Financial Planning

What Is the Best Type of Saving Bonds to Get?

What Is the Best Type of Saving Bonds to Get?

U.S. savings bonds are a good choice for setting up a long term investment plan with modest amounts of money. Purchase savings bond with as little as $25. The bonds are very safe ...

How to Sign an E-File If You Have Never Filed Taxes Before

How to Sign an E-File If You Have Never Filed Taxes Before

According to the IRS, over 90 million people efiled their returns in 2008. The efile program was created as a way to streamline the tax return submission process and promote ...

How Does Loan Modification Impact Your Taxes?

How Does Loan Modification Impact Your Taxes?

A load modification is the result of a negotiation between a borrower and lender, typically over a large loan like a mortgage. Modifications help both sides compromise when the ...

Can You Deduct Stolen Property on Your Income Taxes?

Can You Deduct Stolen Property on Your Income Taxes?

The Internal Revenue Code contains a deduction for losses due to your property being stolen during the year. Though the thresholds for claiming a loss are high, if you've been the ...

What Is a Continuous Customs Surety Bond?

What Is a Continuous Customs Surety Bond?

Customs surety bonds guarantee payment of duties to the federal government on goods brought into the United States. Bonds remain in effect one year after delivery of goods or ...

Tax Deductions for Travel Between Doctor Appointments

Tax Deductions for Travel Between Doctor Appointments

Taxpayers can deduct most expenses related to treating, preventing, diagnosing, curing or mitigating a medical condition. Along with typical expenses like prescriptions and ...

How to Find Previous 401k Accounts

How to Find Previous 401k Accounts

Many employers automatically deduct 401(k) plan contributions directly from their employee's paychecks. This makes it easy for an employee to forget about his 401(k) plan when he ...

Can You Carry Tax Losses Forward to Another Year?

Can You Carry Tax Losses Forward to Another Year?

It is possible to carry forward a tax loss to future years. However, a separate calculation is used for this process, meaning somebody who has a negative taxable income figure on ...

What Is the Tax Form That the Mortgage Company Mails to You?

What Is the Tax Form That the Mortgage Company Mails to You?

If you pay interest on a mortgage, you can expect to receive a copy of IRS Form 1098 from your mortgage company soon after the first of the year. This "Mortgage Interest ...

Can You Claim Mortgage Interest on Taxes?

Can You Claim Mortgage Interest on Taxes?

Interest paid on home mortgages can be a sizable deduction for many taxpayers. Only the interest paid on qualifying loans for qualified homes are tax-deductible. To claim the ...

How to Calculate Taxes Online for Free

How to Calculate Taxes Online for Free

Calculating your taxes online is a quick way to make sure you are paying enough through the year so that you aren’t faced with penalties once tax season comes around. You ...

Can I Find Out How Much I Will Get Back on My Taxes Without My W-2s?

Can I Find Out How Much I Will Get Back on My Taxes Without My W-2s?

If you were employed for all or part of the previous tax year, you may begin figuring your taxes right away at the beginning of the year. While you will need your W-2 or a ...

How to Claim Dependents on Tax Forms

How to Claim Dependents on Tax Forms

Claiming dependents when you file your tax forms can help reduce the taxes you have to pay or increase your tax refund. However, you need to know the rules the IRS has established ...

Tax Deduction for Contributing to Grandchildren's College Education Fund

Tax Deduction for Contributing to Grandchildren's College Education Fund

Grandparents can be valuable financial resources for students who have college plans but encounter difficulty coming up with the money to pay for higher education. While most ...

What Does It Mean to Buy Stock?

What Does It Mean to Buy Stock?

A stock is a portion of a corporation, sold at a particular price to aid in establishing or expanding the company's operations. Each time a company needs more funds, the ...

Do I Report Bankruptcy on My Federal Taxes?

Do I Report Bankruptcy on My Federal Taxes?

Normally, a forgiven debt is not a total gift, because the IRS considers it income, but not in the case of a bankruptcy discharge. Taxing bankruptcy discharges would run counter ...

How to Trade Stocks Online

How to Trade Stocks Online

Trading stocks online is rapidly becoming more popular than ever before, due to the convenience and accessibility online trading allows. However, with anything that requires an ...