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 12, 2017 | Retirement Planning, Saving and Investing, Single Mom CPA
Lots of single moms aren’t sure how to open an IRA – so they skip it. But, honestly, all it takes is 5 simple steps, and in less than 30 minutes, you can be on your way to a worry-free retirement. Here’s all it takes: Decide whether you want a traditional or Roth IRA....
by Michele Cagan | Mar 30, 2017 | Do Your Own Taxes, Kids and Money, Single Mom CPA
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....
by Michele Cagan | Mar 28, 2017 | Do Your Own Taxes, Get Help When You Need It, Single Mom CPA
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...
by Michele Cagan | Mar 7, 2017 | Do Your Own Taxes, Single Mom CPA
When you’re a single mom, it can be tough to find a distraction-free time to do your taxes. And with all of the forms, and papers, and numbers, it’s very easy to make a mistake on your tax return – it happens all the time. People forget to sign their returns, they...
by Michele Cagan | Mar 1, 2017 | Do Your Own Taxes, Single Mom CPA
If you’re paying down a student loan for either you or your child, you can deduct up to $2,500 of the interest on your tax return – and you don’t even have to itemize to get that deduction. Yes, there are limits on the amount you can deduct, but many Americans can...
