This summer, Colorado sales tax refunds are coming via check to everyone who filed Colorado income taxes by June 30, 2022. If you filed after that, you might be out of luck, or some people will get their refunds early in 2023. What Is This Colorado Summer Tax Refund? This is the Tabor tax refund …
Yes, you can pay your taxes by credit card, but it isn’t free. In order to pay your taxes by credit card, you must use one of three payment processors. They charge slightly different fees to process your credit card tax payment. How Much Will It Cost to Pay My Federal Income Taxes with a …
Update: It’s been 15 days of breathless up and down headlines from the financial media since I first wrote this article, and the stock market is STILL trading sideways. Take a look at three months of the Dow. The stock market often trades “sideways” as it consolidates after moves up or down. This is very …
If you can’t get your taxes filed on April 15, 2022, don’t worry! You get a few extra days this year, and you can always file for an extension. Normally, Tax Day is April 15th, However, Washington D.C. celebrates a legal holiday called Emancipation Day on April 15th this year, so tax due day is …
OK. Let me start by saying that if your adjusted gross income is going to end up in the six figures, you’re out. Go read this article about investing with Acorns, or this one about Credit Karma reviews, or this one about maximizing cash back with Rakuten. Also, there are some “special situations” that we …
How To Qualify for the Earned Income Credit – The Easy Version Read More »
Republicans passed the Tax Cuts and Jobs Act in 2017 reshaping the way many Americans pay taxes. Apart from the uninspired, and obvious marketing, based name, the law made some deductions disappear. It tried to fill in those deductions by giving everyone a higher standard deduction. Theoretically, people pay the same or lower taxes and …
If you are thinking, how can I file my taxes for free, you might also be thinking that the IRS should offer a way to file taxes for free online. After all, how hard can it be to write a simple, free income tax preparation software, when you are the ones that actually write the …
I live in Colorado. Most of personal finance and achieving financial independence applies to everyone, nationwide. When it comes to taxes though, there is a great deal of variation among states. I may dig into some other states as time provides, but for now, here are some 2021 Colorado Income Tax Tips for the taxes …
The IRS just released the new tax inflation adjustments for 2022. As you are likely aware the IRS adjusts some tax deductions and income limits for inflation each year. The new 2022 tax numbers are higher across the board thanks to higher than the last few years inflation numbers. New 2022 Standard Deduction The Trump …
New 2022 Tax Numbers Released – Good News for Taxpayers Read More »
Can you deduct medical expenses in 2021? Are your medical expenses tax deductible? Yes… but… Medical Expenses Tax Deduction Limit Medical expenses are tax deductible for 2021, but only after they exceed 7.5% of your income. You also must itemize your deductions to claim the medical expenses tax deduction. Finally, medical expenses are deductible in …