How to Get An Extension of Time to File Your Tax Return

2015 Federal Tax Brackets

Recently I Interviewed Mark Steber, Chief Tax Officer at Jackson Hewitt. The interview focused on last-minute tax tips, but he also discussed some tips on how to file an extension for your income tax return. Filing for an extension is a simple process for the most part. That is, as long as you do it […]

Published or Updated: April 11, 2015

10 Last Minute Tax Tips From Jackson Hewitt

Taxes

With April 15th just around the corner, I jumped at the chance to talk with Mark Steber, the Chief Tax Officer with Jackson Hewitt. Jackson Hewitt is one of the largest tax preparation services in the country. Mark has been with the company for about a decade and has worked in various facets of income […]

Published or Updated: April 8, 2015

2015 Federal Income Tax Brackets

2015 Federal Tax Brackets

Just as the sun is setting on the 2014 income tax filing season, it’s time start looking toward the year that’s already in progress. To get the ball rolling, let’s look at the 2015 federal income tax brackets. Each year the IRS adjusts just about everything connected with income taxes – including income tax brackets – to […]

Published or Updated: April 2, 2015

How to Adjust Your Tax Withholdings for a $0 Return

Tax Withholding

It’s still early in the new year, and certainly early enough if you’d like to adjust your tax withholdings to a more accurate number. Most of us are aware that we can do that simply by filling out IRS Form W4 with our employers. The form enables you to adjust your income tax withholding by […]

Published or Updated: April 24, 2015

FreeTaxUSA Review

Free Tax USA Review

FreeTaxUSA is an online tax preparation website that enables you to Prepare, Print & E-file your taxes free. At least that’s true in regard to filing your Federal income tax return. This looks to be a pretty solid, if not spectacular, online tax preparation software. Let’s take a closer look. Who and What is FreeTaxUSA? […]

Published or Updated: March 30, 2015

How to Determine if You’ll Owe the Obamacare Penalty Tax

Obamacare Penalty Tax

The Affordable Care Act (ACA) was the biggest overhaul in the US healthcare system since the implementation of Medicare in 1965. It is an attempt to expand health care coverage to the entire population, as well as to eliminate traditional barriers, such as pre-existing conditions. These benefits, however, do not come without cost. One of […]

Published or Updated: March 30, 2015

The Cheapest Tax Software of 2015–TurboTax vs TaxAct vs H&R Block

The Cheapest Tax Software of 2015

There are three major tax preparation software packages on the market that most do-it-yourself tax preparers will use – TurboTax, TaxACT and H&R Block. Comparing these three options to find the cheapest can be a real chore.  Each has several editions with varying features. As a result, it is important to compare competing editions between […]

Published or Updated: February 8, 2015

A Guide to Tax Loss Harvesting & Robo Advisors

Tax Loss Harvesting and Robo Advisors

Tax loss harvesting is one of the few free lunches in the world of investing. With a little planning, you can reduce or even eliminate your capital gains in any given year. In some cases, you may also get a deduction from ordinary income of up to $3,000. Tax Loss Harvesting, sometimes abbreviated TLH, has come […]

Published or Updated: January 18, 2015

Marginal vs Effective Tax Rates–What You Need to Know

2015 Federal Tax Brackets

Several readers have recently emailed me about Roth retirement accounts. The questions that have arisen include the difference between marginal tax rates and effective tax rates. It’s an important topic that we’ll cover in two articles. In this article we’ll walk through the difference between marginal and effective tax rates. In the next article we’ll […]

Published or Updated: May 24, 2014