Income Taxes

All income is NOT created equal. This is a great summary about how taxes affect how much you really get to keep from your income depending on the income type. Moral of the story: INVEST!
Income Taxes

All Income Is Not Created Equal

This post was originally published in 2017 and updated on 6/19/2024. One of the most impactful first lessons in personal finances involves illustrating how compound interest works. Investing your money results in exponential rather than linear growth due to earning income on your investment earnings, not just

Read More »
Income Taxes

A Complete Guide to Figuring Out Your Withholding & Form W-4

Surprises can be fun. I mean, full disclosure—I’m a typical type A personality, so they’re certainly not my thing. But I even enjoy a surprise party (for someone else, ha!), a good movie plot twist, or unexpectedly good news out of the blue. April tax surprises, on

Read More »
If you're serious about financial planning, you should understand taxes! The simplest way is to start with your own return and go line-by-line to make sure you understand each and every calculation and input.
Creating a Financial Plan

Tax Day Challenge: Understand Your Tax Return Line by Line

It’s tax day!  During my time working at a public accounting firm, this was a day of great celebration. The first half of the day was spent tying up loose ends and the second half was the end-of-season party. Of course, we did file tax extensions for

Read More »
This free class explains some of the slightly more complicated tax issues like qualified dividends, capital gains, Alternative Minimum Tax, Net Investment Income Tax and more. Love this spreadsheet to calculate taxes!
Creating a Financial Plan

TX303: Intermediate Income Taxes

If you’re just stopping by for the first time, this is a class in a series of classes over the next few months which will culminate in the development of a complete financial plan.  Stop by HERE for a complete list of classes currently available and HERE for more information about the

Read More »
Search

welcome!

I’m Kathryn Hanna and I love to budget (really, I do!), build spreadsheets, and spend money on travel, sewing supplies & good chocolate.

subscribe!

Get the free Federal Income Tax Narrative template to help you understand your own personal income tax situation.

topics!

Easy-to-customize spreadsheets to improve your entire financial life from budgeting to tax and retirement planning.