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Tag: IRS

Which type of IRA should I contribute to?
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Which type of IRA should I contribute to?

  • Posted on January 16, 2021July 26, 2022
  • by BrightDime

IRA’s, or Individual Retirement Accounts, are tax advantaged accounts for saving and long term investing for retirement. The two most common types are Roth and traditional. You can make contributions…

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9 Common Tax Myths: Are They True or False?
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9 Common Tax Myths: Are They True or False?

  • Posted on March 13, 2020March 8, 2024
  • by BrightDime

Taxes can be confusing:; they are complex and the rules are constantly changing! Because of that confusion and complexity there are some stubborn myths about taxes. Take our Tax Myth…

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What Exactly Is a Marginal Tax Rate?
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What Exactly Is a Marginal Tax Rate?

  • Posted on December 13, 2019July 26, 2022
  • by BrightDime

The United States has what is known as a “progressive” tax system, meaning individuals with lower income are taxed at a lower rate than people with a higher income. Your…

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Tax Basics: How Will You File This Year?
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Tax Basics: How Will You File This Year?

  • Posted on March 5, 2019March 6, 2025
  • by BrightDime

Once you have all your current year tax documents ready it’s time to prepare and file your taxes. There are a number of options available to you and they vary…

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8 Tips For Keeping Yourself and Your Money Secure
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8 Tips For Keeping Yourself and Your Money Secure

  • Posted on March 1, 2019August 23, 2024
  • by BrightDime

Protecting your finances can feel like a full time job. Beyond some basic password advice, keeping an eye out for phishing and identity theft attempts, and spotting financial scams early,…

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Be Aware: That’s Almost Certainly Not the IRS Calling You

  • Posted on January 14, 2019July 26, 2022
  • by BrightDime

You pick up the phone and hear, “This is the IRS calling about an overdue tax payment.” If you’re like most people, that’s enough to make you a little nervous.…

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Know Which Documents to Watch For at Tax Time
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Know Which Documents to Watch For at Tax Time

  • Posted on January 11, 2019February 29, 2024
  • by BrightDime

It’s almost time to start preparing for filing your taxes. Whether you’re filing on your own, using a software provider like TurboTax or TaxAct, or working with a qualified tax…

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Taxes: File On Time, Even if You Can’t Pay On Time

  • Posted on January 10, 2019July 26, 2022
  • by BrightDime

It’s no surprise – it happens every year at the same time. On or around April 15th (varies slightly depending if it falls on a weekend), your income tax return…

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