Category Archives: Tax

Social Security (FED OASDI) Tax Impacting Your Paycheck in 2013

Posted on January 11, 2013 by UltimateSmartMoney

Have you checked your paycheck stub in 2013 yet?  If you have, then you already noticed that FED OASDI/EE, which stands for Old-Age, Survivors, and Disability Insurance/Employee’s Earning, under your tax deduction section went up significantly. 

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5 Reasons to File Your Tax Return Using TaxAct

Posted on April 1, 2012 by UltimateSmartMoney

One of my least favorite things to do is filing my tax return.  When the new year comes around, I start getting worried because of this.  Not only do I have to itemize everything including mortgage interests, property taxes, and … Continue reading →

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5 Tips on Maximizing Tax Benefit Before The Year End

Posted on December 28, 2011 by UltimateSmartMoney

As we end the year 2011 in three days, many people are looking for ways to maximize their tax refund when they file their taxes by April 15, 2012.  In general, it is a good idea to find ways to … Continue reading →

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My Fed OASDI/EE Went Down on My Pay Stub

Posted on November 5, 2011 by UltimateSmartMoney

I did not know about this new Social Security tax cut for 2011 where there was a 2% tax cut from our payroll taxes from our total taxable income.  The Social Security tax was 6.2% but for 2011, it was … Continue reading →

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Frequent Tax Returns Audited By the IRS

Posted on October 27, 2011 by UltimateSmartMoney

Have you ever been audited by the IRS? I have been one of the fortunate taxpayers who have not been audited. But, I did receive a letter from the IRS back in 2008 stating that I short changed IRS by … Continue reading →

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