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Monday, April 14, 2008

On the eleventh day of taxes the government gave to me…

Tomorrow is the last day of taxes, but as tax season ends it is still important to think about your finances all year long. Especially in the weakening economy, it is more important then ever to make sure and plan for your retirement. Below is a list of 11 common retirement planning methods, for more information including their tax advantages check out 12DaysOfTaxes.com.

1. 401(k)

2. Roth IRA

3. Roth 401(k)

4. Traditional IRA

5. Simple IRA

6. Social Security

7. 403(b)

8. 457 Plan

9. Thrift Savings Plan

10. Veteran's Pension

11. Old Fashion Savings

posted @ Monday, April 14, 2008 1:01 PM | Feedback (0) | Filed Under [ Tax Tips & Articles ]

Ten 1040 EZs

Tax day is less than 48 hours away, but do not worry if you have no filed your tax return yet. With e-filing and federal tax extensions you are not late. However, if you wait until after April 15 to take any action, then you will likely face penalties and fees. Follow these top 10 ways to make your last minute filing adventures a little more EZ.

1. Gather all your important documents

2. Use last year’s tax return as a guide

3. Practice on paper

4. Do not rush, you will make mistakes

5. Visit a local CPA or tax preparation office

6. Do not just take the EZ route

7. Do not short-change yourself

8. Hold onto your receipts

9. File an extension

10. Prepare for next year

posted @ Monday, April 14, 2008 12:55 PM | Feedback (0) | Filed Under [ Tax Tips & Articles ]

On the ninth day of taxes the government gave to me…

Today is the ninth day of taxes and to celebrate we are reminding everyone to include all available tax credits on your tax return. Below is a list of the nine most common tax credits, for more information check out 12DaysOfTaxes.com.

1. Earned Income Tax Credit

2. Lifetime Learning Credit

3. Saver's tax credit

4. Environmental Credits

5. Child and Dependent Care Credit

6. Child Tax Credit

7. Additional Child Tax Credit

8. Hope Credit

9. Adoption Tax Credit

posted @ Monday, April 14, 2008 12:52 PM | Feedback (0) | Filed Under [ Tax Tips & Articles ]

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