by Michele Cagan | Apr 28, 2017 | Do Your Own Taxes, Saving and Investing, Single Mom CPA
If you just got – or are expecting – a large tax refund, you need to make a change right away. Basically, you just got repaid for an interest-free loan to the Federal government. And I know you have better uses for your money than that! Consider this: The average tax...
by Michele Cagan | Apr 27, 2017 | Do Your Own Taxes, Retirement Planning, Saving and Investing, Single Mom CPA
Getting a big tax refund seems like a good thing – it’s not. In fact, you actually lose money by giving the Federal government an interest-free loan every year. According to the IRS, the average tax refund is $3,120, which works out to $260 a month. There’s a lot we...
by Michele Cagan | Apr 17, 2017 | Do Your Own Taxes, Saving and Investing, Single Mom CPA
It’s good to owe taxes when you file your return. I know that sounds crazy, and it’s definitely not a popular opinion…but it’s the best situation for you financially…especially if you’re a single mom stretching your income to support your family. After all,...
by Michele Cagan | Apr 17, 2017 | Do Your Own Taxes, Personal Finance
It’s good to owe taxes when you file your return. I know that sounds crazy, and it’s definitely not a popular opinion…but it’s the best situation for you financially. After all, there’s a reason it’s called a tax return: The government has to pay you back the extra...
by Michele Cagan | Apr 12, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, Saving and Investing
Updated for 2021 Disclosure: Some of the links on this page are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission. Not sure how to open an IRA account? All it takes is 5 simple steps, and...
by Michele Cagan | Apr 11, 2017 | Do Your Own Taxes, Personal Finance, Retirement Planning, Saving and Investing
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...
