The Last Day to File Taxes in 2017 (Don’t Forget!)

No big surprises this year. The last day to file taxes in 2017, for the 2016 tax year, is April 18, 2017. This is a few days later than the normal mid-April date since April 15, 2017, falls on a Saturday, and Monday, April 17, is the date of observance for a Washington, D.C., holiday […]

These 7 Strategies Save Us Thousands Each Year in Taxes

It’s time once again to start giving some thought to paying taxes. Who’s excited? Okay, even though it may feel like a chore it’s wise to do a little analysis at the end of the year to see if there are any year end tax planning moves you need to make. Remember, corporate returns are […]

The Official PT Money Tax Preparation Checklist

Time to file your taxes if you haven’t already! We’ve still got plenty of time before the last day to file taxes, so you’ve got time to get ready. But even if you want to purposefully wait till the last minute, it doesn’t hurt to start pulling together your information. I still try to follow […]

Wondering Where to Get Your Taxes Done? [3 Best Places & Prices]

Are you wondering where to get your taxes done? This is an important question to ask. You want to be sure you’re spending your money wisely and getting the best help possible for your situation. Here’s a question a reader just chimed in with: How do you recommend people get their taxes “done”? Should we […]

What If You Can’t Pay Your Taxes This Year?

It’s been an eventful few years with the IRS taking on major companies and even countries to recover taxes and penalties owed by businesses and individuals.  With the economy sluggish, and tax revenues falling, the IRS and many State governments are trying to close the tax gap (the difference between taxes owed and taxes paid) […]

Traditional and Roth IRA Contribution Limits for 2017

The 2017 IRA contribution limits remained stagnant from last year to this year. Traditional IRA and Roth IRA These Individual Retirement Arrangements or Accounts (IRAs) were created to provide a tax incentive to save for your own retirement. They are both excellent tools to help you in your efforts to secure a comfortable retirement. I have […]

10 Commonly Overlooked Tax Deductions for 2014

Are you doing your own taxes this year?  Do you review your tax return even if you have it prepared by a CPA, friend, TaxACT or H&R Block? Probably not a bad idea to give it a once over. If you do, consider some of these tax deductions (as noted by and make sure you […]

3 Easy Ways to File Your Taxes for Free

It’s tax time! You should have received your W2s by now so you should be ready to file your taxes.  April, the last month to file taxes this year, will be here before you know it. So get going. Luckily, if you meet certain criteria, you may just be able to file your federal taxes […]

Use the Federal Income Tax Brackets to See What You Really Owe

It’s that time of year again when our minds start turning towards what taxes we will owe come April. One of the critical pieces of the tax code are the federal income tax brackets. These tax brackets were created to facilitate the taxing of different levels of income. Our progressive tax rate structure (i.e. as […]

New Information About Your Flexible Spending Account [FSA] “Use It or Lose It” Rule

This is our annual reminder about spending your Flexible Spending Account dollars and setting your allotment for next year. New this year: based on a Treasury Department modification of the “use it or lose it” rule, some employers are allowing $500 to carry-forward from 2013 to 2014. The catch is that the grace period goes […]

Solo 401k vs SEP IRA: Which Should You Choose for Your Business?

One of the most common questions I see from new entrepreneurs is about their retirement plan options. Specifically, I see a lot of people talking about the Solo 401k vs SEP IRA. Today I’m going to explain what those two plans are, show you the differences, and share why I chose the Solo 401k. In […]

Is a Roth 401k Conversion the Right Decision For You?

Back in January of 2013, we were relieved to have averted the so-called fiscal cliff that had been the non-stop talk of the 24-hour news cycle throughout the end of 2012. While many aspects of the compromise—known as the American Taxpayer Relief Act of 2012 (ATRA)—were both well-reported and somewhat controversial, one benefit of the […]