Once one gets into the process of filling out a tax return, there’s a
whole world of possibilities that can occur. The tax code, both at the
federal and state levels, provides for a number of opportunities where a
filer can reduce his taxes owed. These adjustments are typically seen
in the form of a tax credit or a tax deduction. One thing is for sure: they're not the same.
Identity theft has become a serious problem. It occurs when a person
surreptitiously gains access to another person’s personal data and uses
their funds. There are many ways by which this can occur and it is
important that people are aware of how to protect themselves against it.
Used to be a time when you reached the age of 65, you could retire. But
now, with the rising costs of living and the economy, people who once
retired are now working longer. In fact, more than three in five U.S.
workers in their 50s and 60s plan on working past 65. And 47% say they
will continue in the workforce because of financial needs or the need to
retain health benefits, according to a 2011 study from the nonprofit
Transamerica Center for Retirement Studies.