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Taxes

Friday’s need-to-know money news

March 25, 2016 By Liz Weston

imagesToday’s top story: How life insurance can affect your estate taxes. Also in the news: Money tips for new workers, 401(k) tips for when you quit your job, and important money lessons for kids under 5.

How Life Insurance Can Affect Estate Taxes
Life insurance comes into play if you have a sizeable estate.

4 Money Tips for New Workers
Using your paycheck strategically.

Roll over or not? Smart 401(k) moves when you quit your job
Don’t lose out on your contributions.

3 Important Money Lessons Kids Under 5 Should Know
It’s never too early to start.

Filed Under: Liz's Blog Tagged With: 401(k), estate taxes, kids and money, life insurance, money lessons, money tips, Taxes

Why We No Longer Fear the IRS

March 23, 2016 By Liz Weston

gpbh8nungoaljipue96oOur tax laws are complex and often difficult to understand. Tax professionals warn us of the perils of audits. Penalties for getting our taxes wrong can be stiff — up to and including jail for those who deliberately evade the taxman.

So why don’t we fear the IRS?

Clearly, we have some fears about April 15. A recent NerdWallet survey found seven out of 10 taxpayers have concerns about filing their taxes, such as making a mistake (17%), paying too much (15%) and not getting the biggest possible refund (14%).

But only 11% feared getting audited, NerdWallet found. A recent Rasmussen Reports poll put the number at 14%.

In my latest for NerdWallet, why Americans are less afraid of the IRS than they are of reptiles.

Filed Under: Liz's Blog Tagged With: IRS, Taxes

Wednesday’s need-to-know money news

March 23, 2016 By Liz Weston

Today’s top story: How to start investing. Also in the news: Inexpensive online money management classes, social media scams to watch out for, and why your busted March Madness bracket isn’t all bad news.

New to Investing? 4 Steps to Get You Started
Putting your money to work.

Your Guide to Inexpensive Online Money Management Classes
You can’t afford not learning how to manage your money.

3 social media money scams you need to watch out for
If it sounds too good to be true…

Your March Madness Gambling Losses Could Soften the Blow of Tax Season
Your busted bracket isn’t a total disaster.

Filed Under: Liz's Blog Tagged With: gambling losses, Investing, money management, money management classes, online scams, social media scams, Taxes

Tuesday’s need-to-know money news

March 22, 2016 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: How to save money while repaying Parent PLUS loans. Also in the news: Why your dog needs liability insurance, where you’re paying more in fees than you should be, and how to itemize common tax deductions.

Got Parent PLUS Loans? Save Money With These Alternative Payment Plans
Repayment plans that could save you money.

Why Your Dog Needs Liability Insurance
Fido’s bite could cost you big bucks.

6 Places You’re Paying More In Fees Than You Have To
Fighting back against the nickel-and-diming.

The Right Way to Itemize These Common Tax Deductions
Don’t pay more than necessary.

Filed Under: Liz's Blog Tagged With: excess fees, fees, Parent PLUS loans, pet liability insurance, pets, Student Loans, tax deductions, Taxes

Monday’s need-to-know money news

March 21, 2016 By Liz Weston

downloadToday’s top story: How to apply for a credit card after bankruptcy. Also in the news: Avoiding stress while paying down debt, the biggest tax “break” you shouldn’t forget, and how to slash your cable bill.

Applying for a Credit Card After Bankruptcy
Starting over.

Avoid Over-Stressing Your Budget When Paying Down Debt
Be patient with yourself.

The Single Biggest Tax Break You Shouldn’t Forget
Shrinking your capital gains tax.

7 Tips for Slashing Your Cable Bill From Guys Who Do It for a Living
Meet the BillFixers.

Filed Under: Liz's Blog Tagged With: Bankruptcy, capital gains tax, cord cutting, credit card, debt, tax break, Taxes, tips

Friday’s need-to-know money news

March 18, 2016 By Liz Weston

indexToday’s top story: The lies we tell to save a little money. Also in the news: The danger of confusing personal and business expenses on your taxes, how $1,000 invested at birth could be a game changer, and five changes you need to know about this year’s taxes.

Survey: Men, Students, Parents Among Those Most Likely to Say Money Lies Are OK
The lies we tell to save a little cash.

Confusing Personal With Business On Your Taxes Can Mean IRS Penalties Or Jail
Be careful where you list those deductions.

How $1,000 Invested at Birth Could Change Everything
Could “KidSave” accounts be the answer to retirement nest eggs?

5 Changes You Must Know About Before Filing Your Taxes This Year
More than just the filing date has changed.

Filed Under: Liz's Blog Tagged With: expenses, KidSave, money lies, nest egg, Retirement, tax changes, tax deductions, Taxes, write-offs

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