5 Ways to Make Your Tax Return Count

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While saving for retirement through your tax return may not be the first thing that comes to mind, it is a good idea. Here are five tips to help you make the most of your tax return.

1. Contribute to your IRA. As of 2012, you can contribute up to $5,000 per year if you are under 50 and up to $6,000 if you are over 50 years old. You can also make contributions on a pre-tax basis which will lower your taxable income. Some employers will match some or all of the amount that you contribute.

2. Contribute to your 401(k). If you are eligible for a 401(k) with matching funds from your employer, this is a great way to save for retirement. The contributions that you make come out of your paycheck before taxes are taken out so it lowers the amount of money that you have to pay in taxes at the end of each year by lowering your taxable income.

3. Contribute to an Individual Retirement Account (IRA). An IRA is similar to a 401(k) but it is not sponsored by an employer so any contributions must be made on a before-tax basis instead of being pre-tax like with a 401(k). However, there are

Your 2014 tax return will be a very important document. It will be your chance to get a $500 bonus from the government just by filing. Plus, you will have the opportunity to save more for retirement by reducing what you pay in taxes.

How should you approach your 2014 tax return? Here are five tips to help you make the most of it:

1. Contribute to retirement accounts. It makes sense to contribute as much as possible to retirement accounts like 401(k)s and IRAs, even if means paying more in taxes this year. You can reduce how much you owe in taxes by contributing up to $17,500 per year ($23,000 if you are over 50).

2. Maximize your contribution to flexible spending accounts (FSAs). These accounts allow us to spend pre-tax dollars on certain medical and childcare expenses. There is no limit on how much you can put into an FSA account. If your employer offers one, contribute as much as possible right away – that way you’ll never have to pay more than you absolutely need when these expenses inevitably come up.

3. Pay attention to deductions and credits. There are many tax credits and deductions that can benefit us, including credits like the child tax credit or deductions like the

The U.S. tax system has a lot of rules, but there are also some great benefits that many people overlook or don’t know about. Here are five ways to take advantage of the system and make your tax return count:

The end of the year is coming up and you have probably started to think about the tax return that you will be filing soon. If you are like most people, your tax return is a significant part of your income. In fact, it can be a huge source of income to your family. The key to making your tax return work for you is to start planning now and make sure that you get all the deductions that you qualify for.

Here are five ways that you can use your upcoming tax return in order to save money and help secure your financial future.

There are many smart ways to save money and prepare for your retirement. It is a good idea to start saving early. You should plan carefully and save enough money to make sure that you will have enough money to meet your living expenses in the future.

Here are 5 tips that can help you save more money next year:

1. Save more of your income. This is an obvious tip, but it’s also one of the most difficult ones to follow because we all want nice things like big TVs and dinners out with our friends!

2. If you have been putting off buying a house, now may be the time to buy one.

3. If you run a business, you may be able to deduct some expenses as a business expense on your tax return, so talk with your accountant about this possibility.

4. If you have any investments, make sure that they are sound investments and not risky ones that could result in losses in the future.

5. Think about getting life insurance if you do not already have it, because when you die your family will get some money from the insurance company to cover funeral costs and other expenses related to your death.

YOUR TAX RETURN CAN DO SO MUCH MORE THAN INSPIRE AN OCCASIONAL NUDGE TO YOUR INCOME-SPENDING LEVEL. IT CAN ALSO DELIVER A SMACKDOWN TO YOUR TAX EXPENSE LEVEL. TAKE ADVANTAGE OF THE TAX RELIEF SAVINGS THAT LIE WITHIN YOUR REACH.

T1: MAXIMIZE THE SAVINGS POTENTIAL OF YOUR HSA

YOUR HEALTH SAVINGS ACCOUNTS CAN FILL A HUGE CHUNK OF YOUR RETIREMENT SHOES IF YOU’RE IN GOOD HEALTH AND HAVE A LONG JOURNEY AHEAD OF YOU.

THIS ISN’T JUST ABOUT PREVENTIVE MEDICINE, IT’S ABOUT BEING ABLE TO SPEND MONEY ON OUT-OF-POCKET MEDICAL EXPENSES DURING YOUR RETIREMENT YEARS.

BECAUSE MOST HSA PLANS ALLOW YOU TO USE THE FUNDS FOR ANY PURPOSE, THEY CAN EASILY BECOME A CRUCIAL PART OF YOUR RETIREMENT PLANNING. T2: EXTEND THE TIME YOU HAVE ENOUGH MONEY SET ASIDE FOR

Ever since I started blogging, there has been a number of people who have gone out of their way to post comments. They are always nice, and they always have something to say. I love it! You all are great! Anyway, this post is to let you all know that I do read the comments and most of the time I will respond. Sometimes I don’t respond because that is not what this blog is about, but I do read them. This year for my birthday (there are two days left), my parents gave me a gift certificate for an online photo book maker. Since then everyone has been asking me when I am going to put one together. I decided to do it this year for Christmas so here goes nothing:)

So far I did two pages for our trip to Hawaii in October. It was amazing! Here are the links to the two pages: Page 1 , Page 2 . If you want more information on how to make photo books check out my friend’s site here . She explains it best over there.

So if you want to see some pictures and hear some stories, please feel free to come over and take a look at my picture book!!

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