Tag: debt
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Chapter 43: Peak Tax Season
Tax Day is April 15th. The IRS offers free online filing resources. Low-income, disabled, and limited English speakers can get free tax help. If you can’t pay, request an extension before April 15th or consider payment plans.
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Chapter 41: Workplace Contributions
The content discusses tax-saving strategies, such as contributing to a 401(k) for future tax deferral benefits, and considering Roth accounts for tax-free growth, providing a balanced approach for retirement planning.
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Chapter 40: Tax Loss Harvesting
During tax season, it’s nice to harvest capital losses to reduce taxable income. You can still claim losses with a standard deduction and benefit from lowering your tax burden. Timing and strategy are key for maximizing this opportunity.
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Chapter 39: Tax Refund
The chapter explains tax refunds, overpayments, underpayments, and the importance of managing tax withholdings. It emphasizes adjusting W-4 forms to avoid overpaying and the significance of keeping a close eye on tax liabilities.
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Chapter 37: Debit or Credit?
Pros and cons of using debit and credit cards. Debit card risks include delayed refunds and fraud, while credit card risks include overspending. Credit cards offer rewards and fraud protection, but may not be suitable for all transactions.
Money Ain't Sh*t 