> Budgeting & Planning

Tax Planning Basics
The goal of tax planning is to arrange your finances so as to minimize the taxes you pay. There are three basic ways to do this: reduce your income, increase your deductions, and take advantage of tax credits.

Investing and Taxes
Taxes on investment gains fall into two categories: long and short term capital gains. Knowing the difference can make a big impact on your tax bill.

Reduce Taxes With Retirement Savings Plans
Save on taxes while saving for retirement by investing in tax-deferred or tax-free retirement plans. Here's how.

Getting the Most Out of Your IRA Contributions
2007 may be gone, but it isn’t too late to make 2007 IRA contributions. Unlike most tax tips that require action to be taken before December 31st, IRAs have an added benefit of being able to make prior year contributions up until April 15th.

Traditional IRA and Roth IRA Contribution Limits
IRA contribution limits vary by year and age. This article charts the maximum allowable contribution to your IRA each year.

Retirement Planning Resources From the IRS
Retirees and those planning to retire in the near future should plan ahead to keep taxes at a minimum. Here are the basics on how retirement income is taxed, and strategies for keeping your taxes as low as possible.

How to Invest a Tax Refund
How you invest a tax refund or any other lump sum depends on your tolerance for risk, but more importantly on when you will need the money.

Bonds and Taxes
Bonds generate taxable income. Choose wisely, however, and you can avoid most of the tax burden while earning a nice return.

Turn Your Tax Refund Into a Mutual Fund
Investing your tax refund is a smart move, and mutual funds are a great place to start.

Maximize Your 401k Matching Contribution
Learn why maximizing your employer's 401k matching program is one of the best investments around.

How to Pay Estimated Taxes
If you know you will owe next year, estimated payments are due at least every quarter. Here are tips for calculating the amount you owe, plus ideas on budgeting for your tax payments.

Now's the Time to Plan to Reduce Next Year's Income Taxes
Besides the obvious tax reduction strategies, such as itemizing deductions, there are other steps you can take to lower your tax bill next year. The trick is to plan ahead.

8 Reasons to Ditch Your Shoebox Accounting System
For many start-ups and sole-proprietors, the shoebox or file box was a temporary fix prior to setting up an accounting system. But with procrastination the box can become the nemesis of your small business.

Independent Contractors vs. Employees for Small Business
Hiring an independent contractor or new employee is an important business decision. To guide you to the best possible choice, consider the pros and cons of hiring an employee or an independent contractor.

Year-End Tax Tips
Here are twelve simple tax moves you can do before the end of the year to keep next year's income taxes as low as possible.