TurboTax Live Review: File Your 2017 Taxes at Home with Expert Help

This post is brought to you by TurboTax. While this is a sponsored post, all content and opinions expressed here are my own. f you're like you, you probably have a long history with TurboTax. They were the program I used back when I was filing taxes as a single graduate student in 2006, and they helped me throughout the life changes that followed as I got married, bought a house, had kids, and moved to two different states. This year, I was delighted to use their … [Read more...]

Important Tax Law Changes You Need to Know [ Updated for 2018]

Getting psyched to do your taxes? I suppose if you're expecting a refund you might be. Or if you're kind of a tax nerd like me, you might take some pleasure in breaking down the tables and watching the software do its thing. Or you might be interested to see how the recent Tax Cuts and Jobs Act of 2017 will affect your tax burden. In any of these cases, here are the tax law changes that apply to the 2018 tax year. Please note, these are the changes that affect your … [Read more...]

TurboTax 2018 Review | Popular Online Tax Software

TurboTax is one of the most popular tax preparation software programs out there and for very good reason. It offers a step-by-step process for preparing your taxes so you can rest assured that every I is dotted, every T is crossed, and every eligible deduction is taken. They take care of yearly tax updates, making sure that their customers comply with the confusing and constantly changing tax code. All you need to do is decide which of their versions to use, then … [Read more...]

H&R Block Tax Software 2018 Review

H&R Block is one of the biggest names in tax preparation, responsible for preparing a whopping 1 out of every 7 tax returns that are filed in the United States. Their huge command of the market is due to the fact that they have both 10,000 physical branches all around the U.S., as well as tax software that you can use at home to prepare your return. If you need a local branch, odds are there is one within 5 miles of you right now. For anyone who wants the … [Read more...]

10 Ways to Give More to Charity in 2018

Ever heard of the “James Bond of philanthropy,” otherwise known as Chuck Feeney? He made it his life’s mission to give away his entire $7.5 billion fortune while he was still living. At the end of 2016 he gave away his last $7 million to Cornell University, leaving him only $2 million to live on for the rest of his life. Over his lifetime his contributions totaled 420,000% of his net worth. He was the founder of The Atlantic Philanthropies, which supported … [Read more...]

How Long Will it Take To Get Your Tax Refund?

According to the IRS, they will issue "most refunds in 21 days or less." Every year it is a constant debate on what to do with my tax refund. Should I go on a trip? Should I pay off my student loans? Or should I invest the money? With a few calculations, I discovered that if I have a tax refund of $2,000 each year and invest it in the market for 15 years at 8% I will yield about $54,000. So, this year, I invested my tax return. This may not be the right solution … [Read more...]

The Last Day to File Taxes in 2018 (Don’t Forget!)

No big surprises this year. The last day to file taxes in 2018, for the 2017 tax year, is April 17, 2018. This is a few days later than the normal mid-April date since April 15, 2018, falls on a Sunday, and Monday, April 16, is the date of observance for a Washington, D.C., holiday known as Emancipation Day. So the tax deadline is the next day after that -- April 17. This year you will have a few more extra days to work on your taxes. But don't wait until the last … [Read more...]

How to File Your Taxes for Free This Year!

It's that time again: Tax Time! While many people may struggle to complete their filing on time, why don’t you get ahead of the game and start preparing now? 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--and your state taxes--without spending a penny! Here are four ways you might be able to file your taxes for free this … [Read more...]

Your Flexible Spending Account [FSA] “Use It or Lose It” Rule – What You Need to Know

This is our annual reminder about spending your Flexible Spending Account dollars and setting your allotment for next year. Based on a Treasury Department modification of the “use it or lose it” rule, some employers are allowing $500 to carry-forward from 2017 to 2018. That means you can carry over up to $500 in unused FSA funds from this year to the next. For example, if you funded your FSA with $1,000 this year and only spent $500 from your FSA before the end of … [Read more...]

5 Tax Breaks for First Time Homebuyers

Ready to jump into homeownership? Is owning a home a financial milestone that you have been dreaming about your entire life? Many people dream of becoming homeowners. They dream their entire lives of getting the keys to their first home. But it can be overwhelming trying to figure out how to handle all the costs of purchasing a home. Things like, saving up the down payment, handling closing costs, and dealing with the necessary incidental costs of new … [Read more...]

Does Your Teen Have to Pay Taxes?

Do you remember your first job? Do you remember the thrill of finally earning your own income? I do. I was 15 and received my lifeguard certification. I thought that I was one of the coolest kids around. Not only was I earning a little extra cash but I was spending my days bathing in the sun. Chances are, your teenager wants the opportunity to make some extra cash. Whether she is working a traditional job with a paycheck or mowing neighborhood lawns for cash, your … [Read more...]

Where to Get Your Taxes Done in 2018 (The 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 go to an accountant, or one of those companies that have the guy dressed as the statue of liberty standing outside waving a banner, or TurboTax (or the like)? My … [Read more...]