Personal Finance Mastery

Here are 9 Tax Deductions that expired at the end of 2011; for the millions of Americans that use these deductions you will find yourself with a higher tax bill the following Spring when you do your 2012 taxes.
MORTGAGE INSURANCE PREMIUM DEDUCTION
Starting in 2006 new loans that required Private Mortgage Insurance (PMI) and the borrower [...]

Everything You Need In Oder To Do Your Taxes
It’s that time of year again when W2’s are in the mail and everyone starts scrambling around searching for those receipts from last year and wondering will I get a refund or will I have to pay. The 2012 Tax Season has arrived and one of the [...]

 
 
 
Education Savings Account
The Cloverdell Education Savings Account(ESA) is a great tool that allows you to invest up to $2000 per year per child into the plan. Funds invested within the account grow tax deferred and then as long as the distributions are education related they are also tax free. 
Contribution
The $2000 maximum contribution applies both to [...]

How the Government is Taking Outrageous Tax Revenue from Every Gallon of Gas
Over the past few months I think we have all been a little pinched by the increasing cost of gasoline.  Luckily we have had a small reprieve lately with the price of crude oil pulling back a little but it has started creeping [...]

Tax season, my favorite part of the year! Not really but if you know how to estimate your taxes correctly at the beginning of the year, there shouldn’t be anything to worry about.  Even though I know how to calculate my taxes, I like to sit down with my Certified Public Accountant (CPA) and see [...]

[UPDATE] Today December 9, 2010 the Democratic House Caucus voted to not allow President Obama’s tax compromise reached with Republicans to come to the floor for a vote.  This of course puts everything in spin mode as each side works for the upper hand in the renegotiation.
Well I was originally in the middle of writing [...]

The Great American Economic Migration – Part 3
The Rise of the Lone Star State
Senator Phil Gramm has said of Texas: “I love Texas because Texas is future-oriented, because Texans think anything is possible. Texans think big” A tale of 2 states continues as we look closer at the growing economic power of Texas.
57 of the [...]