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Yes, in so many ways it is taxing and especially when you consider the self-employment tax. Just the name sounds wrong, “I am being taxed just because I am self-employed?” Kind of. Let’s take a look at this tax and understand exactly what it is. When you are an employee, your employer withholds Social Security
Did you roll with me last week and get all of those income items organized for your tax return? Of course you did (but just in case, feel free to skootch back a week and take a look at it at how easy it is to get yourself organized way before April 15th.) Let’s press
January has come and gone which means a) the year is racing by, b) most people have already bagged their new year’s resolutions, c) you have gotten a bunch of tax forms in the mail, or d) all of the above? If you picked “d,” you are a winner! The year is racing by, everybody,
For those of you who extended your Federal tax return for 2014, the day of reckoning is upon you. Those returns were due last week – October 15th. Hopefully you got all of your documents to your tax accountant and your return is in hand so there is no panic on Wednesday night! For those of you
We all want freedom and we all hate taxes so let’s see how we can use some tax advantages to help fund our “freedom from work” fund. This is a topic I talk about extensively in my book so I thought I would provide you with an excerpt from The Graduate’s Guide to Money to