Not everyone gets a tax refund, but most Midwesterners start to get the itch to head outdoors when spring hits. So, whether you owe the IRS or they owe you here are some Fun Midwest Spring Getaways to plan that won't break the bank and are sure to move you beyond your own front door.
The Internal Revenue Service recently announced that interest rates have increased for the calendar quarter beginning April 1, 2016. The rates will be:
The best laid plans are always subject to change - and change is usually a good thing unless it affects the money in your retirement fund. Many people find it necessary to take out money early from their IRA or retirement plan for unexpected reasons. Doing so, however, can trigger an additional tax on top of the income tax you may have to pay.
Read on for six things to know about taking an early distribution:
Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss. This dollar amount is very important when filing and paying taxes (For example: If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income.) so it's important to understand the numbers and how it will affect your bottom line.
Read on for Ten Facts you should know.