In 2023, the average tax refund was $3,167, or almost 3% less than the prior year, according to IRS statistics. By comparison, the typical refund check jumped 15.5% to almost $3,300 in 2022, when taxpayers received generous tax credits like the expanded Child Tax Credit. The average tax refund in 2025 will likely be even higher. With the […]
The Average Tax Refund And How To Spend It To Maximize Profits Read More »
One of the most disappointing things about the government is their institution of the marriage penalty tax. The government is smart to laud the act of marriage in order to collect more taxes. When you’re in love, what’s an extra $1,000 or $10,000 a year in taxes you’ve got to pay? Love is blind and
At What Income Level Does The Marriage Penalty Tax Kick In? Read More »
Everybody needs a good savings guide to stay on track. Too many people don’t follow a savings guide and wake up 20 years from now wondering where all their money went! Good thing for you, I’ve been saving aggressively since 1999 and have a solution for you. When it comes to increasing your savings, you
A Savings Guide Based On The Taxes You Pay: TITTS Ratio Read More »
Ignorance is bliss. But, goofing up on your taxes can be costly. Let’s go through the main reasons to do and not to do your own taxes. When you don’t know your boss is getting a huge bonus for saving the firm money by screwing your bonus, you’re happy. When you don’t know the reason
The Main Reasons To Do And Not To Do Your Own Taxes Read More »
Trump’s middle class tax hike affected millions of Americans. This article was written to help prepare for Trump’s middle class tax hike. Now that Trump is no longer President doesn’t mean his middle class tax hike isn’t here. The Tax Cut And Jobs Act Lasts until 2025. With Joe Biden as President, taxes shouldn’t go
How To Prepare For Trump’s Middle Class Tax Hike Read More »
Some people have told me they plan to retire abroad if Donald wins. Others have said they’ll just stop working so much if Hillary gets elected. Will you be doing anything differently if Hillary or Donald gets elected now that Donald is going to be the POTUS for the next four years? I’m curious to know whether
How Does Your Financial Life Change After The Presidential Election? Read More »
Can someone please give us a rational argument why implementing a Flat Tax system in America is not fair? We don’t know if we can continue posting without thoroughly understanding this issue first. From a percentage basis, each person pays an equal amount of their income towards taxes, and from an absolute basis, richer people
We’re Ignorant Idiots! Please Tell Us Why A Flat Tax Is Not Fair Read More »
Do you want to avoid paying taxes? Most of us do. Let’s look at how one company legally found a way to avoid paying taxes through a complicated company holding structure. “Take money from your right pocket and put it in your left pocket. Now you have yourself a solution.” – Anonymous One of the
A Beautiful Way To “Legally” Avoid Paying Taxes And A Legal Settlement Read More »
I’ve been doing my own taxes for over 10 years. I didn’t do them when I first graduated college in 1999 because I didn’t know how. Further, DIY tax software wasn’t as easy to use as it is now. But after paying some accountant over $500 to do my taxes one too many years, I
Doing Your Own Taxes Might Make You Change Your Life Read More »
The income limits before tax deductions start phasing out are ~$260,000 for singles and ~$311,000 for married couples according to the IRS in 2019. In other words, after making more than $260,000/$311,000, you won’t be able to deduct the full amount of your mortgage interest and property taxes. You will also be subjected to the
Income Limits Before Tax Deductions Start Phasing Out Read More »
