Darwin's Finance » Taxes http://www.darwinsfinance.com Financial Evolution: Education, Adaptation, Achievement Fri, 27 Jan 2012 21:45:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 It’s That Time of Year – How to Calculate Your FSA Contribution Amount for 2012http://www.darwinsfinance.com/how-to-calculate-fsa-amount/ http://www.darwinsfinance.com/how-to-calculate-fsa-amount/#comments Sat, 29 Oct 2011 02:14:56 +0000 Darwin http://www.darwinsfinance.com/?p=2776 For those of you who have a Flex Savings Account option at work, it’s time to set the total annual allotment for 2012 before the year starts.  I’ve always had mixed emotions about this provision of the tax code.  On one hand, you’re allowed to deduct medical expenses from your income normally subject to federal [...]

It’s That Time of Year – How to Calculate Your FSA Contribution Amount for 2012 is an article from Darwin's Finance

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]]> http://www.darwinsfinance.com/how-to-calculate-fsa-amount/feed/ 1 Should Americans with No Kids Be Able “Opt-Out” of School Taxes?http://www.darwinsfinance.com/americans-kids-opt-out-school/ http://www.darwinsfinance.com/americans-kids-opt-out-school/#comments Fri, 30 Sep 2011 03:40:45 +0000 Darwin http://www.darwinsfinance.com/?p=2769 I was at a family gathering this summer and the usual topic of complaining about the ineptitude of local government officials and school boards came up.  That then led to older participants questioning what their tax dollars were being used for and why they’re even paying school taxes to begin with.  It led to an [...]

Should Americans with No Kids Be Able “Opt-Out” of School Taxes? is an article from Darwin's Finance

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]]> http://www.darwinsfinance.com/americans-kids-opt-out-school/feed/ 30 FICA Tax Rates 2011 – How They Work and Why They Matterhttp://www.darwinsfinance.com/fica-tax-rate-2009-2010/ http://www.darwinsfinance.com/fica-tax-rate-2009-2010/#comments Wed, 02 Feb 2011 15:00:51 +0000 Darwin http://www.darwinsfinance.com/?p=1437 FICA Tax – What is it and why’s it matter? Anyone that has inspected their paychecks for the myriad taxes and deductions from their paychecks has surely noticed the FICA Tax line on there. The Federal Insurance Contributions Act (FICA) tax is a federal tax on both employees and employers to fund Social Security and [...]

FICA Tax Rates 2011 – How They Work and Why They Matter is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/fica-tax-rate-2009-2010/feed/ 42 Breaking: Obama Announces Deal on Taxes, Unemployment, Credits and Morehttp://www.darwinsfinance.com/tax-rates-20111/ http://www.darwinsfinance.com/tax-rates-20111/#comments Tue, 07 Dec 2010 03:56:47 +0000 Darwin http://www.darwinsfinance.com/?p=2623 President Obama announced “framework” details on the deal being ironed out between both parties to satisfy pretty much everyone.  Everyone’s gonna get their tax cuts, the unemployed will be assured of an extension, estate taxes will not revert to the old rates and more.  Here are some details for each provision: Tax Rates -There will [...]

Breaking: Obama Announces Deal on Taxes, Unemployment, Credits and More is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/tax-rates-20111/feed/ 5 Saying Bye-Bye to the Mortgage Interest Deduction?http://www.darwinsfinance.com/eliminate-mortgage-interest-deduction/ http://www.darwinsfinance.com/eliminate-mortgage-interest-deduction/#comments Thu, 28 Oct 2010 01:51:20 +0000 Darwin http://www.darwinsfinance.com/?p=2577 How would you feel if the mortgage interest deduction on homes were eliminated tomorrow?  If you’re a renter, you probably wouldn’t care.  But if you’re a homeowner, especially one with a sizable mortgage payment, that might give you pause, right?  I couldn’t help but notice in this recent WSJ.com article that the “Deficit Commission” is [...]

Saying Bye-Bye to the Mortgage Interest Deduction? is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/eliminate-mortgage-interest-deduction/feed/ 15 Billion Dollar Inheritance: Heirs Pay NO Tax – Right or Wrong?http://www.darwinsfinance.com/inheritance-tax-heirs/ http://www.darwinsfinance.com/inheritance-tax-heirs/#comments Tue, 15 Jun 2010 02:51:40 +0000 Darwin http://www.darwinsfinance.com/?p=2444 There was an interesting new item the other day (here) on a Billionaire that was able to bequeath his entire fortune of 9 Billions dollars to his heirs and they got to keep it all – not one red cent went to the taxpayers.  This is all possible by the “luck” (if you’d call it [...]

Billion Dollar Inheritance: Heirs Pay NO Tax – Right or Wrong? is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/inheritance-tax-heirs/feed/ 10 Should I Use the Energy Tax Credit for a New Central Air Unit?http://www.darwinsfinance.com/energy-tax-credit-central-air-unit/ http://www.darwinsfinance.com/energy-tax-credit-central-air-unit/#comments Thu, 15 Apr 2010 10:24:21 +0000 Darwin http://www.darwinsfinance.com/?p=2149 Since I’m always looking to make sound investments with a favorable return on investment to optimize our family’s cash flow, I’ve been considering having a new Central Air unit installed.  There’s an energy tax credit (IRS Link) that expires at the end of this year that allows for a full 30% credit on the purchase [...]

Should I Use the Energy Tax Credit for a New Central Air Unit? is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/energy-tax-credit-central-air-unit/feed/ 9 My Effective Tax Rate is Under 5% – That’s Just Wronghttp://www.darwinsfinance.com/my-effective-tax-rate/ http://www.darwinsfinance.com/my-effective-tax-rate/#comments Mon, 05 Apr 2010 10:46:37 +0000 Darwin http://www.darwinsfinance.com/?p=2104 So, my accountant finally wrapped up my various tax documents and for the prominent Federal Tax Return, I was surprised once again to see just how low my Effective Tax Rate is – under 5%.  That’s my net tax rate after all deductions, credits, etc.  Not that I’m complaining, but the tax system is so [...]

My Effective Tax Rate is Under 5% – That’s Just Wrong is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/my-effective-tax-rate/feed/ 76 What’s wrong With THIS Health Care Reformhttp://www.darwinsfinance.com/health-care-reform-bill-criticism/ http://www.darwinsfinance.com/health-care-reform-bill-criticism/#comments Tue, 23 Mar 2010 01:01:44 +0000 Darwin http://www.darwinsfinance.com/?p=2048 With a major hurdle cleared this weekend in the Health Care Reform efforts, much attention has been focused on how it’s “historic” and how many people are now going to have healthcare and somehow topics of abortion and and other seemingly tangential issues became deciding factors in who would vote for it.  There has been [...]

What’s wrong With THIS Health Care Reform is an article from Darwin's Finance

No related posts.]]> http://www.darwinsfinance.com/health-care-reform-bill-criticism/feed/ 33 6 Reasons You Won’t Go to Finance Hell if You’re Getting a Tax Refund This Yearhttp://www.darwinsfinance.com/tax-refund-estimate/ http://www.darwinsfinance.com/tax-refund-estimate/#comments Tue, 09 Mar 2010 13:01:52 +0000 Darwin http://www.darwinsfinance.com/?p=1978 There are a select few articles that get republished year in and year out that start to become “gospel” in the personal finance world.  With tax time approaching, you’re going to see several writers and talking heads on television chastise you for the “free loan” you gave the US government this year if you’re receiving [...]

6 Reasons You Won’t Go to Finance Hell if You’re Getting a Tax Refund This Year is an article from Darwin's Finance

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