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Category Archives: Individual Tax

Reasons Why You Shouldn’t Do Your Own Taxes

Every January, countless Americans ask themselves a question: Should I try and do my own taxes this year? There certainly seem to be some advantages. You don’t have to pay someone else to do them. You could “theoretically” get them …
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Will I Earn Less Money if I Get a Raise?

As we said in a recent post, the more money you make, the more taxes you’ll [likely] owe. Not only is there more money to pay taxes on, but you make enough, and you’ll be bumped into a higher tax …
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Why You Owe So Much in Taxes

It’s not fun to fill out your taxes expecting a refund, only to discover you actually owe money. Or maybe you were expecting to owe a little, but you end up having to payback a lot. How did this happen, …
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Tax Benefits of Going Green

It pays to be environmentally conscious. Literally. Not only is being green good for the world we live in, but it can be good for your finances as well. In an effort to encourage sustainability and good practices, the US …
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When Can I Start My 2017 Taxes?

Many people wait as late as possible to file their taxes. In fact, they might get an extension so that they can file them at a later date. In some cases, an extension can be a necessary measure due to …
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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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