There’s still another month or so of summer, but it’s time to start thinking about back-to-school supplies if you’re a parent or student. And, if you’re like most families surveyed by the National Retail Federation, you’ll be spending a little more than last year — as much as 9.6% more. Market analysts consider it a […]
One of the ways that many people achieve financial freedom today is to start freelancing, as being self employed provides a degree of freedom while still allowing you to make money. However, when you transition to freelancing from working a “real” job, there are a few things you are likely to take for granted. Here […]
One of the worst feelings in the world is knowing that you can’t pay your taxes. This year, due to my divorce and the way my business is set up, my ex and I together owe about $25,000 dollars in state and federal taxes. We agreed to just splitting that bill down the middle because […]
Anyone who’s gone to college is familiar with the yearly process of filing a FAFSA to determine their eligibility for federal student aid, and the many frustrations that accompany it. For instance, it’s important to file as soon as possible after January 1st since funds are often awarded on a first come, first served basis, […]
Welcome to our newest reader question series where we feature an inquiry submitted by the MoneyNing community, along with our answers. Today’s question relates to Flexible Spending Accounts and dependent daycare expenses.
Every year, the IRS evaluates inflation and other items and decides how much savers can sock away in tax-advantaged retirement accounts. Coming in 2015, there will be higher limits for 401(k) accounts, and the income level for IRA phaseouts will also increase.* This means you have the chance to put away more for retirement, […]
