Many tax cuts that were passed during the Bush era are scheduled to expire at the end of 2010. The Obama administration, however, has indicated its intention to extend some of those tax cuts, and it seems likely that Congress will see fit to make such extensions. As far as I can tell, the consensus [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
Health Savings Accounts (HSAs) are a pretty nifty way to save money. In short, if you’re eligible, they allow you to use pre-tax money to pay for medical expenses. This is done in either of two ways: Through making (pre-tax) payroll deductions directly through your employer, or Through claiming an “above the line” deduction for [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
As complex and intimidating as taxation can be for most people, it’s even trickier for unmarried and same-sex couples, as there are additional pitfalls to look out for. Estate Tax and Gift Tax Property that passes from one spouse to another is not subject to estate or gift taxes. Unfortunately, for couples the IRS considers [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
Last weekend, I decided (for an assortment of reasons) to move all the content over from my tax site to this site. In the process, it occurred to me that many readers here may not even be aware I had another site. So in the interest of a) pointing out articles that may be helpful [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
I was recently asked by a reader what a (debt-free) investor should do after maxing out his/her IRA and 401(k) contributions for the year. My suggestions for investing in taxable accounts can be summed up as follows: Make intelligent asset location decisions, and Choose tax-efficient funds for your taxable accounts. Index funds and ETFs are [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
If you’re eligible to contribute to either one, the “Roth IRA vs. traditional IRA” decision is primarily determined by one question: Do you expect to be in a higher tax bracket when you withdraw the money than you’re in now? If the answer is yes, then a Roth IRA is better (because the benefit gained [...]
For More Information, See My Related Book:
A testimonial from a reader on Amazon:
"Very easy to read and is a perfect introduction for learning how to do your own taxes. Mike Piper does an excellent job of demystifying complex tax sections and he presents them in an enjoyable and easy to understand way. Highly recommended!"
