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Rich taxpayers may end up paying higher tax bills this season. Due to the changes in the 2012 tax law, anyone who makes enough to consider themselves wealthy will pay higher taxes on their income.The first bill that raised taxes for the wealthy is The American Taxpayer Relief Act of 2012. This bill is also commonly known as the fiscal cliff tax bill. This law prevents rich taxpayers from reducing
View image | gettyimages.comThe year 2015 is finally here and my family has created some big savings goals. We plan to increase our income while cutting back on frivolous expenses. If you would like to save money this year than you may be interested in our money saving tips.1) Carefully review your health insurance, tax information and retirement benefits. This year make sure that you have t
Ginita Wall points out 5 tax myths that everyone should know about, especially with the deadline for filing right around the corner.I would like to address some of those common tax myths that most people have heard about, although don’t really fully understand. Another source of information is TurboTax.com and the easy to use site will explain the tax myths as well as ensure that you get th
As an old Chinese proverb goes, “the journey of a thousand miles starts by a single step” What does this Chinese proverb mean? That today is the best day to start saving for your retirement if you have not started doing so already. Unfortunately, saving for retirement has always been a very sore subject for most people all over the world, but it is a true fact that married couples need to treat
If you are currently looking into how to save for your retirement for the first time then you will quickly see that there are a lot of options out there for you to choose from. One of the most popular and safest choices is to invest in a Roth IRA and this article will briefly look at the advantages of doing so.The first thing to note is that even if you have already begun making contributions to

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