Many people have the urge to splurge with their once-a-year windfall. But how you use the money makes all the difference.
The president and his wife report an effective tax rate of 18.4% for 2012.
The hassle of doing your taxes is still a very fresh memory. Use that as motivation to take a few steps now to make next year's tax preparation much less stressful.
With tax time behind you, it's time to look at whether you really need all those piles of papers you've been saving.
| Tags: | federal taxtaxes |
Some economists say Americans making $3 million or more can handle a levy of up to 66% with no harm.
If you didn't make the maximum contribution to your health spending account, you can still contribute and get a tax writeoff.
It's not too late to contribute to an IRA, a Roth IRA, a SEP-IRA or a health savings account. An extension will extend some deadlines to Oct. 15.
| Tags: | federal taxIRAtaxes |
A new survey says a surprisingly large group -- one-third of taxpayers -- doesn't mind the annual April ritual.
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