Would you believe me if I told you the government will pay you to save! I didn’t at first until I went to the IRS website to dig up the facts. It turns out it is the truth! If you save money, the government will give you a portion of it back as a credit
I am sure as you are reading the title, many things come to mind. What do I mean try to beat the government? With taxes! My Superbowl comes each year at tax time when I see if I am able to beat the government or not. Now I am not talking about fraud or
Single Tax Calculator Here is our post on the new tax law changes! How to use the calculator. Only modify the sections in green. AGI (Adjusted gross income)= gross income- specific deductions Specific deduction examples are traditional 401k or 403b contributions, HSA contributions, student loan interest, etc (more examples can be found on form 1040).
Top 11 things to do with your refund besides SPEND it Emergency fund- Are you prepared for an emergency? Don’t go into debt when the next car repair strikes. Fully fund your emergency fund to 3-6 months worth of expense. Murphy’s law will strike at some point. Reduce stress by being prepared for the next
Married Filing Jointly Tax Calculator Here is our post on all the new tax law changes! How to use the calculator. Only modify the sections in green. # of dependents= you + your spouse + qualifying children + relatives or parents (if you provide more than ½ their financial support) # of kids= How many