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Big Tax Refunds Are Really Bad

I've been spending time at Money.Stackexchange as a moderator and top poster. Recently I ran into a bit of pushback on what I thought was an obvious question. Why does my tax refund need to be as close to zero dollars as possible? Now, of course, it doesn't have to be anything, but over the years, [...]

2015 Year End Tax Tips

The end (of 2015) is near. Still, you can do a lot to help your finances before the ball drops on Thursday and we ring in the new year. Let's look at some of my top year end tips - The Charitable RMD is now an option that will be available every year. This part of [...]

Tax Loss Harvesting

I've been known to use the expression, "Don't let the tax tail wag the investing dog." I stand by that remark. If you own a stock and it's time to sell since it no longer is a stock your own criteria would justify, by all means, sell it. Holding it for an extra month to [...]

2016 Tax Rates Announced

The 2016 tax rates have just been announced by my friends at the IRS. My friends? Well, to be sure, they are not the enemy. The IRS enforces the tax code. You know who writes it? Congress. So whenever there's a change in the code or something you don't like, don't look at the IRS, [...]

TurboTax 2014 Marketing Mistake

Remember New Coke? Remember Qwikster? My Spidey senses tell me that Intuit's TurboTax product is about to have its own moment of marketing mishap. Now. As a tax nerd, I don't put my TurboTax on the shelf after I file my return. I open it regularly to plan my year. Since one of my goals [...]

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