SEP IRA

To help you make the most of your 2009 taxes, here are some tax tips to help you organize, prepare, and take advantage of the available tax deductions and tax credits for 2009 tax year. Instead of trying to compile my own list, I reached out to a few personal finance bloggers to share their [...]

At least once  a year, if not more, you visit the dentist and doctor to make sure everything’s working properly – why not give your finances the same opportunity? As we approach the busy holiday season, it’s easy to let attention slip from personal finance. If you find yourself barreling toward the end of 2009 [...]

Understanding the many tax deductions can be nothing short of a minefield, and many taxpayers are unaware of the many deductions that can be used to legally reduce your tax bill. This article highlights just a few of the tax deductions that you can claim if your circumstances lend themselves.

Standard Deductions
A standard deduction varies depending [...]

Just over two years ago, I started a personal finance blog called Moolanomy. Over the years, I poured my heart and soul into it, and it became the key to my life dreams. I have many dreams and amongst them: working full-time on web sites and moving my family to Northern Virginia. It so happened [...]

Converting to a Roth IRA is not new, so what with all the buzz about about this Roth IRA Conversion event in 2010? What makes it such a big deal is that up until then, most people couldn’t convert to a Roth IRA because their income was too high. For example, in 2009 if an [...]

The following article contains information about the Internal Revenue Service (IRS)’s officially released 2009 federal income tax brackets. You’ll need this information to prepare and file your 2009 tax return in early 2010. To the extent that the information in this article helps summarize the changes in Federal Income Tax, you should consult the official [...]

I know a lot of you have been following Larry Swedroe’s work and I want to let you know that Larry has launched his own blog at CBS Money Watch called Wise Investing — please check it out.
Congratulation Larry, and thank you for all your help over the years!
The Roundup
Before starting the roundup, I want [...]

Well, it finally happened to me. Last Friday, my company announced that it is halting 401(k) matching contributions, raises, and promotions for the remainder of the year. This is definitely better than losing my job, but between the match and the raise, that’s a good 5-7% loss of income. I am sure many of you [...]

Have you started your tax returns yet? If not, please check out my TaxCut Premium Federal + E-file giveaway – the first of four winners will be announced this Tuesday. As for me, my returns are almost done, I am just waiting to open a SEP IRA account with TradeKing and fund my wife’s Roth [...]

In my TurboTax Online Review, I mentioned that I owe some federal income tax and is thinking about opening a SEP IRA, or a Simplified Employee Pension Plan. Aside from reducing my tax liabilities, I want to maintain my safe harbor from having to pay quarterly income taxes in 2009.
Since I am already doing my [...]