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Is your Big Tax Refund Poor Financial Planning?

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Andy Andersohn asked: Big Tax Refunds=Poor Financial PlanningYou’ve heard this every spring in the lunch room at work. Joe bragging about getting a $1400 tax refund. Jenny tops him with a $2200 tax refund. Then Jack whose wife had a [...]

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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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i made 49786.47 last year, 4467.00was withheld for federal taxes. I have three dependants, can you estimate ?

ambilou25 asked: i would like an estimate of my tax return, i made 49786.47. fed withholdings:4467.00
sstax withheld:3086.76
medicare withheld:721.90
state income tax:2538.68Try Our Income Tax Refund Calculator Free

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How do you calculate the IRR for investors in a biz where they’ve rec’d both dividends and tax losses?

kevin J asked: For example, the original investors put $10 million into the company. The company made $5 million of excess cash flow in year five that was returned to the investors in the form of a dividend. In the interim years (e.g. years 1-4 and years 6-10), the company posted losses that [...]

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Why did I get less tax refund this year as compared to last year?

parth m asked: I got a job in June 2007 and filed taxes in April 2007 as Married filing jointly. My wife doesn’t have any income. The W-2 that I got at that time showed my wages around 21200 $. My federal tax withheld was around 1700 $ and State tax withheld was around 530 [...]

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