Taxes

Did you know you have to pay taxes on all winnings?!

January 17, 2020
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It’s true… Winnings are considered “income” and you can get in some serious doo-doo if you try to hide it. Though reputable places will at least remind you of it when they send you a nice tax doc at the end of the year informing you they’re reporting it to the IRS :) And it’s not only applicable to things like winning the lottery or […]

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What are you doing with your tax refunds?

March 14, 2019
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Saw this list come out on the best ways to use your refund money, and thought I’d use it as an opportunity to live vicariously through you guys since I’m getting squat this year ;) Though by no design of my own as I LOVE getting a nice chunk back every year and thinking about all the ways to power your goals! Even if it’s […]

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4 Ways to File Your Taxes for Free

January 30, 2019
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Morning, hustlers! Anyone already file their taxes and feeling good about it? Yeah, me neither ;) But I have started putting all the paperwork in one neat pile, if that counts for anything?! Haha… The good news though is that there are a handful of *free* places you can file your taxes this year, so before you get into it be sure to check ’em […]

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A Free Way to File Your Taxes This Year! (Federal + State)

January 31, 2018
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I know I know, taxes – ugh. But I might have something for you that could save you hundreds of dollars this tax season, both in filing fees, as well as getting back the maximum refunds owed to you. It’s a tool called MyFreeTaxes.com, and despite its somewhat spammy name I guarantee it’s legit ;) Not only do I have a good friend who recently […]

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The Ultimate List of What Belongs in Your Net Worth (And What Doesn’t)

October 23, 2017
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Do you include pensions in your net worth? How about art, insurance, homes, cats, baseball cards? These are some of the most popular questions I get asked, outside of “Is J. Money your real name?” (Yes) and “how did you get so damn sexy??” (I don’t know, it just comes natural! ;)) So today I thought I’d list out my personal feelings on it, and […]

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My Top 7 Disagreements With Personal Finance Experts

January 6, 2017
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[Hey guys! Have a feisty one for you today from fellow blogger ERN at EarlyRetirementNow.com. Some of these you may disagree with, as do I (no emergency fund? Blasphemy! ;)) BUT I always love hearing other peoples’ perspectives, and Ern here can surely put up a convincing fight. Regardless of where you stand though, I hope you’ll find some takeaways here to help you in […]

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ZOMGGGG… Getting $11,000 Back in Taxes!!

April 1, 2014
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$11,706 to be exact. And no, this is not an April Fool’s joke ;) (I was going to pretend I sold this blog for a million dollars and was dipping out, but came to my senses figuring you guys were way too smart for that… It’s pretty obvious my blog is worth at least a billion.) So today, I feel rich my friends! Despite my […]

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$47,150.29 – The Total Spent on Our House Last Year

January 22, 2014
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I write today’s post with both disgust, and relief. Disgust because we shelled out over forty-seven THOUSAND freakin’ dollars on our house last year (!!!), but a sweet relief that we’re finally out of that dang place and onto greener pastures… as well as getting all those renos out of the way too. But it still stings looking at the numbers no matter how you […]

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The Only Good Thing About Losing Income

October 28, 2013
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You pay much less in taxes :) It’s been an interesting ride here the past 4 months in the Money household… We’ve gone from an average of $150k in salaries down to about $80k. And throughout it I’ve come to appreciate a lot things I’ve since forgotten. Like, that nothing’s ever permanent. Or perfect. Or always fun, for that matter. All of which is okay […]

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Help A Reader: Buy a House to Prevent Uncle Sam?

June 17, 2013
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Got an interesting email over the weekend, and thought you’d enjoy reading and chiming in :) Can’t say I’ve heard of this one as a driving force to go out and buy a house! Haha… Though bonus points for the creativity. Here’s what our dear reader sent over: Hi J$! My husband has recently secured a nice, but temporary for now, gig that will bring […]

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In Which I Forget To Pay My Taxes…

April 24, 2013
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Just when I thought I was a pimp with my taxes, I go and do something stupid like *not* paying them. I’m such a dummy!! I was literally sitting on my couch on the 15th watching the horribleness unfold with Boston, when a friend of mine tells me it’s just a sad day overall. And indeed it was. First one of our cousins passes away […]

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Spend $25,000 to Save $9,000?

March 19, 2013
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I finally got my act together and sat with my account for tax stuff! And MAN does that always feel so good – regardless of the outcomes :) Just to knock something off your brain and free up more space, ya know? Hate those nagging thoughts that continually linger… And just like all years, I am always shocked that I don’t owe as much as […]

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Don’t Tax Me, Bro!

February 25, 2013
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Haha… whatever happened to that guy? One minute you’re getting tazed and the most popular person around, and the next you’re the butt of everyone’s jokes… I’m sure it was fun while it lasted though :) Anywho, how’s everyone’s taxes going? Anyone already done and over with it? I’m having two firsts over here: 1) This is the longest I’ve gone so far without filing […]

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Report Tax Evasion & Get Comped by The IRS?

January 16, 2013
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You really do learn something every day, I’ll tell you what… Remember last week’s guest post on my friend paying cash for a service and saving $400 in the process? Well, most of you came to the conclusion that the shop owner was probably discounting the rates in order to avoid paying taxes vs. saving on credit card transaction fees (which does make more sense […]

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