Child Tax Credit: A Tax Break for the Middle Class
Kids are expensive. A typical middle class family spends nearly $250,000 to raise a child to the age of 18. While Uncle Sam can’t foot the bill for you, the Child Tax Credit can lessen the sting. See Also
Here's the First Thing You Should Do With Your Tax Refund
By Paul Sisolak As daunting as it is, there’s at least one thing you can look forward to during tax season: the arrival of your tax refund . During the 2015 tax filing season, the average tax refund was $2,797 — that’s enough money to buy five Apple Watches, treat yourself to a Caribbean cruise or snag a couple
Saver's Credit: A Retirement Tax Break for the Middle Class
Saving for retirement is even more rewarding if your earnings are low enough to qualify for the Saver’s Tax Credit. Single filers with adjusted gross income of $30,500 or less may be eligible. Taxpayers married filing jointly must have
Earned Income Tax Credit: A Tax Break for the Middle Class
Even if you don’t owe tax or aren’t required to file a return, there’s a strong incentive for people who work to file anyway the Earned Income Tax Credit. Depending on your income and how many children you have,
A Strategic Approach to Managing Taxes
There’s a reason everyone dreads the topic of taxes. Taxes can be your clients’ biggest expense — as much as 50 % in taxes a year, when federal, state and local taxes are combined. In fact, the average American spends more days working to pay off federal, state and local taxes than they do to cover the costs of
7 Advantages of Investing in Taxable Accounts
By Sam Farrington Learn more about Sam on NerdWallet’s Ask An Advisor We hear it time and again: Invest in a 401(k) , Roth IRA and/or traditional IRA to save for retirement. Invest in a 529 plan to save for your children’s college expenses. These accounts offer excellent tax advantages, but that
15 Minutes a Month to Maintain Financial Health
If you’ve been struggling to follow through with your financial goals for 2016, there’s still plenty of time to get back on
Use Tax Mapping to Trim Taxes in Retirement
Preparing for retirement isn’t just about accumulating enough
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