada). The faster you file, the faster you get your return! In the meantime, here are some great posts about tax time — many of which work for the U.S. and for Canada:
How to get ready for Tax Time in 6 easy steps
Over at Thirty Six Months, Marissa offers a step-by-step guide to getting ready for tax time. The steps break it down for you, helping you avoid the dreaded last minute scramble.
10 Tax Tips You Absolutely Must Know This Season
On Learn Vest, Alden offers 10 great tax tips. Before you prepare your taxes this season — or have someone else prepare them — make sure to read these tips.
The Buffett Rule is a great replacement for the alternative minimum tax
Kay at Don’t Mess With Taxes knows that many of us in the U.S. struggle to understand the AMT. If only the Buffett Rule were implemented; she thinks it would be a great replacement.
Essential Tax Tips For Americans Living Abroad
Over at Business Insider, there are a few tax tips you can learn if you are living abroad. Well, if you’re American.
Does Your Roommate Qualify As a Tax Deduction?
On the Tax Blog at Tax Debt Help, I take a look at whether or not your roommate can be considered a dependent — and therefore a tax deduction. If you’ve got a freeloader, you might at least get some tax benefit.
How I Ended Up With A $5,000 Tax Bill This Year. Oops!
Peter at Bible Money Matters ended up with a big tax bill this year. Find out what he did wrong — and how you can avoid the same fate.
Tax Efficient Investing for Retirement
Todd at The Digerati Life provides a helpful look at how you can improve your tax efficiency in retirement. Better investing during your years as a retiree.
Other Financial Posts
Here are a few more financial posts to get you through this Wednesday:
- I’ll Admit It — I Am A Tightwad at Boomer & Echo.
- Financial Risks Worth Taking in Your 20s at Studenomics.
- Is a Used Car Really a Better Value? at Free From Broke.
- How Much can You Save by NOT Owning a Car? at Out Of Your Rut.
- Carrying Minimum Balance For Free Banking at THE Canadian Personal Finance Blog.
- Second Look: Long-term Investing in Bonds at Michael James on Money.
- How to be Financially Responsible in 2012 at Canadian Finance Blog.
Image source: Images_of_Money via Flickr
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Thanks for the mention!
Thanks for the CFB mention Miranda!
Thank you for the information about tax deduction! I would like to add that your dependent can also be a legal resident, not just a US citizen, to qualify.