Standard Deduction 2011 and 2011 Tax Brackets

Current Standard Deduction and Tax Brackets The IRS has announced new 2011 tax numbers regarding the standard deduction for single filers and for those married filing jointly, as well as the 2011 value of the personal and dependent deduction. By law, these standard tax numbers are adjusted for inflation each …

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annual personal finance checklist

New Year Finance Checklist

It’s a new year. Contrary to popular opinion, for the most part, when it comes to money, finances, banking and investing, it doesn’t really matter if the year is new or not. That being said, plenty of people take the opportunity of a fresh calendar to take a fresh look …

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end of year december finance money

Money Investing and Personal Finance End of Year

Here comes the end of 2015, are you ready? Are your finances and investments ready? On the one hand, the end of the year means absolutely nothing to your money. Those twenties in your wallet don’t care what year it is, and your bank accounts don’t either. The stock market …

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Mortgage Tax Deduction End of Year

Every year a plethora of financial articles come out telling people how to save money on their taxes at the end of the year. It’s a fine idea, and frankly, no stone should go unturned. However, the best tax planning takes happens year round. That being said, there are numerous …

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IRS Hacked Again

This is getting ridiculous. The IRS was hacked again. This time, hackers were able to circumvent the security protocols used to prevent unauthorized use of the online system to get a tax transcript. For those of you that aren’t familiar with the concept, you can see a tax return transcript …

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What You Need To File Your Taxes

If you are an American, chances are you have started receiving tax forms and reports from various companies. Recently, many companies, banks, brokerages, mortgage companies, and charities have started providing tax reports and forms electronically. Ironically, you may get a notice in the mail from these entities telling you that …

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RMD Rules Required Minimum Distributions Guide

Why Are There RMDs or Required Minimum Distributions? Required minimum distributions, or RMD, is the minimum amount you must withdraw from certain retirement accounts each year. To understand why there are RMDs, it helps to look at things from the government’s perspective. The government runs by collecting tax dollars. However …

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