Should My Spouse and I File Taxes Jointly or Separately?

Whether it’s something as simple as picking a restaurant or as complex as deciding whether to have children, marriage requires lots of mutual decision-making.

Financial advice

Couples who tie the knot will have another choice to add to that growing list next tax season, as they can either file joint or separate returns. This choice can affect the amount of taxes they owe or the size of their refunds.

Here’s a closer look at these two options and how to determine which filing status is best for you and your spouse.

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Act Quickly If You Miss the April Tax Filing Deadline

Content Provided Courtesy of NerdWallet.

File Tax Return!

Although it might be hard to believe, the consequences of missing the April income tax filing deadline can be even more frustrating than completing the return in the first place.

You can get an automatic six-month extension of the time to file just by asking, but if you owe taxes, you have to send in the estimated amount by the original filing deadline which is Tuesday, April 18, 2017 for the 2016 tax year.  If you don’t file your tax return on time, you can expect to be hit with penalties. Here are some tips on how to minimize the impact on your wallet.

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Best Ways to Save on a Summer Vacation

three generation family portrait

When you’re trying to stick with a budget it’s never too early to start planning for your summer vacation. And because it’s a supply-and-demand world, the longer you wait to plan the more likely you’ll be up against higher airfare, hotel costs and car rental rates. But here are some tips to help keep things affordable.

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Top 10 Tax Deductions You’re NOT Taking

This content provided courtesy of TurboTax.

This article is for information purposes only. Please consult a qualified tax professional for tax advice on your specific situation.tax form with calculator, money and pen

You could be leaving hundreds of dollars on the table when you file your tax return this year. From magazines to medical insurance premiums, little-known tax deductions and credits could make tax day a happier one for your family this year.

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Breaking Up with Name Brands

Reprinted Courtesy of  “It’s a Money Thing” 

Grocery shopping

Picture this scenario: you’re steering your shopping cart through the sliding doors of the supermarket, shopping list in hand. As you walk the aisles, there’s a strategy you can use to save an average of 33% on your entire purchase. It doesn’t require any coupon cutting or signing up for rewards cards. And the best part? You still get every single item on your list. The secret? Buying private-label products instead of brand-name products.

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