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In the world of personal finance, asking what's the worst that could happen is not the same as asking: "will I be able to afford this?" or "have I saved enough for retirement?"
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The Who, What, When, Where and Why of Retirement

If things are good, for some they won't be good enough. If it turns out that things are not so good, someone will ultimately benefit for this off-chance negativity.
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American dream or not, the games you may have once played with financing your home are not available for the vast majority of homeowners.
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Is the insurance industry the next victim of the financial crisis?
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The mutual fund investor has a great many more options available to them in the post-Great Recession marketplace. The question is: are they right for you as you make a retirement plan using 401(k)s or IRAs?
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on taxes


The biggest source of errors, according to TaxMama is taking a dependent your 'ex' is also claiming. That and getting Social Security numbers wrong.

The Current Wisdom from Eva Rosenberg,Your TaxMama


Earned Income Tax Credit Assistant
Will you qualify for the EITC this year? Don't guess. Know. The EITC is for people who work, but don't earn high incomes. If you qualify, it can reduce the tax you owe, or you may even get a refund.


Where's My Refund?
Get the lowdown on your refund now. Secure access anytime from anywhere. What a deal!

Earned Income Tax Credit (EITC) Can Lower Federal Tax Liabilities - Ask How!
EITC is a tax credit for people who work(ed) and didn't make much money. If you meet the requirements for EITC, and the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.


Calculators
How much self-employment tax will I pay? How much will my company bonus net after taxes?
How much of my Social Security benefit may be taxed? Will my investment interest be deductible?
Should I adjust my payroll withholdings? What are the tax savings generated by my mortgage?
How will payroll adjustments affect my take-home pay? Capital gains (and losses) tax estimator
Should I itemize or take the standard deduction? Compare taxable, tax-deferred, and tax-free growth
Filing Late and/or Paying Late: Information You Should Know
Before you decide not to file your tax return on time or not pay all of your taxes when they are due, consider this.

Extension of Time to File Your Tax Return
Need more time to prepare your federal income tax return? This page will direct you to information on how to apply for an extension.

Tax Information for Members of the U.S. Armed Forces
Members of the U.S. Armed Forces, especially those serving in combat zones, face some special tax situations and are entitled to some special tax benefits.

Everyday Tax Solutions
Taxpayers don't need to wait for special IRS events; they can solve federal tax problems everyday, in every Taxpayer Assistance Center. Getting information about your local IRS Taxpayer Assistance Center is so easy.

New Telephone Listings Available for your Local IRS Taxpayer Assistance Center
Getting information about your local IRS Taxpayer Assistance Center just got easier with new local telephone listings. You can get pre-recorded information about office hours and locations, or if you have a tax problem and want to make an appointment to talk with someone in person, leave a message and IRS will call you back. For tax law or account information, please call 1-800-829-1040.

1040 Central
What's new for this filing season.

Welcome to the IRS Withholding Calculator
This easy-to-use calculator can help you figure your Federal income tax withholding so your employer can withhold the correct amount from your pay. This is particularly helpful if you've had too much or too little withheld in the past, your situation has changed, or you are starting a new job.

Free Tax Return Preparation For You by Volunteers
Free Tax Preparation For You by Volunteers

Online Filing
Filing online is not for everyone. Here are a few simple things you need to keep in mind when you do decide to file electronically.

  1. Come to the process prepared. You will still have to dig up all the same personal financial histories (receipts, bank statements, pay stubs, etc.) that you would have had to do had you carted yourself off to the tax preparer. Because of this, it is not advisable to wait until the last minute.
  2. You can use the tools found at the following sites. They offer to allow you to work through the whole process without charging you for the service. If you should decide to file, then they will charge you for the effort. Stick with the big name filers such as turbotax.com and hrblock.com.
  3. If you have a complicated financial life that requires the input and expertise of someone well versed in the complexities of our tax system, this is not the way to go. Find yourself a good and reputable accountant. Ask a friend or an family member.
  4. Most of us will have to file state income tax returns and this will be an additional expense. But don't forget to do it!
  5. The process is incredibly quick and is perfect for those with simple returns. And if you are getting back an enormous amount of money, it is probably time to rethink that strategy. Too much of a return simply means that you have given the government more of your money, interest free, than they were entitled to.
  6. Save a copy of your return in printed form, and keep it for at least three years. If you have the room, keep it for ten.

    bluecollardollar: from the blog

    Retirement and Taxes: A Certainty

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