Taxes - 360 Degrees of Financial Literacy http://www.360financialliteracy.org/Topics/Taxes en-US Year-end tax planning http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Year-end-tax-planning http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Year-end-tax-planning As the end of the year approaches, it's time to consider strategies that can help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is particularly true for year-end planning. You can't know where to go next if you don't know where you are now.

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Thu, 25 Feb 2016 03:20:17 EST
Understanding Personal Tax Credits http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Understanding-Personal-Tax-Credits2 http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Understanding-Personal-Tax-Credits2 Have you ever thought that you're paying too much income tax? You may be, if you're not claiming all of the tax credits for which you are eligible when you file your federal tax return. These credits may significantly reduce your tax liability.

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Thu, 25 Feb 2016 03:19:23 EST
Tax planning for income http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Tax-planning-for-income http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Tax-planning-for-income The goal of income tax planning is to minimize your federal income tax liability. You can achieve this in different ways. Typically, though, you'd look at ways to reduce your taxable income, perhaps by deferring your income or shifting income to family members. You should also consider deduction planning, investment tax planning, and year-end planning strategies to lower your overall income tax burden.

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Thu, 25 Feb 2016 03:18:39 EST
Help! I can't pay my tax bill http://www.360financialliteracy.org/Topics/Taxes/Tax-FAQs-More-Calculators/Help!-I-can-t-pay-my-tax-bill http://www.360financialliteracy.org/Topics/Taxes/Tax-FAQs-More-Calculators/Help!-I-can-t-pay-my-tax-bill You're almost done with your federal income tax return, and you're already thinking of ways to spend your refund. Then, the unthinkable happens--instead of a refund, you find that you owe $3,000. What do you do now?

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Thu, 25 Feb 2016 03:13:11 EST
Federal individual income tax fundamentals http://www.360financialliteracy.org/Topics/Taxes/Tax-FAQs-More-Calculators/Federal-individual-income-tax-fundamentals http://www.360financialliteracy.org/Topics/Taxes/Tax-FAQs-More-Calculators/Federal-individual-income-tax-fundamentals Learn how to calculate your adjusted gross income (AGI), taxable income, and income tax liability.

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Thu, 25 Feb 2016 03:12:37 EST
Can I take the credit for the elderly or disabled? http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Can-I-take-the-credit-for-the-elderly-or-disabled2 http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Can-I-take-the-credit-for-the-elderly-or-disabled2 Read the Answer »

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Thu, 25 Feb 2016 03:05:56 EST
Am I having enough withheld? http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Am-I-having-enough-withheld http://www.360financialliteracy.org/Topics/Taxes/Save-Money-by-Planning-Year-Round/Am-I-having-enough-withheld When determining the correct withholding amount for your salary or wages, your objective should be to have just enough taxes withheld to prevent you from incurring penalties when your tax return is due.

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Thu, 25 Feb 2016 02:45:48 EST
Child tax credit http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Child-tax-credit http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Child-tax-credit The child tax credit is a per-child tax credit against your personal income tax liability. The child tax credit is $1,000 per child.

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Thu, 25 Feb 2016 02:35:16 EST
CPA http://www.360financialliteracy.org/Topics/Taxes/CPA http://www.360financialliteracy.org/Topics/Taxes/CPA Information about CPAs and how to locate a CPA in your state.

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Mon, 08 Feb 2016 15:10:53 EST
Fall Into Year-End Tax Deductions http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Fall-Into-Year-End-Tax-Deductions http://www.360financialliteracy.org/Topics/Taxes/Can-I-Deduct-This/Fall-Into-Year-End-Tax-Deductions Read More »

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Wed, 30 Sep 2015 11:31:06 EDT