By: Jenna
What about the first time homebuyers credit? Is that happening again this year?
View ArticleBy: Miranda Marquit
If you bought by April 30, you can count the home buyer tax credit (if you qualify) toward 2009 or 2010 taxes. But it has expired, with no renewal in the works yet. However, that is a CREDIT, and this...
View ArticleBy: Zahid Lilani
You said “Go to your company’s human resources department and ask for a new W-4.” When you ask for a new W-4, you are either increasing or decreasing your withholding allowance. For e.g, if the...
View ArticleBy: Miranda Marquit
I see. I was talking about amount of money you are withholding, and not number of exemptions. Last time I filled out a W-4, I put in an amount of money that I wanted withheld on top of number of...
View ArticleBy: Josh
i have confusion hope you can help me on: i file married file jointly – i max out 16500 in company 401K – can i also open traditonal IRA and put 5000 in it? also, if i have traditional IRA and...
View ArticleBy: Miranda
If you max out on a 401k, you can open an IRA and put money in it, up to $5,000, maxing it out. However, you can only put in $5,000 for all IRAs. So, while you can split your contributions between a...
View ArticleBy: Vivek Shah
Hi Miranda, My wife just started working and we willmbe filing jointly for 2011. I am Maxing it out on my $16500 401k contribution. Can my wife also get a tax free 401k allowance. Can we open Roth...
View ArticleBy: Miranda
Your wife can have her own 401k — if it is offered by her work. Or you can look into a solo 401k. It is important to note that these accounts are not tax free. They are tax deferred. You get a tax...
View ArticleBy: Vivek Shah
Thanks Miranda, - So both my wife and I can put $16500 into our 401k’s? Thats good news. I understand that the taxation is at the time of withdrawl. - I understand one can contribute to ROTH 401k only...
View ArticleBy: Miranda
The main benefit of putting more IRAs in over and above the 401ks is that you have more money in tax advantaged accounts, as opposed to using a taxable account. It’s generally considered a better idea...
View ArticleBy: Jenna
What about the first time homebuyers credit? Is that happening again this year?
View ArticleBy: Miranda Marquit
If you bought by April 30, you can count the home buyer tax credit (if you qualify) toward 2009 or 2010 taxes. But it has expired, with no renewal in the works yet. However, that is a CREDIT, and this...
View ArticleBy: Zahid Lilani
You said “Go to your company’s human resources department and ask for a new W-4.” When you ask for a new W-4, you are either increasing or decreasing your withholding allowance. For e.g, if the...
View ArticleBy: Miranda Marquit
I see. I was talking about amount of money you are withholding, and not number of exemptions. Last time I filled out a W-4, I put in an amount of money that I wanted withheld on top of number of...
View ArticleBy: Josh
i have confusion hope you can help me on: i file married file jointly – i max out 16500 in company 401K – can i also open traditonal IRA and put 5000 in it? also, if i have traditional IRA and...
View ArticleBy: Miranda
If you max out on a 401k, you can open an IRA and put money in it, up to $5,000, maxing it out. However, you can only put in $5,000 for all IRAs. So, while you can split your contributions between a...
View ArticleBy: Vivek Shah
Hi Miranda, My wife just started working and we willmbe filing jointly for 2011. I am Maxing it out on my $16500 401k contribution. Can my wife also get a tax free 401k allowance. Can we open Roth...
View ArticleBy: Miranda
Your wife can have her own 401k — if it is offered by her work. Or you can look into a solo 401k. It is important to note that these accounts are not tax free. They are tax deferred. You get a tax...
View ArticleBy: Vivek Shah
Thanks Miranda, – So both my wife and I can put $16500 into our 401k’s? Thats good news. I understand that the taxation is at the time of withdrawl. – I understand one can contribute to ROTH 401k only...
View ArticleBy: Miranda
The main benefit of putting more IRAs in over and above the 401ks is that you have more money in tax advantaged accounts, as opposed to using a taxable account. It’s generally considered a better idea...
View Article
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