Most people don't want have the inclination or time to learn everything about filing their taxes like Frugal Babe (although I am the same and want to do it myself, too) and feel more comfortable trusting a “professional”.  However, even if you have someone else do your taxes, it is important to take a few minutes and make sure everything is correct.  Miranda from Financial Highway has Top 10 Common Filing Mistakes which you can use as a guide to… Read the rest

We got a 3% cost of living raise at work; however, after increasing the tax deductions to where they should be after last year's Making Work Pay Tax Credit, some people are actually taking home less money than they did last year. I'm willing to bet most companies did not give a raise, so many people will be looking at a smaller take home amount. I am one of the few who saw actually saw a raise in pay, but… Read the rest

Last year we chose to file an extension, so our taxes weren't due until October 15th. I actually thought we were done on April 4th, and had posted about that but then I went and read a book on self-employment taxes and got myself all freaked out.  This year I hope to have them done by April 15th. It is just too nerve wracking waiting for six more months. Anyway, we owed more money to federal than I'd anticipated, and… Read the rest