Internal Revenue Service (IRS) rules require companies with 401(k) retirement plans to identify highly compensated employees (HCEs). An HCE, according to the IRS, passes either an ownership test or a compensation test. Someone owning more than 5% of the company would qualify as an HCE, as would someone who was compensated more than $135,000 for […]
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Protecting a nest egg is tough enough. Don’t make the situation far worse.
If you have a flexible spending account, an FSA debit card allows you access these pre-tax dollars youâve set aside. With an FSA debit card, you can pay for qualifying medical purchases without having to file a reimbursement claim through your employer. In other words, an FSA debit card can make your healthcare spending that […]
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Inside: In this guide, learn how to file taxes without W2 in the shortest possible time. If you are like most people,…
Read More… How to File Taxes Without W2: The Simple Guide
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Some of these big retail chains offer workers 50% off of their products.
You don’t have to itemize to claim these deductions on your tax return.
There are free filing-assistance programs that can help you file taxes stress-free.
Sitting on my desk as I write this is an application I should have filled out months ago. Twenty-two months ago, to be exact.
It was then that I left my 40-hour-a-week office job, which included a convenient 401(k), dependable health care plan and, most refreshingly, a kind and understanding boss. It was tough to leave that job, but I wanted to pursue a career in freelance writing.
The entire experience was overwhelming. Details of that are for another post, perhaps, but the point is: what I found most overwhelming was dealing with my own finances. Administratively speaking, my employer had taken care of my retirement plan, taxes and health insurance. It was great.