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November 20, 2008 1:00:13 PM EST

Taxes & Estate

Personal Finance 5 Smart Ways to Use That Refund

AMERICAN TAXPAYERS ARE about to come into a bit of money. While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change. (continued...)


Tax Guide

  • The Tax Perks of Charitable Giving
    Charitable giving is good for more than just your soul, here's how to make sure your good deeds get properly rewarded.
  • 5 Smart Ways to Use That Refund
    Should you buy a plasma TV or book a last minute trip to the Carribean. As tempting as it may be, here are five better ways to put that money to use.
  • Looking for a Tax Pro?
    Here's a guide to many happy returns.
  • Debt and Your Taxes
    They're both too high, right? But your debts may actually help keep the evil twin at bay. Here's a quick summary on when you get a tax break for borrowing and when you don't.
  • The Alternative Minimum Tax
    It's ugly -- and an increasing number of us have to pay it. If your gross income is above $75,000 read here to find out if you owe.
  • Calculating Taxes on Stock Sales
    You have two options when you figure your taxes, the trick is to make the decision before you sell the shares. Here's the lowdown.
  • Calculating Taxes on Fund Sales
    Figuring your tax bill on mutual fund sales is about as fun as going over a waterfall in a canoe. But, if you plan ahead and maintain good records, you can save yourself a bundle come April 15.
  • Taxes on Investments Received as a Gift or Inheritance
    If you sold stocks that were given to you as a gift, you'll need to show this on your tax bill. Here's how.
  • Avoiding the AMT on ISOs
    Want some ideas on what you -- an innocent ISO holder -- can do to minimize or even avoid paying the dreaded AMT, read on.

Calculators

  • Capital Gains Tax Estimator
    If you're going to invest (whether it's in stocks, real estate or even rare stamps), you have to understand capital gains. The SmartMoney.com Capital-Gains Guide will tell you everything you need to know.
  • Employer Stock Option Tax Estimators
    If your stock options are still above water, count your lucky stars. You can leave the tax calculations to us.
  • What's Your Average Tax Rate?
    Plug your own numbers into our calculator to find your own average tax rate and see how it changes at different income levels.

Estate Planning

  • Closing Down the Estate
    When a loved one dies, somebody must step up to the plate to handle all the resulting tax issues. Here's an overview of four major steps you need to consider.
  • You've Gotta Start Somewhere
    It may sound morbid, but from trusts to funeral plans, here's what to consider when planning your estate.
  • Passing Your Home to Heirs
    There are nearly half a dozen ways to give a home to your child. And a couple are tax-free. Here is a rundown of your options.
  • Start Giving It Away Early
    It can be a wise estate-planning move to bequeath your IRA to charity and other assets to loved ones. Here's why.

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