It can be so frustrating watching other people make mistakes when you know better. In this post I go through several mistakes that I have personally witnessed in hopes that it will help you avoid them and their ugly consequences.
Estimated mortgage payments listed on popular websites can be very misleading. Mortgage payments consist of a lot more than just principal and interest.
Federal tax laws are so complicated that most people outsource tax preparation and have little understanding of how it all works. Do you know how your taxes are calculated? Or the difference between a credit and a deduction? It’s your hard-earned money and your government, so you really should.
Taxes are a huge part of our lives as American citizens. However, there’s a lot of confusion when it comes to taxes. After all, the Federal Tax Code has about 3 million more words than the Bible. There are a lot of myths floating around regarding taxes, and it can be hard to separate fact from fiction. Here are some common beliefs regarding taxes and the truth behind them:
Having a baby comes with a lot of responsibility and a long to-do list. Here are the things you should do legally and financially to set yourself up for success once your little one arrives.
Both President-Elect Donald Trump and Republicans from the House of Representatives have drafted tax reform proposals. What are the chances of tax reform passing in 2017 and how would it affect you?
If you are a church employee, you may have to file Schedule SE (even though you’re not self-employed) and pay double payroll taxes. This is why.
The housing allowance is one of the greatest IRS benefits provided to ministers. If you haven’t been taking advantage of it, you really should. Taking a housing allowance will save you a lot of money come tax time.
If you have a high deductible health plan and are not using a Health Savings Account, you are missing out on some amazing tax benefits and probably wasting money.
Right now is open enrollment for Obamacare. Learn how to get help paying premiums, the consequences of not enrolling, and whether or not it is even going to be around next year.