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ID Tax Theft: What to Do Next

Submitted by Sheri Iannetta Cupo on Tuesday, April 7, 2015 - 12:00pm

Your letter from the Internal Revenue Service says a bogus tax return was already filed in your name. Or your electronically filed return bounces back because fake returns are already on file with your Social Security number (SSN). Surprise: You may be the victim of identity theft. What can you do?

New Changes to Your HSA

Submitted by Jim Blankenship on Wednesday, April 8, 2015 - 12:00pm

Your health savings account (HSA) can be your one of your best friends when medical expenses hit, allowing you to tap a fund of pre-tax money to meet ever-spiraling health-care costs. Here are the latest numbers concerning these accounts and some potential new uses for the money.

Growth vs. Public Opinion

Submitted by Brenda Wenning on Wednesday, March 18, 2015 - 9:00am

Well, here’s a shocker. A new poll shows that a majority of Americans want a higher minimum wage. According to the Associated Press-GfK Poll, they also want paid sick leave and parental leave, free community college and more gender equality laws.

Lowering Your 2015 Taxes

Submitted by Sterling Raskie on Monday, March 30, 2015 - 12:00pm

With 2014 well over and the spring of 2015 looming, you may find yourself gathering all of last year’s tax information and getting ready to file your income taxes. Maybe you expect a refund or maybe you dread writing a check to Uncle Sam. If the latter, here are some tips to reduce your tax burden for 2015.

Finding Every Deduction

Submitted by Kimberly J. Howard on Thursday, February 26, 2015 - 12:00pm

Every possible tax deduction can help when your money is tight. Yet many available legal deductions go unclaimed each year simply because most taxpayers still don’t know the breaks exist. From eyeglasses to airline baggage fees, you might qualify for at least one often-forgotten deduction – and maybe more than one.

When Economic Beliefs Clash

Submitted by Brenda Wenning on Monday, March 9, 2015 - 9:00am

In today’s economy, the theory of cognitive dissonance gets put into practice regularly. That’s where you must hold two opposing beliefs in your mind. Obviously, the result is bad. When applied to our economy, it’s really bad.

IRA Withdrawal How-To

Submitted by Rick Kahler on Thursday, March 12, 2015 - 3:00pm

Last year I reached a milestone age: 59½, old enough to withdraw money from my individual retirement accounts with no penalty. While this felt bittersweet, it did remind me of the importance of timing when it comes to taking money out of retirement accounts. Withdrawing at the wrong time can create serious tax consequences.

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