The Most-Overlooked Tax Deductions


Updated 12/05/11 4:55 PM · Posted by · 0 comments

Common Tax Deductions That People Forget

We're thrilled to present this smart Kiplinger story here on Savvy! Every year, the IRS dutifully reports the most common blunders that taxpayers make on their returns. And every year, at or near the top of the “oops” list is forgetting to enter their Social Security number at the top of the tax form — or making a mistake when entering those nine digits. But think about it for a minute: Do Read more

Savvy Charity Guide: Your Favorite Picks


Updated 03/16/12 2:23 PM · Posted by · 0 comments

Best Charities

I can't think of any better way to end this year than to give back to society. Not to mention, if you give to nonprofits before New Year's Eve, it'll count as a 2010 tax deduction. If you're not sure where to put your money, read my interviews with the CEOs of Kiva and Room to Read to get a better feel of the two organizations. A lot of readers shared their favorite nonprofits with me, so if you Read more

Don't Forget to Donate Before the End of the Year


Updated 12/20/10 6:00 AM · Posted by · 0 comments

Make a Tax Deductible Donation Before End of the Year

December is always a flurry of gifting, decorating, and celebrating, and in the midst of it all, there's end-of-the-year finances to think about, too. If the spirit of giving has you thinking of donating goods or money to your favorite charity, don't forget to complete your donation before the New Year's Eve celebrations begin. We have until the end of the year to claim any contributions as a Read more

What It Takes to Buy a Home


Updated 05/21/12 3:34 AM · Posted by · 1 comment

Buying a Home: Questions to Ask

Do you have what it takes to buy a home? Consider this exhaustive guide from Kiplinger. Tired of renting? It could be a great time to buy your first home. In many cities, home prices have bottomed, and rents have risen. Mortgage rates are still superlow. In fact, homes haven't been as affordable since 1971. On the downside, in many cities, buyers have fewer homes from which to choose and more Read more

6 Tax Breaks For Science and Technology Enthusiasts


Updated 04/16/12 3:30 PM · Posted by · 0 comments

Museums and Technology That Are Tax Deductible

The tax man is sneaking up; with this year's deadline to file income taxes on Tuesday, April 17, don't spare one second to get your finances in order. If you're in fear of owing money, there may be some deductions you never realized were available just by being your science- and tech-savvy self! Check to see if you qualify for any of the six possible tax breaks below, and include them when you Read more

Savvy Links: Weird Tax Deductions That Actually Work


Updated 04/16/12 12:05 PM · Posted by · 0 comments

Weird Tax Deductions

Weird tax deductions that actually work — The Jane Dough 7 things to consider before starting your own business — LearnVest Compulsive eating at work: How to stop eating at your desk — HuffPost Women How to avoid new carry-on luggage charges — Wise Bread Ways to get a better credit score now — Credit Karma Strategies to fight food inflation — Bankrate 5 illegal interview questions Read more

Which Tax Records to Keep and Which to Toss


Updated 04/23/12 3:05 PM · Posted by · 0 comments

Keeping Tax Records

Now that you're done with taxes, it's time to do a little Spring cleaning with your financial documents. Kiplinger advises what to keep and what to toss. It's smart to keep your tax returns indefinitely. Old returns can provide important background information in a variety of situations — for example, if you're applying for a mortgage, applying for disability insurance or trying to figure out Read more

Don't Make These 10 Tax Mistakes When Rushing to File


Updated 04/13/12 12:45 PM · Posted by · 0 comments

When Is the Tax Deadline?

And the countdown begins . . . four days until Tax Day, which is on April 17 this year. Seems like most of you have already filed, but for those of you who haven't, Kathy Pickering, executive director of The Tax Institute at H&R Block, names some of the most common tax mistakes that people make. Here they are: Failure to take into account new tax laws. Recording an incorrect filing status, Read more

Don’t Forget These 5 Tax Breaks


Updated 04/09/12 4:55 PM · Posted by · 1 comment

Important Tax Breaks

Tax Day is nearing and when you're rushing to file, don't forget these tax breaks cited by Kiplinger for a bigger tax refund. With the tax-filing deadline coming up very soon, I'm still getting a lot of questions from people about potential tax breaks. Before you file, see if you’re eligible for the following deductions and tax credits. Tax breaks for college costs. The American Opportunity Read more

Everything You Need to Know About Retirement


Updated 04/16/12 1:28 PM · Posted by · 0 comments

How to Invest For Retirement

Does the topic of retirement make you scratch your head? LearnVest breaks it down for you in simple terms. You know what’s awesome? Retirement. No, really. Imagine it: Waking up every day to head to your favorite yoga/art/synchronized swimming class. Catching up with friends daily. Starting (and finishing) every book or movie that catches your eye. It’s the ultimate extended vacation, and Read more