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Tips to Spring Clean Your Finances

Saving Cents With Sense

It also happens to be the time when your finances receive a thorough examination; tax preparation forces millions of people to go over their receipts and spending from the past year, quantify their gains and losses, and evaluate the performance of their investments from the past year. Adjust Your Tax Withholding.

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Use Mint: Track your Finances & Tax Deductions for FREE

Saving Cents With Sense

How long did it take you to file your taxes this year? HOURS to complete a 1040 tax return. ©2009-11 Saving Cents with Sense ™, a website of Saving Sense Media LLC. The IRS estimates that the average individual spends 21.4 Finding business, medical, and other deduction-related expenses are a good chunk of that time.

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Give Now, Save Later: How Charitable Giving Affects Taxes

Saving Cents With Sense

The urge to contribute to charitable causes comes with the need to give before the end of the year to qualify for tax deductions. Find Out Which Nonprofits are Qualified for Tax Purposes. It no longer provides Publication 78, a master list of qualified organizations, but you can find out which organizations are tax exempt.

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How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

We planned our purchase in the heady days just prior to the recession of 2008/2009. My differing perspectives on vacation rental finances. If we had put that quarter of a million dollars into a tax exempt bond fund at the time, it would have earned around 4% in yearly income, or around $8000 – every year for the past 10 years.

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Reasons to Give to Adult Children

Prairie Eco-Thrifter

You want to mitigate the tax bite on your estate. There are typically tax consequences to what is left of your estate at the time of your death, whether those be capital gains taxes on the difference between the cost of your assets and the market value at death or an actual estate tax on the value of the estate you leave.

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The Financial Effects of Marriage

Saving Cents With Sense

Before getting married, you’ve likely researched the financial questions you should ask each other, but do you know how your wedding will affect your finances once the “I dos” are said and the wedding certificate is signed? You may experience lower tax rates if filing together, but you also are on the hook for accuracy.

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Entrepreneur Magazine Subscription Just $3.99!

Saving Cents With Sense

Articles cover a wide range of topics, including finance and tax advice, tips on advertising and publicity, help with computer and Internet questions, and guidance on how to become an expert manager. ©2009-11 Saving Cents with Sense ™, a website of Saving Sense Media LLC. All rights reserved.