This year I will pay no federal income tax. I think for the median family this is something that is entirely possible to do. Although it does take a lot of effort that the average family may not be willing to do. The median household in the US earns $51,000 a …
The number one rule of economics is that people respond to incentives. Incentives are set up by individuals, businesses, and governments to get people to do something. When it comes to saving for retirement, our government provides some strong incentives to get people to save more. One of the chief …
I don’t think that getting married should affect your tax situation either way, but our tax code is a monster containing many latent effects from numerous revisions and additions over time. How much of a difference can getting married actually make in your tax return? It depends mostly on how …
I come across many people who make money in ways other than a job with a paycheck. The subject often comes up whether on not they should pay taxes on side income. The IRS states you must file a 1040 if ANY self employment tax is owed, and since they …