401k / Flickr
This is a post by BargainBabe.com writer Yazmin Cruz.
Getting assistance with your taxes does not have to cost you a dime. If you made less than $50,000 last year, check out the Volunteer Income Tax Assistance (VITA) Program.
The program is sponsored by the IRS and it’s run by IRS-certified volunteers who go through tax training to prepare and file your taxes. Many volunteers also receive training that allows them to help filers in their specific states.
401K / Flickr
This is a post by BargainBabe.com writer Yazmin Cruz.
This past weekend I did my taxes and found out I owe Uncle Sam a nice chuck of change. Thankfully, I prepared for this by stashing away money. If you find yourself in this predicament without any savings, I share five tips to pay off your tax bill below.
- Take a deep breath and face the situation head on. Avoiding your tax bill will only lead to penalties that will end up costing you more in the long run. The IRS can also go after your assets and wages if you attempt to avoid them. (more…)
DonkeyHotey / Flickr
This is a post by BargainBabe.com writer Yazmin Cruz.
I know the last thing you want to think about during the holiday season is taxes. Alas, as the saying goes in this world nothing is certain but death and taxes – that’s why it’s prudent to start preparing now. I’ve compiled a list of things you need to do to save money on your taxes next year.
Feed your 401k – If you have an employer-based retirement plan make sure to max out your contributions especially if the company is
blmurch / Flickr
This is a post by BargainBabe.com writer Yazmin Cruz.
Tax season is upon us and if you are contemplating doing your taxes to save money, think again. Doing your own taxes may not save you money, especially if you don’t know the difference between a tax credit and a tax deduction. Here’s how to find out if you should be doing you taxes or paying someone else to do them for you.
Consider this: If the time and money you spend doing your taxes costs more than hiring a professional, then (more…)
More than 75 percent of all taxpayers get a refund, according to Turbo Tax, which says refunds averaged $3,000 last year. Three-fourths – could that be true? If it is, what are you going to spend your refund on?
If you’re still filling, here are three tax credits and one deduction to watch out for (in a good way). I summarized these tax tips from H&R Block.
- Energy credits. If you made an energy-efficient improvement to your home in 2010, you might be eligible to claim the non-business energy property tax credit. It is for (more…)
