Stop paying $200 to file your taxes just to receive Earned Income Tax Credit and Child Tax Credit. Here’s how to do it for free with TurboTax.
If you receive EITC or the ACA subsidy, you should contribute to the Traditional 401k, not to the Roth 401k.
The IRS provided guidance on how to solve the circular reference math problem between the premium subsidy under Obamacare and the health care premium deduction for the self-employed.
Your marginal tax rate isn’t just the listed rate in the tax brackets table. Many phaseouts increases your marginal tax rate.
[This is a guest post from Bogleheads investment forum participant Bob’s not my name.] If you are a college senior or if you graduated this year, pay attention. The year in which you finish college and enter the workforce presents unique tax circumstances. In addition, you may think you are achieving financial independence from your […]
Are you a saver? I bet you are. Did you know there’s a tax credit called Saver’s Credit that reduces your federal income tax if you save for retirement in an employer sponsored retirement plan (401k, 403b, etc.) or in an IRA? If you knew, did you ever receive it? I bet you didn’t. I […]
This article explains the difference between refundable and non-refundable tax credits with illustrative charts.