102 Personal Finance Tips Your Professor Never Taught You (Part 10)

Taxes 92. 1040 income tax when formKnow to file your taxes. If you expect a refund, file your taxes as soon as possible. If you owe money, file closest to the due date (generally April 15) as possible. 93. Consider the detail your deductions. If all of these tax revenues keep you add up to more than your standard deduction, it is definitely worth completing all the formalities additional list. 94. Be aware of other tax deductions. Contributions to a traditional IRA, student loan interest payments, payments of alimony. 95. Save money on tax credits. Some tax credits out hope for understanding credit scholarships, lifelong learning credit, tax credit for children, the earned income credit, child care and credit. 96. Bunch your deductions in one year. If you take the standard deduction this year, consider making charitable contributions and office-related purchases after January 1, so you can maybe list your deductions next year. 97. Check your chosen each year. If you marry, have children, or become the head of a household, you'll need to add these allowances on your W-4 so that you can have less tax withheld at source. 98. Keep your receipts (especially on major issues ticket). You will need if you plan to list in case you get audited. 99. Focus on tax-free investment. The tax-free investments such as bonds, you can earn interest without being taxed. 100. Buying a hybrid vehicle. Hybrids tend to be more expensive than their traditional counterparts, but you can save money on gasoline and perhaps receive a tax credit of up to $ 3400. Finally 101. Take a deep breath. Even if you are only able to follow the first seven councils, which are the real basics, you will have already managed to make a huge positive difference in your financial life. 102. Money is not everything. The health, family and happiness are important too. And remember, money can not buy you love.
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