Archive for 'Taxes'

Jackson Hewitt Gets Jacked

Posted on 03. Jan, 2008 by .

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(Saw that headline today on Forbes and couldn’t resist!) As you know, I am adamantly opposed to any Company who markets products (especially financial products) that harm or take advantage of consumers who don’t know any better. For example, Pay Day Loan brothels (yes, I said brothels) take advantage of people in need of short-term [...]

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The Dead Cat Gets Passed Again: Congress Announces AMT “Patch”

Posted on 22. Dec, 2007 by .

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The House Democrats yielded to Senate Republicans on Wednesday by approving a last-minute one-year “patch” that will save nearly 23 million American taxpayers from owing the alternative minimum tax (AMT) when they file their tax returns April 15. Although the break is welcome, it is a little late – leaving taxpayers just a few days [...]

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How a Flexible Spending Account (FSA) Will Save You Money

Posted on 05. Dec, 2007 by .

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After a year at my new job the benefit enrollment season just opened again, and I made one change to by benefits that I hadn’t ever done before – I signed up for a Flexible Spending Account (FSA). For those of you that don’t know, a Flexible Spending Account allows an employee to set aside [...]

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There’s Still Time for Retirement Savings This Year

Posted on 14. Nov, 2007 by .

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For most tax-related issues, the IRS functions on a calendar-year basis. For example, all of your income made between January 1 and December 31 is taxable. If you have a child on January 1 of next year… that child tax credit isn’t available until next year. However, there are a few cases in which the [...]

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Should Congress Enact a War Tax?

Posted on 01. Nov, 2007 by .

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Top Democrats are proposing a “war surtax” to pay for the war in Iraq. Although plenty of Democrats and Republicans are opposed to the plan, it’s an interesting idea. The surtax would be a percentage of your tax bill, and if you don’t like the cost, then shut down the war. It’s a backhanded way [...]

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