2019 Tax FAQ’s

2019 Tax FAQ’s

Got tax questions? I have the answers. All of those confusing changes in the TCJA (Tax Cut and Jobs Act) have led to some unexpected outcomes – like teeny, tiny refunds or surprise tax bills. Plus, the forms that were supposed to be “postcard-simple” are confusing even for the experts. I’ve been getting a lot of questions this year – and expect I’ll get a lot more. If you have any questions that aren’t answered here, add them to the comments and I’ll answer as soon as I can. You can also contact me here. Here are the questions I’ve…

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You Can Stop Living Paycheck-to-Paycheck

You Can Stop Living Paycheck-to-Paycheck

Worrying about whether you can cover all the bills this month is one of the worst feelings a single mom can have. And knowing that you definitely can’t feels even worse. When you’re living paycheck-to-paycheck, almost anything can knock your finances off course. A bigger than expected electric bill … a smaller than expected tax refund … a sick kid … a birthday party. You have to turn to credit cards, and that only makes next month’s bills even worse. And no matter how much you’re earning, you can get stuck in this damaging financial cycle. It’s impossible to save…

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Save $2,000 Using Head Of Household Tax Status…Here’s How To Qualify

Save $2,000 Using Head of Household Tax Status…Here’s How to Qualify

Updated for 2019 You can save more than $2,000 on your tax bill by checking one little box: Head of Household status. That’s why you and every eligible single mom should claim Head of Household (HoH) status… to keep that income tax bill as low as possible. Using this filing status can save you hundreds, maybe even thousands, of dollars on your income taxes. For one thing, the standard deduction using HoH status is $18,000. If you file as single instead, it’s only $12,000. So with HoH, you automatically pay taxes on $6,000 less for a minimum tax savings of…

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Earn $50 – or More – Tonight While Sitting on Your Couch

The situation feels impossible: You need more money to take care of your family than your day job supplies, but can’t afford any more childcare costs (and your kids are too young or immature to be home alone). So many of us single moms find ourselves in exactly this position, desperately needing a way to bring in some cash and not seeing a realistic way to make it happen. But thanks to the Internet, there are lots of ways to make extra cash – and not just pennies – without leaving your couch. The hours are flexible, so you can…

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8 Ways Selling Your Rings Can Help You Move Forward After Divorce

8 Ways Selling Your Rings Can Help You Move Forward After Divorce

Some of the links on this page are affiliate links. That means if you click on those links, I may receive compensation. I felt sad every time I saw my engagement ring in the jewelry box. It wasn’t your standard engagement ring– I’ve never been a big fan of diamonds. Instead, I had a small emerald in a simple setting, and I loved it. For a long time after my divorce, I held on to that ring, thinking that someday I might wear it again when seeing it stopped making me feel bad. That never happened. So I finally sold…

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