Tag Archives: taxes

The “Live on the Rest” Budgeting System

By on January 16th, 2012

For many self-employed workers, taxes and savings are the two hardest expenses to keep up with. I think it’s because there’s no immediate benefit or consequence to either of them. A lot of people mentally plan their budgets based on …

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4 Types of Tax Deductions

By on January 31st, 2011

The first year I filed taxes, I was so excited I could finally claim church donations on my taxes. Except, it wasn’t really worth it to claim the donation because my itemized deductions were less than my standard deduction. Yep, …

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5 Money Moves to Make Before Year-End

By on December 6th, 2010

A lot of people are focusing on holiday shopping this time of year. Personally, my workload has increased and I haven’t given shopping much thought. (I really need to get on that!) But I have thought about my finances and …

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Limited Time Only: Tax Break for Us Self-Employed Folks

By on October 11th, 2010

If you’re fully self-employed and pay your own health insurance premiums, you’ll get a tax break for the 2010 tax year. Last month, President Obama signed a law that lets self-employed workers take a deduction for health insurance premiums paid …

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What to Do When You Can’t Pay Your Taxes

By on March 29th, 2010

I haven’t logged into TurboTax since the beginning of February, when that big red $1,254 showed up on the screen. I knew I would have a tax bill this year and set aside some money for it every month. I’m …

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