Here are five simply steps to successful budgeting: Income - List all sources of income, whether it be a regular paycheck or irregular income streams. Expenses - Know and document your regular and irregular expenses. Prioritize Wants vs. Needs - Make a list of all of the things you spend money on each week and each [...]
If you are past the age of 50 and stressed about your retirement savings, you don't have to worry. The following tools will help you maximize your retirement even at your current age. If you are 50 or over, you are eligible to take advantage of catch-up provisions in the tax code. For example, if you [...]
This video was published by the IRS. The IRS is working hard to serve you better. One way they are doing this is by offering access to some of your Federal Tax Account information online. Just visit IRS.gov/account to get started. You can access these features: Your balance and details, if you owe federal taxes. Links [...]
Most individuals have a portion of their pay withheld by their employer to be paid to the IRS. However, in certain situations, such as when you are self-employed and receive a 1099, this process happens a little differently. Estimated taxes are payments made quarterly to the IRS directly from an individual. This is to make sure [...]
Raising children brings with it many exciting milestones. Paying for college isn't one of them. If you are worried about paying for your children's college, here is a guide to help you get started: Step 1: Consider opening a college savings account. There are currently two main types, a Coverdell Education Savings Account and a 529. [...]
