Financial Blog
Last Minute Tax Tip: Make a 2016 IRA Contribution
It’s not too late to make your IRA contribution for 2016, whether you go with the tax-deductible traditional IRA or the Roth IRA (which is not deductible this year but offers many other advantages). In fact, you have until Monday, April 18 to contribute – and, if...
Tax FAQs
UPDATED FOR 2021 Can I deduct my mortgage insurance? Can I deduct the points from refinancing my mortgage? Can I have a 401(k) AND a Roth IRA? What’s the difference between a tax deduction and a tax credit? Question: Can I deduct my mortgage insurance? Answer:...
Single Moms: You Can get Cash Back by Taking Advantage of This Education Tax Credit
Putting someone – including yourself – through college can put a major dent in your finances. But a very generous tax credit can put a big chunk of change back in your pocket. The American Opportunity Tax Credit, or AOTC, can chop $2,500 per student off your tax bill....
Can’t Finish Your Taxes in Time? Do This Instead.
It’s almost April 18 (this year’s due date), and your taxes aren’t even close to being done. But what if you don’t have all the information you need to complete your tax return? Or what if you just haven’t had time to sit down and do it? There’s a quick and easy...
Running Late Single Mom? File a Tax Extension
The due date for your income tax return is coming up…fast. But what if you don’t have all the information you need to complete your tax return? Or what if you – like many single moms – just haven’t had time to sit down and do it? Luckily, there’s a super easy fix to...