A major component of your overall expenses are the various taxes that you must pay. Paying taxes is a fact of life; however, it does not mean you should not be looking for way to reduce your taxes. Articles in this section will help you better understand various taxes and things that you could do to minimize your tax burden. Additionally, check out these related sections: budgeting, smart spending, and insurance and risk management.
Taxes is a subsection of expense management.
In this article, I will explain a few basic tax concepts related to our Federal income tax system that include Tax Brackets, Marginal Tax Rate, and Effective Tax Rate. In the United States, we have a […]
The other day I was wondering if I owe any income tax this year, so I decided to give Intuit TurboTax Online Federal Free software a try. In general, I was impressed at how far online […]
Unlike my regular job, where my employer withhold a portion of my salary to pay various taxes — i.e., Federal, State, City, Social Security, and Medicare — there’s no tax withholding for my self-employment income. To […]
This question came to me when I was reading The Dough Roller’s post about why do mutual funds close to new investors. Part of the post read: …taxes for existing investors went up after a fund […]