Tax Rebate Update: Not an Advance

Finally, we have some truth shining through after a week full of questions on whether this tax rebate is an advance or “free money.” In the end, it turns out it is neither. What it is is prepayment of a tax credit we would have received in our 2008 returns. Here’s the [...]

Confusion Over the Tax "Rebate"

With all of the talk about the anticipated tax rebate from the government, a lot has still not been clarified. One important detail for which I have not yet heard a definitive answer: Is this an advance on 2008’s anticipated tax refund or is this “free” (using that term very loosely) money from the [...]

Friday Link Love

I read a lot of articles and blogs throughout the week. Seriously, I’m tracking the feeds of over 25 personal finance blogs right now and I’m constantly finding new ones. Reading books will teach you a lot, but the constant flow of new ideas from blogs will really teach you a great deal.
In [...]

Preliminary 2007 Tax Figures

Last night I sat down and decided to figure out my taxes for 2007. In past years, we went to H&R Block and had them do our taxes for about $365. Considering that I make about $32 an hour before taxes, it would be a net profit if it took me [...]