Now that you've bought six extra months by filing an income tax extension, you might be wondering what you need to do between now and October 15, 2013 when your 2012 tax return is due. We've addressed some of the most common questions below. Brought to you by TurboTax.com
Can't afford to pay your income taxes? You may be able to qualify for an installment plan with the Internal Revenue Service. The minimum monthly payment for your plan depends on how much you owe. Brought to you by TurboTax.com
The Internal Revenue Service allows taxpayers to file for a six-month extension if they need more time to prepare their tax return. You can obtain a tax extension for any reason; the IRS grants them automatically as long as you complete the proper form on time. Check your state tax laws; some states accept IRS extensions while others require you to file a separate state extension form. Brought to you by TurboTax.com
The Internal Revenue Service recognizes the fact that members of the United States armed forces are often deployed outside of the U.S. at tax time and gives many military and support personnel an extension on their tax deadlines. Brought to you by TurboTax.com
In general, you can deduct interest paid on money you borrow to invest, although there are restrictions on how much you can deduct and which investments actually qualify you for the deduction. Brought to you by TurboTax.com
If you thought going to college brought you immeasurable freedom, just wait until graduation. The truth is, graduating college brings more life changes than entering college - especially when it comes to your financial landscape. Take a look at some of the most beneficial money saving tips for college graduates. Full story
Phil "PT Money" Taylor on May 17, 2013 | 0 Comments
In today’s networked world, the Web is changing the meaning of work for many individuals. Rather than working one full-time job, people are increasingly earning their incomes from many small jobs. Tiny jobs enable workers to monetize skills that might not have generated income in the past. We examine the rise of the tiny job economy below. Full story
joshritchie on May 15, 2013 | 0 Comments
Becoming parents has changed our lives for the better, financially and otherwise. Even though she's tiny now, we're imagining how she'll grow in the years to come. For example, one of the goals we have is to have our little one be financially savvy with her money when it comes time for her to move out of our home. Here are some ways parents have successfully gotten their kids into saving their money.
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lpilk on May 15, 2013 | 0 Comments
On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers' pockets with the permanent passage of many tax breaks. The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013. Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds. Full story
turbotaxlisa on May 14, 2013 | 0 Comments
Tax season is over and you may not think about taxes until it's time to file next season, but did you know there are myriad of other taxes that are not just on your tax return? Most of us don’t think about that, but those taxes may tap into our wallets nonetheless. Here are just a few. Full story
ginitawall on May 13, 2013 | 0 Comments