An incorrect W-2, or employer’s failure to send you a W-2 at all, doesn’t get you off the hook with the IRS–you’re still expected to file your tax return on time. Even if you file an extension, you’re required to estimate and pay what you owe by April 15. The good news is that you […]
Recent Blog Posts
Monday’s need-to-know money news
Today’s top story: How to live without credit cards. Also in the news: The sad state of American’s emergency funds, what the proposed net neutrality law could mean for your internet, and what you need to know about taxes if you work from home. 4 Tips for Living Without Credit Cards How to get in […]
Q&A: Surviving on Social Security Disability
Dear Liz: I’ve been on disability for over 10 years, and I currently receive $1,527 a month in Social Security Disability Insurance. My rent starting in March will be $1,400. I’m not opposed to moving, but after checking literally thousands of listings, I found that what I’m paying is not unusual for my area. I’m […]
Q&A: Financial advice and family
Dear Liz: Regarding the brother who has the financially irresponsible sisters, in general I agree with you about not pestering people who don’t want advice. But with family, it’s different. It is quite obvious to me and other readers that this man is concerned about his sisters coming to him later in life even if […]
Q&A: Bonus taxing
Dear Liz: You recently answered a question from someone who wondered whether to pay off tax debt or credit cards with a $10,000 bonus. You asked why the person planned to put only about half the bonus toward debt instead of all of it. I think I know the answer. A bonus is considered taxable […]
Friday’s need-to-know money news
Today’s top story: What a missed mortgage payment can do to your credit. Also in the news: How to turn your retirement savings into income, tools that will simplify your life and save you money, and what we can learn about money from the movies. How Much Will My Credit Score Drop If I Miss […]