Retirement Savings

Tax Carnival Ecstasy – July 30, 2013

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Welcome to the July 30, 2013 edition of Tax Carnival Ecstasy. We start this edition with some short term financial goals by Viveka on the blog ‘My Journey to Millions’. John Schmoll takes a look at investing in the stock market and the level of difficulty that you face when you invest for retirement. And finally Bill Smith looks at annuities as investments and the tax implications of investing in them. Hope you like all the articles, bookmark our carnival, like on Facebook, tweet the link and come back real soon.

David presents Quick Way to Save Money on … Read more at 2011 Taxes.

Who Can I Claim as a Dependent on My Tax Return?

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Anyone who has ever filed taxes knows how important it is to qualify for as many tax credits, breaks, and deductions as possible. One way to lower your tax obligation and secure a bigger refund is to claim all the dependents that you can. Fortunately for you, the definition of dependent encompasses more than just your young children; dependent qualification guidelines are broken into two categories – qualifying children and qualifying relatives – and if you are the responsible caretaker in any of a number of given situations, then you may be able to claim even more dependents. Who can … Read more at 2011 Taxes.

New Jersey Residents Look For Lower Tax Assessments

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The Sfarras in Teaneck disputed the tax assessment on their home last year, which helped the value fall by almost 12%. This let them save almost a grand a year in property taxes. Dorthy Monooopli also did something similar, reducing the value on her home by 30k.

These are only a few of the people who are trying to get lower tax assessments due to the falling prices of real estate over the last few years. As the filing date for tax appeals gets closer, many people are trying to file the proper documents.

William Dressel, in charge of … Read more at 2011 Taxes.

A Recent Poll Shows Popularity Of The Millionare Tax

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Most people agree with President Obama’s plan to require millionaires to put a significant amount of their income toward their 2012 taxes. However, the same people would prefer to see a cut in spending rather than a millionaire tax to help balance the federal budget. These results come from an Associated Press-GfK Poll.

The survey shows that Obama’s millionaire tax plan has a lot of support. However, his plan has not changed people’s opinions on how to bring down the budget deficit. United States deficits have been larger than $1 trillion dollars a year. Sixty-five percent of the people … Read more at 2011 Taxes.