If you are unable to file your taxes on time, you can ask the IRS for an extension. It’s easy and can be done online. For people who are busy, run businesses or have complex tax returns, extensions are an easy way to buy time to file taxes. The form you need to fill out …
Dividends are a great way to earn passive income. If you invest wisely, dividends will grow over time and become a reliable source of income. Dividends can also help you save money on taxes. The tax rate on dividends varies based on your taxable income but the dividend tax rate is lower than your tax …
Dividend Tax Rate (2022 and 2023) – How Much Do You Owe In Taxes? Read More »
I have been a Costco member for a long time. My wife and I save a ton of money buying stuff at Costco. We had been a Gold Star Member ever since we joined Costco but a few years ago, we upgraded to an Executive membership. The only regret we have is that we didn’t …
Is Costco Executive Membership Worth The Extra $60 Per Year? [Updated 2022] Read More »
If you are a small business and paid at least $600 to a person or an incorporated business, you must issue a 1099-MISC form. Most small businesses easily meet the $600 threshold because they have to pay vendors for goods or services purchased during their normal course of business. Form 1099-MISC must be sent to …
How To Generate And Issue Your Own Form 1099-Misc Forms Read More »
Budgeting is the foundation of personal finance. If you don’t know where your money is going, it is very hard to plan for the future and build wealth. Smartphones are an integral part of most people’s lives. So it makes sense to have a budgeting app on your phone. In addition to providing basic budgeting …
Choosing a health insurance policy is straight forward. You choose a deductible. Your monthly premium goes up if you choose a lower deductible and your monthly premium goes down if you choose a higher deductible. But dental insurance works differently. With annual maximum limits and limited coverage, you may wonder if you need it at …
Flu season in the United States starts in October but generally peaks in January or February. The Centers for Disease Control (CDC) recommends that everyone over the age of 6 get influenza vaccinations. Vaccination should ideally be done by the end of October but can be taken any time during the flu season. It typically …
Comcast has yet again increased the monthly modem fees for its Xfinity internet service. It went up to $14 per month from $13 per month. That’s $168 per year in modem rental fees. That’s a rip-off. And the modem doesn’t even cost $168! This modem fee is on top of charges for the internet service, …
The number of miles driven varies widely. Some people may have a 50-mile commute each way whereas others may drive a few miles and use public transport. The more miles you drive, the more likely you are to get into an accident. So it makes sense that people who drive more pay more in auto …
Should You Switch To Pay-Per-Mile Car Insurance? Read More »
We all make mistakes. Getting a DUI is not only painful emotionally, but it could also cost you financially. The cost of an average DUI is around $10,000 and that does not include any lost wages. Initial costs include the cost of towing, bail, legal fees, court fines and expenses for alcohol education. Perhaps the …
