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Articles in Taxes

2012 Energy Tax Credits Reduced
Tue, 01/10/12 | 19 Comments
2012 Energy Tax Credits Reduced

Update: the 2015 and 2016 energy tax credits have been released.
2012 Energy Tax Credit Updates
If you were planning a modest home improvement update that would save you future energy costs and reduce your carbon footprint …

2012 Tax Brackets & Standard Deductions Changes
Wed, 01/4/12 | 6 Comments
2012 Tax Brackets & Standard Deductions Changes

Update: the 2013, 2014, 2015, and 2016 tax brackets and standard deductions have since been announced.. What follows is for the 2012 calendar year.
As you’re likely starting to put things together for your 2011 tax …

Will you Qualify for the Saver’s Tax Credit in 2011 or 2012?
Sat, 11/5/11 | 14 Comments
Will you Qualify for the Saver’s Tax Credit in 2011 or 2012?

What is the Saver’s Credit?
The Saver’s Credit (officially dubbed the ‘retirement savings contribution credit‘) is a lesser known, highly advantageous tax credit that the IRS makes available to low and moderate income taxpayers who make …

2012 Traditional & Roth IRA Maximum Contribution Limits
Mon, 10/24/11 | 3 Comments
2012 Traditional & Roth IRA Maximum Contribution Limits

Update: the 2013, 2014, 2015 and 2016 maximum IRA contribution and income limits have since been announced.
Last week, I reported the IRS announcement of the 2012 maximum 401K contribution limit increase. Right after, a few readers …

7 IRS Audit Red Flags you Should be Aware of
Mon, 04/4/11 | 5 Comments
7 IRS Audit Red Flags you Should be Aware of

This is a guest post by 20SomethingFinance reader and frequent commenter, Natalie H. Natalie is a tax preparer, so her advice here is very insightful and helpful. Her passion for answering income tax related questions …

Energy Tax Credits Extended but Reduced in 2011
Mon, 01/10/11 | 10 Comments
Energy Tax Credits Extended but Reduced in 2011

Update: the latest energy tax credit details have now been released.
Energy Tax Credit Changes in 2011
There is a home Energy Tax Credit this year, it’s just not half what it used to be. Literally. The …


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