by Miranda | Finance, Retirement, Taxes
Recognizing the effects of inflation, the IRS has announced changes to contribution limits for retirement plans, as well as to the yearly gift exclusion. Every year, the IRS evaluates the situation, and announces rules for the following year. So, for 2013, the...
by Miranda | Finance, Taxes
One of the perennial tax issues that comes up is that of the alternative minimum tax, or the AMT. Originally, the AMT was instituted as a way to ensure that those with high incomes, and who might take advantage of excessive deductions, pay at minimum, what they should...
by Danielle R | Finance, Taxes
You wait all year for your tax refund to arrive. When it’s finally in your hands, how will you spend the cash? Yes, you could throw the entire amount at your bills and feel the satisfaction of taking care of business. On the other hand, there’s nothing wrong with...
by Miranda | Finance, Taxes
One of the real accomplishments in a financial life is finding the tax withholding sweet spot. Rather than simply trying to increase the size of your tax refund, the goal should be to avoid getting a refund — and maybe even arranging matters so that you owe a...
by Miranda | Credit and Debt, Finance, Taxes
There are a number of tax time traps you need to be on the watch for during tax season. From fraudulent communications purporting to be from official sources to scams that aim to get access to your tax refund, there are a number of traps that you can fall into this...