taxes

The Saver’s Credit: Free money for retirement

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I talk about The Saver’s Credit, and how some people who might have assumed it wasn’t relevant to them might qualify now. (Nothing in this post should be considered tax advice. Please see my Disclosure Policy.) The pandemic probably changed … Read More … Read More

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The American Rescue Plan diffuses a student loan tax bomb

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The American Rescue Plan signed by Joe Biden makes student loan forgiveness tax-free, which has huge implications for millions of people. Boy, it’s nice to have adults running this country again, isn’t it? Paul Krugman of the New York Times … Read More … Read More

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Should you do your own taxes?

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I remember being a kid and watch my dad do the family’s taxes. I remember our dining room table covered and overflowing with various papers and documents. It seemed like he was there for weeks. In the U.S., assuming that … Read More … Read More

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U.S. Capitol

What’s wrong with an interest-free loan to the government?

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Every year, amid the discussion of taxes and rebates and the like, there is usually a talking point that goes like this: “Getting a rebate of any amount is a bad idea, because all you’re doing is giving the government … Read More … Read More

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Cluttered desk

Is it possible to pay in advance exactly the amount of tax you owe?

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Welcome back to tax season! It’s an interesting time that can seem extremely fraught to some, and a little exciting to others. For some: so much work to do. For others: big rebates! I’m fortunate to be young enough that … Read More … Read More

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Toll booths

Why everything is like a regressive tax

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With all the talk on how to fund our government and the various projects we need to undertake, it’s made me think about that phrase “regressive tax”. As in, “there was no support for that initiative, because it was seen … Read More … Read More

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Windfall apples

What to do with the extra tax money in your new paycheck

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I really tried to avoid talking about the tax plan, and couldn’t help myself. But that was more of a “feelings” piece, and less practical. This article is coming from the other, more practical side. In the U.S., our new tax … Read More … Read More

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Papers

Okay, okay, I’ll talk about the tax bill

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I’ve been avoiding it. I haven’t wanted to talk about it. I wanted to bury my head under a pillow and forget about the whole thing. But, alas, it’s just too relevant to our work here. So I’m going to … Read More … Read More

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Plant Spiral

Is there someone at the IRS who’s a math lover?

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WARNING: This post contains math. I love math. You know this. I think math is one of our world’s ways of expressing beauty. To me, there are few things more pleasing to the eye than a elegant mathematical statement. (People … Read More … Read More

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Bracket

Don’t fear moving to a new tax bracket

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Do you know your tax bracket? I’d say a good number of people do. But do you know what happens when you jump up to a new tax bracket? I’d say a good number of people do not. Tax season … Read More … Read More

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