Invest

how to invest

Live

career, food, travel

Save

saving, credit, debt

Protect

insurance, security

Retire

401K, IRA, FI, Retire

Home » Archive by Category

Articles in Taxes

Congress Budget Deal Tax Break Extension Details
Mon, 12/28/15 | One Comment
Congress Budget Deal Tax Break Extension Details

Lost somewhere in the news cycle, probably due to the fact that there wasn’t the typical accompanying government shutdown apocalyptic threats (anyone remember the “fiscal cliff”?), Congress actually came to a rather quiet agreement on …

Saver’s Tax Credit Qualifications for 2015 and 2016
Wed, 10/28/15 | 18 Comments
Saver’s Tax Credit Qualifications for 2015 and 2016

Free money is great, so this post has been updated for the 2015 and 2016 tax years.
What is the Saver’s Credit?
The Saver’s Credit (aka the ‘retirement savings contribution credit‘) is a lesser known, highly advantageous …

2016 Tax Brackets & Standard Deductions Increased
Mon, 10/26/15 | 4 Comments
2016 Tax Brackets & Standard Deductions Increased

Last week, the IRS released the 2016 tax brackets and standard deduction amounts, and there will be a number of inflation adjustments over the 2015 tax brackets and standard deductions. Granted, the changes are minimal, …

How to Appeal an IRS Penalty
Wed, 06/10/15 | 6 Comments
How to Appeal an IRS Penalty

By all accounts, I’ve been a diligent taxpayer for the last decade plus – never a late fee, never a need for extension, never a penalty, never an audit (or reason to be audited).
So I …

The 2015 Energy Tax Credits (Updated)
Wed, 05/13/15 | 5 Comments
The 2015 Energy Tax Credits (Updated)

Update: As part of the congressional budget deal extender tax breaks, last year’s home energy efficiency tax credits were retroactively extended to include any purchases made in 2015. Additionally, the 2016 energy tax credits were …

The Impact of Saving our Tax Refunds
Mon, 04/13/15 | 7 Comments
The Impact of Saving our Tax Refunds

As we creep towards this week’s tax deadline, the IRS has been churning out data on average tax refunds already. So far this year, the average tax refund has come in at $2,893 – with …


Home | Sitemap | Terms | © 20somethingfinance.com