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, […]
Tax
The vehicle registration notification came in the mail today — but I expected this. The amount on the bill to register the van we bought in January was a bit of a shock to the system, however. Before purchasing our new family car, we owned the same 2 vehicles for almost ten years. The yearly registration fee […]
For several years in the early 2000s, I worked at a Boys & Girls Club in downtown Columbus, Ohio. Though it was an incredibly rewarding job, the staff at our club were handed an administrative headache when a local resident decided to donate his 15-year-old Toyota Land Cruiser with 600,000 miles on it. (And yes, […]
The lazy, hazy, crazy days of summer are officially here, making it the perfect time to lounge by the pool, take a little vacation… and do a little tax preparation. Yes: tax preparation. While we think of tax season as being in the spring, planning for the big April 15th deadline is something you can […]
Gasoline prices are a hot topic. They feed debates around the water cooler, incite noon-hour rushes to fill up before price hikes, and even motivate boycotts. Because our mobile society still relies heavily on gasoline and diesel fuel for our transportation needs, this will continue to be an issue that affects just about everyone. Although […]
Few things can strike dread into the heart of the average American like tax season. Considering the complexity of filing taxes — and the potentially high stakes for making a mistake — it’s no wonder that anywhere from 20% to 25% of taxpayers wait until the two weeks before April 15 to prepare and file […]