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Taxes

Thursday’s need-to-know money news

March 17, 2016 By Liz Weston

interest-rates-300x225Today’s top story: How to find the best mortgage interest rate. Also in the news: How to financially prepare for a spouse’s deployment, the biggest credit card mistakes made by millennials, and where to find the best St. Patrick’s Day deals.

How to Score the Best Mortgage Interest Rate
Finding the best interest rate on a mortgage that suits your needs.

How to Plan Financially for a Spouse’s Absence
Getting your finances in order before a spouse is deployed.

The 4 biggest mistakes millennials make when it comes to credit cards
Mistakes that can have long-term consequences.

The Best St. Patrick’s Day Sales and Deals of 2016
There are deals to be found at the end of the rainbow.

Before Filing Your Taxes With IRS, Consider This
There’s such a thing as too much information.

Filed Under: Liz's Blog Tagged With: couples and money, Credit Cards, credit mistakes, deployment, interest rates, IRS, millennials and money, mortgages, real estate, St. Patrick's Day deals, Taxes

Wednesday’s need-to-know money news

March 16, 2016 By Liz Weston

refinancingToday’s top story: How to win a bidding war in a hot housing market. Also in the news: How to retire during a bear market, how to get your financial priorities straight, and how to survive an IRS audit.

6 Ways to Win a Bidding War in a Hot Housing Market
Strategies to help you come out a winner.

How to retire in a bear market
Quitting work when the market isn’t cooperating.

Is Your Money Going Where It Needs To? How To Get Your Financial Priorities Straight.
Time to get things sorted.

The IRS Audit Survival Guide
Don’t panic.

Filed Under: Liz's Blog Tagged With: audit, bear market, financial priorities, housing market, IRS, Retirement, Taxes, tips

Tuesday’s need-to-know money news

March 15, 2016 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Home-related tax deductions you shouldn’t overlook. Also in the news: What to do if you’re behind on your health insurance premiums, the benefits to itemizing your taxes, and secrets to getting the best deal on a new car.

4 Home-Related Tax Deductions You Shouldn’t Overlook
Every deduction helps.

Behind on Health Insurance Premiums? Here’s What to Do
Act quickly.

Is itemizing your taxes worth the hassle?
You could be leaving money on the table.

20 secrets to getting the best deal on a new car
Don’t get taken for a ride.

Filed Under: Liz's Blog Tagged With: cars, health insurance premiums, new car purchasing, tax deduction, Taxes, tips

Q&A: Gift tax returns

March 14, 2016 By Liz Weston

Dear Liz: You recently answered a question about gift taxes and mentioned gift tax returns. Who is supposed to report the gift, the one giving or the one receiving the money? It seems like the one receiving the gift should, but in the answer it seemed the one giving the gift was subject to taxes.

Answer: The giver would file the return. The gift tax rules require people to report any annual gift over $14,000 to any one person, although the givers don’t owe gift taxes until those aggregate amounts exceed a certain limit (currently $5.45 million). The gift tax rules are designed to keep wealthy people from circumventing estate tax laws by giving vast amounts to their heirs before they die.

Filed Under: Q&A, Taxes Tagged With: gift tax, q&a, Taxes

Friday’s need-to-know money news

March 11, 2016 By Liz Weston

taxesToday’s top story: How to write a retirement plan. Also in the news: The tax advantages of homeownership, tax tips for members of the military, and the billions of dollars in unclimed tax refunds.

How to Write a Retirement Plan
It’s a lot simpler than you might think.

Still Renting? You’re Missing These Tax Advantages
Homeownership has its benefits.

7 Tax Tips for Military Members
The IRS has special rules for military members.

The IRS Says They Have $1 Billion in Unclaimed Refunds, So Make Sure to Claim Yours
If you didn’t file taxes in 2012, you could be missing out on hundreds of dollars.

Filed Under: Liz's Blog Tagged With: home ownership, military and taxes, real estate, Retirement, retirement plan, tax breaks, Taxes

Thursday’s need-to-know money news

March 10, 2016 By Liz Weston

services_billToday’s top story: The pros and cons of automatic bill payments. Also in the news: When it’s time to sell a mutual fund, what you need before you file your taxes, and when to consider locking your Social Security number.

Pros and Cons of Automatic Bill Payments
Convenience could come at a price.

5 Reasons to Sell a Mutual Fund
The five signs that point to sell.

What you need before you file your taxes
Gather all your documents.

Should You Lock Your Social Security Number?
Guarding against identity theft.

Filed Under: Liz's Blog Tagged With: automatic bill pay, mutual funds, Social Security number. identity theft, tax preparation, Taxes

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