Save, invest, prosper with My Own Advisor. Weekend Reading – Not Enough Retirement Savings Hey Everyone,  Welcome to a new Weekend Reading – this one about not enough retirement savings… First up, some recent posts on my site: The annual RRSP contribution deadline for this tax year is coming up soon – March 3 – so along with that milestone date here… Join the million dollar portfolio journey. The article Weekend Reading – Not Enough […]

Most taxpayers realize that the sooner they file their tax return, the quicker they will receive a refund. Beyond that simple common sense truth, however, there are a number of compelling reasons to file your tax return as early as possible. And, as someone who has often historically waited until the last few weeks before the tax deadline to file my return, I wanted to share the reasons why I’m now a “file early” convert. Let’s start with some logistics. Employers are required to send out income related tax forms (e.g. W2, 1099-MISC, 1099-NEC, 1099-K, etc.) by January 31st each The post 7 Benefits to Filing your Taxes As Early as Possible appeared first on 20somethingfinance.com.

As the brokerage 1099 forms for the 2024 Tax Year are coming out, here is a quick reminder for those subject to state and/or local income taxes. If you earned interest from a money market fund, a significant portion of this interest may have come from “US Government Obligations” like Treasury bills and bonds, which are generally exempt from state and local income taxes. However, in order to claim this exemption, you’ll likely have to […]

Raising kids is one of the most rewarding experiences in life, but let’s be honest—it can also be incredibly expensive! Between diapers, clothes, extracurricular activities, and never-ending grocery bills, the costs can quickly add up. However, we savvy, frugal moms have mastered the art of raising kids on a budget by making smart financial choices, being resourceful, and finding creative ways to save money. I’m here to tell you, that you don’t have to spend […]

How to Manage Expensive Invitations When You Cannot Afford Them e.g. Weddings, Dinners, Baby Showers The post How to Manage Expensive Invitations When You Cannot Afford Them e.g. Weddings, Dinners, Baby Showers appeared first on The Thrifty Issue.

It’s that time again! The Ides of April approacheth. Time to pay the piper, render under Caesar what is Caesar’s, and pay your dues, for there is nothing sure in the world save death and our topic for the day. Yes, that’s right: It’s officially tax season yet again. RUDE. Over the years we’ve covered many aspects of taxes—from how to file them for free to what to do if you fuck ’em up. So today I’m gathering all our scintillating tax season advice together in one place. For no matter how little money you make, nor how full of moths your wallet, the tax man comes for us all. How to pay your taxes HERE IT IS: our official primer on how to file your tax return, updated annually as the laws change. If you’re just a wee baby taxpayer who has never gone through the process before, start here: How to File Your Taxes FOR FREE in 2025: Simple Instructions for the Stressed-out Taxpayer  And for those of you advanced enough to have fucked up your taxes at least once in your lifetime… congrats and welcome to the club! We’re all very cool here and also based—which my nieces tell me is a word I’m never allowed to use! Here’s our advice on how to troubleshoot a tax fuck-up: Go Ahead and File Your Taxes Right Freakin’ Now Screw Up Your Taxes? Here’s How To Get Out of Paying Tax Penalties My Taxes Are a Little, uh, Creative. What’s My Risk of Being Audited?  Would You Rather Owe Taxes or Get a Tax Refund This April? The Answer Might Surprise You! Taxes: Your Annual Fee for Membership in Civilization  I got 1099 problems but this Bitch ain’t one We know a large portion of our readership are not full-time salaried workers. So for all of our beloved freelancers, contractors, part-timers, and service industry professionals, we’ve got some supplemental reading for you: 11 Awful Mistakes I Made as a Self-employed Freelancer, and How You Can Avoid Them “Independent Contractor” My Ass: How to Stop Wage Theft Through Worker Misclassification Season 4, Episode 5: “401(k)s Aren’t Offered in My Industry. How Do I Save for Retirement if My Employer Won’t Help?” Ask the Bitches: My Boss Won’t Give Me a Contract and I’m Freaking Out Investing Deathmatch: Traditional IRA vs. Roth IRA Barbara Sloan’s New Book Dares To Suggest Service Industry Professionals Deserve Financial Stability Too  Taxes and relationships No matter what your situationship, it will affect how you handle your taxes. Here’s what I mean: How To Get Married: Bureaucracy, Finances, and Legal Paperwork To Do Before “I Do”  Season 3, Episode 8: “Should I Get Married for Tax Purposes? My Boyfriend Swears We’d Save Money, but

Discover why Refund Anticipation Loans may not be the smart choice for your tax refund. Learn the hidden costs and better alternatives in our latest blog. The post The Psychological Trap of Instant Tax Refunds: Exposing the Hidden Costs appeared first on The Budget Mom.

The tax year runs from 6 April to 5 April the next year. This means that the most crucial UK tax deadline occurs every April. That’s because there exist various annual allowances and tax reliefs that you need to make use of to legally mitigate your income tax bill and stop taxes devouring your investment returns. Most of these are ‘use it or lose it’ allowances with a 5 April deadline. It’s no good bemoaning […]