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Obama Unveils Economic Team, Plans 2009 Stimulus Package

President-elect Obama made it clear that the first priority for he and his team will be to pass an economic stimulus package.

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Determining Your Tax Status

Knowing how to determine your tax status, and knowing the difference between each group will help to make filing your income tax return go smoother. Here we will discuss the ways in which you determine which status to file under.

There are five classifications from which you choose to file: single, married filing jointly, married filing separately, head of household or qualifying widower with dependent child. If for some reason, more than one status applies to you, you sho…

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Deciding When to File Your Tax Return?

April 15th – “The Day of Reckoning”! Every year, millions of Americans get ready to pay taxes to Uncle Sam, or get ready to collect a tax refund from Uncle Sam; when did this become the great day that it is for taxpayers, and when are we actually required to file a income tax return?

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Looking for Another Income Tax Deduction? you Might Qualify for an Ira and not Know it

Robert D. Cavanaugh, CLU asked: An additional income tax deduction may be available by contributing to an IRA. However, many people may not realize they qualify to have an IRA. So let’s take a look at the contribution rules.One of the things that makes IRAs so complicated is trying to understand the eligibility, maximum contribution [...]

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