Don’t Use The IRS As A Piggy Bank: Tax Withholding vs Tax Liability

Do you like using the federal government for your savings? If the answer is no you may want a better understanding of tax withholding vs tax liability as it relates to your paycheck. The truth is the government pays you an astounding 0% annual interest return on your money, and yet many of us still […]

Should I Itemize Deductions On My Income Taxes This Year?

There are two basic ways to approach the question “should I itemize deductions”  when you are ready to complete your federal and state income tax returns this year.  You can either itemize your deductions, or you can use what is called the standard deduction allowed by the IRS.  Obviously, you will want to choose the […]