Charitable Contributions Tax Deduction Proof Needed in 2007

If you have read much here at my site, you know I am a Christian and I believe in the 10-10-80 rule of investing. Simply put, it means you give 10% to God first, then 10% to savings (investing, retirement, etc) then you live on the remaining 80%. See my post about it to learn [...]

Debt Forgiveness May Not be Taxable in 2007

Did you know that if you had a real estate foreclosure in 2007, you may not have to pay taxes on any of the forgiven debt? This is new for the 2007 tax year. You see , usually when a house is foreclosed, the bank may not sell the house for enough to pay off [...]

Taxable Dividends from Mutual Funds

Do you know what that means? It makes a difference when you are investing in mutual funds because anytime the funds managers sell some stock inside the fund, you may have a taxable dividend. This is especially important in non-retirement accounts. That is why you need to pay attention to something called [...]

Mistake in Retirement Investing

I was reading something the other day that made me stop and think. It was some really good information and I hadn’t thought about it for a while. It’s kind of like when you smell something that you really hadn’t smelled in a long time, and it brings back a memory. I remembered a crucial [...]

Tax Rebate Stimulus Details Explained

Who gets the money and how much? That’s really what everybody wants to know, right? Well I have tried to “crack the code” on this stimulus rebate money and here are the facts as I understand them. I have to admit, the IRS has gotten a little better in explaining things, but still after pouring [...]

Super Thursday Valentines Day Cheap Date

So it is Valentine’s Day, and you may think you should “buy” something for your sweetheart. (And maybe you should have). But maybe the best gift wouldn’t necessarily be something you paid a lot of money for?  From a man’s perspective, or at least , this man’s perspective, you can do this without spending a [...]

Wordpress Upgrade Made Easy

I am not as experienced as many in using Wordpress, but I have seen 2 critical upgrades in the last month or so. It just seems to be a pain to do the upgrade so I found an easier way for the last one. I am not sure if this is the [...]

Reasons You Need a Flexible Spending Account (FSA)

Have you heard of the FSA?

A Flexible Spending Account (FSA) is a tax-reducing program offered by many employers that allows you to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars. Since you are using pre-tax dollars to pay for certain health care and dependent care expenses, you get an immediate [...]

New Tax Deduction for PMI

Get Turbo Tax at Amazon.com. You can get much cheaper than at the store!

If you have purchased a home in 2007, you may qualify for a new tax deduction. Many borrowers are required to purchase private mortgage insurance, or PMI, when they get a loan This insurance is required by the lender to [...]

Should I Refinance?

That is a question that comes around most anytime. It is a very predictable question, and an important question to your personal finance. If you have a mortgage and interest rates are falling, should you refinance? How about when interest rates are rising and you know yours is higher than the current rate? How about [...]