Refunds are larger this year—$3,229
You can find out where your refund is at http://www.irs.gov/Refunds
What do you do with your tax refund?
Let Uncle Sam help you reach your goals.
Michele invested her refund every year and now has more than enough for retirement.
“This is the no-pain way to save.” She is a Tax-Refund Millionaire:
We pay extra $1,259 so that rich can pay less
The average American would have to fork over an extra $1,259 in state and federal income taxes this year to make up for the revenue lost because of offshore tax havens used by corporations and wealthy individuals, according to a new report. U.S. companies will use offshore tax havens to avoid paying an estimated $110 billion in taxes this year, according to the analysis by the U.S. Public Interest Research Group. Wealthy people will circumvent about $74 billion in taxes. Warren Buffett pays 17%, Mitt Romney 15%, John Kerry 13%, GE pays 0% tax. Pay your fair share with this tax-FREE account: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236/
Avoid tax penalty and interest
File your tax return and pay what you can even if you are late. This reduces the penalty and interest you will be assessed. When you get a bill, don’t ignore it. Set up a payment plan with IRS approval now. Efile even if you can’t pay. File for a payment plan: http://www.irs.gov/Individuals/Online-Payment-Agreement-Application
If you rent, your landlord will not cover damage/loss to your stuff
To help renters calculate how much coverage they need, the institute offers a home inventory tool at www.knowyourstuff.org. A room-by-room inventory may determine that you need more than the $50,000 or so that the basic policy offers. And while you’re at it, take photos of expensive items; they may be useful if you ever have to file a claim. A basic policy costs about $300 but has some limits so shop your auto insurers’ quote:
Are you missing a life insurance benefit?
Insurers use a central registry of people who purchased life insurance. You can use it to find a lost policy. Perhaps a relative has passed and you suspect they had a policy. MIB today announced a new online order form, which makes it easier for consumers to search its Policy Locator Service, the insurance industry's most comprehensive resource for finding lost life insurance policies. Look for cancelled checks with the name of the company before you pay the search charge. http://www.mib.com/lost_life_insurance.html
Vanguard expanding service
Vanguard's decision to expand its web-savvy retail advice service is sending shivers throughout the financial planning community. The service provides investors a financial plan, asset allocation plot, ongoing monitoring and re-balancing, performance forecasting and periodic contact with an adviser for 0.3% of portfolio assets annually. The service “typically recommends” Vanguard funds as investments to clients, according to a company brochure. It has more than 200 Vanguard-trained certified financial planners and investment adviser representatives working with the firm, with nearly 150,000 clients. Compare their advice service to yours: https://personal.vanguard.com/us/whatweoffer/advice/personaladvisor3
Study finds excess fees steal workers’ retirement futures
The study found that the higher the cost of the plans, the more likely costs will discourage investor participation. High-cost plans “are not inducing more employees to participate more or to contribute more,” the two authors write. The study used data from more than 3,000 401(k) plans with more than $120 billion in assets. In 16 percent of the analyzed plans, “the fees charged in excess of an index fund entirely consume the tax benefit of investing in a 401(k) plan,” the authors found. Tune up your 401k Earn more:http://www.amazon.com/Tune-your-401k-EARN-Tax-FREE/dp/1490591028
ObamaCare may lower your car insurance costs
Every year U.S. insurance companies have to pay out billions of dollars for medical care because of injuries in the workplace, car crashes and similar claims. According to the report, in 2007 medical costs from auto accidents forced insurers to pay out $35 billion, about 2 percent of all health care costs that year. As more of the previously uninsured get coverage through Obamacare, insurers won't have to put aside as much money to pay for their care -- and that could mean lower premiums. Also, some patients now use automobile liability insurance to get treatment for medical problems unrelated to an accident. With the ACA, they'll be able to use their regular medical insurance to pay for that. Who knew?
Obama is not given credit by those who ran up the deficit with 2 wars and 2 tax cuts for the rich. The top 1% take over 23% of income. Household income fell to under $50,000. http://inequality.org/income-inequality/More corporations have stashed record $2 TRILLION in tax shelters. Others have “moved” outside US to avoid taxes.
Here we go again—certain people have to “register” and pay extra tax on property
Jews in the eastern Ukrainian city of Donetsk where pro-Russian militants have taken over government buildings were told they have to "register" with the Ukrainians who are trying to make the city become part ofRussia , according to Israeli media.
Isn’t this how Hitler started? He had Jews register and later took Poland to “protect” ethnic Germans living inPoland .
Wal-Mart wires money for less—much less
“Walmart-2-Walmart” allows a money transfer to be made between any Wal-Mart locations throughout theUnited States --4,000 different locations on U.S. soil. Transfers under $50 will be subject to a $4.50 fee, while larger transactions will bill on a blanket fee basis of $9.50. Walmart-2-Walmart will only support transactions of up to $900, meaning that those wishing to send $1,000 or more will still opt for MoneyGram. (Walmart-2-Walmart is also limited in that it only supports transfers within the United States .) Still, since MoneyGram can often bill $70 or more in fees for a $900 transfer, there is no doubt that Wal-Mart’s service will be a competitive option for most people. Some banks use email and apps for transfers at no charge.
SCAMS Why are we still paying $700 Billion a year for WWII deployments?
We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany .
Are we preparing for WWII again? There are 1,208,083[1] armed personnel in the United States . Our taxes pay for about HALF of the WORLD’s military expenditures every year.
We just can’t afford to pay for everyone else’s defenses anymore.
DoD head Hagel proposes budget cut but still pay for Lockheed F35 plane failures.
You are NOT responsible for parents’ debts
The Social Security Administration is suspending a program in which thousands of people were having their tax refunds seized to recoup overpayments that happened more than a decade ago. "While this policy of seizing tax refunds to repay decades-old Social Security overpayments might be allowed under the law, it is entirely unjust," Democratic Sens. Senators Barbara Boxer of California and Barbara Mikulski of Maryland said in a letter to Colvin. SS spokesman said, “we do not use tax refund offset to collect the debt of a person's relative — we only use it to collect the overpaid benefits the person received for himself or herself."
Who owns your account Now?
Nuveen Investments to TIAA-CREF, the manager of retirement accounts for teachers
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