Receipts and income taxes

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income taxesWhen you file income taxes, receipts can help ensure that you get the benefits, deductions, and refund you qualify for. Unfortunately, many tax payers are not always organized and many receipts go missing before this time of year. While you may be running around and looking for receipts this year, there are several ways you can make next tax season much easier.

One way to make taxes easier is to find out which companies offer you some tax receipt help. If you do online banking, for example, you may be able to find and print your receipts online. Also, many pharmacies keep receipts for you and print them in one batch at tax time, upon request. Find out about such services – they will make record keeping much easier.

In addition, get into the habit of collecting all receipts. Have a large envelope or plastic box located in at least one or two spots in your home – one near the doorway and one near wherever you do your bills or write your mail. Pop any and all receipts into these containers. At tax time, they will all be easily accessible and it will just be a matter of pruning and organizing.…

You may have read those articles that pop up in magazines from time to time

Leigh WellsLeave a comment

Outlining all the millionaires and famous faces who never got a college degree. Yet, many people who are affluent do have an education. Is there a link between education and financial success?

The simple answer is “yes.” An education teaches many key skills, including language skills. Language skills are important when you are trying to set up a bank account, apply for a personal loan, or buy a home. Language skills can also affect where you work and therefore how much you earn. Education in general is also important. If you have a good education and have developed good research and thinking skills, you may be better equipped to research and compare personal loan options or develop a plan to get out of debt. A formal education may also be recognized by employers and may affect your chances of getting a good income.

Of course, even if you do not have a formal education, there are many ways that you can succeed financially. Many banks have staff members who can help you understand personal loans and other financial issues. There are also books, magazines, and newspapers that can help you understand your finances and can help you get the education and financial skills you need to succeed.…