Taxes

Top Ten Tax Saving Tips

By in Guest Post, Taxes, Tips | 0 comments

With April 15th looming just around the corner, many people are still scrambling to file taxes (unless they filed for an extension). If you have not filed your taxes yet, one of these 10 tips might help you maximize your tax return this year. Guest Contributor, Alexandra of Real Simple Finances.com 1. Choose your tax preparer carefully. Some people prefer doing their own taxes. Doing your taxes yourself can be cheaper, and you usually have better insight into your own situation than your accountant will. Personally, I visit a CPA. My accountant is wonderful to work with, and although it does...

Read More
Top Tax Tip Worth $372,220

Top Tax Tip Worth $372,220

By in Automatic Saving, Investing, Mutual Funds, Taxes, Tips | 16 comments

US News & World Report: Smarter Investor Blog-Top Tax Post “Good morning, I think we’re heading in the right direction as far as content goes. We’ve had some great tax planning advice stories, which have proven popular and we’re providing readers with more specific investment advice, which makes it more likely that your pieces are picked up by places like MSN Money.” ~editor, Smarter Investor Blog, US News and World Report Every month I get an email from my editor at The Smarter Investor Blog at US News and World Report. I anxiously await the monthly rankings to find...

Read More
What to Invest In If I’m In a High Tax Bracket

What to Invest In If I’m In a High Tax Bracket

By in Advanced Investing, Reader Question, Taxes | 1 comment

How Should I Invest if I’m In A High Tax Bracket and I want to Minimize Taxes?   Help, Where to Invest If I’m In a High Tax Bracket?   The owner of Money Smart Guides asks; “What investment strategy should a couple use if they’re in a high tax bracket and want to minimize taxes on their investments?”   First off, if you’re interested in this question, congratulations. This is a nice investing problem to have. There are actually two parts to the What to Invest In If I’m In a High Tax Bracket issue. First, there’s the question...

Read More

MBA Series; BOND INVESTING – TAX FREE OR TAXABLE, WHICH TO CHOOSE?

By in Advanced Investing, Bond, Taxes | 8 comments

Tax Free or Taxable Bonds? Use a Simple Formula to Choose PRINT THIS ARTICLE OUT AND SAVE FOR REFERENCE I started investing in my 20’s when I came into a small inheritance from a great aunt. My fear of the stock market and recollection of stories of the great stock market crash of 1929 led me to invest in bonds as a safer way to grow my money. Flash forward several decades, as I prepare the lectures for my university Investments class, I am struck by how easy it is to decide whether to invest in taxable or tax...

Read More

Tax Time Help; 10 Money Saving Tax Resources

By in Taxes | 8 comments

Tax Return Strategies for 1040, Schedule A, C, E and More Do you prepare you own taxes or use a preparer? Did you do your taxes in early February or are you waiting until the last minute? Do you need some tax time help? I never get my taxes done early. In fact, I’ve been known to fill out an extension on occasion:). Some of you may be quite savvy at grabbing all of the deductions you deserve. Others, not so much. If you need some money saving tax resources and inspiration, continue reading. This article is a resource...

Read More

6 Tax Tips For High Income Investors

By in Advanced Investing, Investing, Reader Question, Taxes, Tips | 8 comments

Investment Strategies For High Income Earners Jon, from MoneySmartGuides asks;  “What investment strategy should a couple use if they are in a high tax bracket and want to minimize taxes on their investments?” Who doesn’t want to (legally) reduce taxes? I had the good fortune of being brought up by someone who was supremely focused on tax reduction. From the time I was a teen, my dad recommended tax reduction strategies. I pride myself on keeping abreast of the legal methods for reducing taxes by investing. In fact, I just wrote about how I started out investing the maximum...

Read More