Tax
Words You Should Know: Social Security Payroll Tax
Does it feel like your paycheck just got a little smaller? That’s because it did, by 2%. Thank the Social Security payroll tax. The Social Security payroll tax is one of the lines on your pay statement, and it is what it sounds like—a 12.4% tax... ➡
Avoiding Uncle Sam? Don't.
Fear of April 15th If 2009 was rough, and you're afraid that you may owe the IRS money—money you don't have—the answer is not to play hooky on tax day. Between stimulus package tax credits and a possible refund, you may be in better shape than... ➡
Green Your Taxes
Wouldn't it be wonderful if you could get a tax break for living a greener life? As yet, there's no tax credit for composting, buying organic chicken or using CFL lightbulbs. (Darn, those things are expensive!). But some eco-friendly upgrades can... ➡
10 Tax Tips for Small Businesses
Readers, please note that DailyWorth is retracting the section below on the home office deduction, owing to the complexity of this particular tax rule. We will post a correction soon, and a lengthier post explaining this deduction. Please check... ➡
Split Your Refund and SaveUP!
Note: This post applies to Canadians, in part. Millions of Americans use their tax refunds as a form of forced savings. You know who you are. Money experts quibble with this strategy, arguing that when the government withholds extra money from... ➡
Unclutter Your Taxes
(To our loyal readers in Canada and abroad, we're striving to one day make emails like this relevant to you.) OK, beautiful people. You've got 76 days until April 15th. Are you ready? Probably not. We're not. So we coaxed Erin Doland, renowned as... ➡
Write It Off
I have a great accountant and always recommend to my clients to take advantage of their relationship with their accountant. If you don’t have one you feel comfortable with, I would consider finding a new one. One of the reasons I justify paying... ➡
