Dan Explains Tax Refunds

With the deadline passed for having your taxes filed, financial adviser Dan Danford answers this timely tax question about how tax refunds work:

"Some years I owe money to the IRS, some years I get money refunded, and the amounts always vary. Is there a way to get a consistent refund or have an idea on how much I will receive or owe? If you live on a tight budget it's difficult when you receive an unexpected and unknown expense, such as owing additional taxes."

Danford, MBA, CRSP, of Family Investment Center, says while the tax refund process is easy to understand, there are many complicated factors.

Dad's Divorce: How To Save Money on Taxes

Dan is a weekly contributor to Dad's Divorce, a web site for men going through the divorce process. The site may have been designed for men, but the advice usually can apply to anyone. This week Dan Danford answers a popular tax season question in this week's edition of Money Made Easy: How do you save money on taxes?

Danford, MBA, CRSP of Family Investment Center, explains the need to understand how the tax system works and how the tax forms work. He also offers tricks to reduce your taxable income without actually earning less money.



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