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Running in the Snow

by Flexo

One of my goals for 2011, like most people who make New Year’s resolutions, is to lose weight. Earlier this week, I started a training program that will lead me to be able to finish a 5K. To track my progress and to assist with training, I’m using an application for my phone, RunKeeper. RunKeeper ... Continue reading this article…

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2011 Federal Income Tax Brackets and Marginal Rates

by Flexo
Income tax

The extended deadline is here for filing your 2010 income tax return. Since the Bush era tax cuts were extended, the income you’ve earned in the United States this year is subject to the same low rates as last year, but the margins have been slightly adjusted for inflation. In a few short months, 2012 ... Continue reading this article…

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20 Ways to Use the Payroll Tax Holiday

by Flexo

When Congress passed the Tax Hike Prevention Act earlier this year, it included an economic stimulus in the form of a payroll tax holiday. As Leigh Mutert, CPA explained in our podcast interview, the payroll tax will be reduced in 2011 from 6.2 percent to 4.2 percent. As a result, paychecks will be a little more than ... Continue reading this article…

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Congress Passes Tax Hike Prevention Act

by Flexo
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There seems to be more than enough in the new tax cut bill, which will soon become a law, to keep every income level happy. The Tax Hike Prevention Act of 2010 extends the tax cuts first implemented during President Bush’s tenure and adds more benefits for everyone. For another two years, the marginal income ... Continue reading this article…

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President Obama’s 2011 Tax Plan

by Flexo
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President Obama offered a framework for the tax-related aspects of spurring the economy moving forward. The foundation of the proposal, which conflicts with a bill that has already passed the Democrat-controlled House of Representatives, is the full extension of the Bush-era tax cuts, even for the wealthiest taxpayers. The proposal also calls for an extension ... Continue reading this article…

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Making Work Pay Credit Extension

by Flexo

The 2009 economic stimulus came to the middle class in the form of the Making Work Pay credit, which provided a $400 credit for single taxpayers or a $800 credit for married taxpayers filing jointly across two years. The credit was embedded in W-2 paychecks, hardly noticeable to many. The credit was also designed to ... Continue reading this article…

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Consumer Financial Protection Bureau Takes Shape

by Flexo

In July, the federal government passed a sweeping new law to reform the financial industry. One of the biggest and most hotly contested aspect of this new law is the establishment of the Consumer Financial Protection Bureau. President Obama has tapped Elizabeth Warren to oversee the development of this new agency. The new director won’t ... Continue reading this article…

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Podcast 79: Potential Income Tax Changes, Bob Meighan

by Flexo

Today on the Consumerism Commentary Podcast, Tom Dziubek talks to Bob Meighan, CPA and Vice President of Consumer Advocacy TurboTax, Intuit about potential income tax changes for the new year. Bob and Tom talk about the potential sunsetting of the “Bush Tax Cuts” and how it will impact more than just those making $250,000 a ... Continue reading this article…

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