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Category Archives: Individual Tax

How to Get a Jump Start on Taxes

Taxes are one of those things people tend to put off for as long as possible. After all, no one really likes doing them. But procrastination has consequences. For example, it increases your anxiety and leaves you more stressed. It …
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Why Are Taxes So Complicated?

Tax is simple in theory. The government keeps things in check, oversees regulations, and enforces the law. Since they don’t make money directly, a tax is added to the cost of goods, exchange of services, income received, etc. to pay …
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Health Insurance and Taxes

If you go to any news website (or if you’re old school, open a newspaper), you’ll quickly see a lot of articles talking about healthcare and health insurance. It’s everywhere right now. While we’re not going to give our opinions …
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Tax Advantages to Owning a Home

From a financial standpoint, owning a home can be a great decision. Whereas rent is an expense you will never see a return on, mortgage payments are an investment in your property. They give you equity. And assuming you bought …
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Marriage and Taxes

A lot of things change after a wedding: last names, addresses, banking accounts, schedules, priorities, interior decor, and more. One thing newlyweds don’t always think about is how their taxes change. That’s probably because most people don’t like to think …
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Estimated Quarterly Tax Payments

When you start a new job, one of the first things you typically do is fill out your tax information, usually in the form of a W-4. A lot of people don’t really understand what they’re doing while they do …
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What to Do with Your Tax Refund

Tax season is over! Congrats, you made it. Unless, of course, you didn’t submit your taxes on time. But let’s assume you did. Even better, you got a refund this year. Now you have all of this extra money lying …
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Taxes and Identity Theft – What You Need to Know

Imagine that you’ve gone through all the work of completing your taxes. The forms are gathered, filled out, and submitted. And the best part? You get a return this year. All you need to do is sit back and wait …
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Underpaying Your Taxes – Fines, Fees, and Other Fun Things

Recently, we talked about what happens if you don’t pay your taxes. The short version is: you should just pay your taxes and save yourself a lot of trouble. But what happens if you under pay your taxes? Well, it …
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What are the Chances I Get Audited?

Did you know the president of the United States is audited every year? It’s just one of the many sacrifices they make for our country. Thankfully, for the rest of us, the odds of being audited are considerably lower. But …
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