Filing taxes can be complicated enough, but it can be even tougher if your life is up in the air or if you're going through a life transition. So, we turned to financial experts Ginita Wall and Candace Bahr of the Women's Institute for Financial Education (Wife.org) for their tips to save your sanity and get you what you deserve:
Taxes are, unfortunately, a part of every financial decision. Like it or not, Uncle Sam's greedy fingers reach into your pocket with every paycheck and each dollar of investment earnings.
These tax tips are excerpted from Ginita Wall's booklet "150 Ways to Save Taxes Through Life's Transitions."
The booklet includes tax tips for eight major life events, including going to school, beginning a job, becoming a family, business ownership, divorce, and retirement, plus bonus sections on tax troubles and year-end planning.
- Withdraw penalty-free from your traditional IRA to pay higher education expenses for yourself, your children,