If you haven’t, don’t panic—there is still time today to file your tax returns. Forbes Magazine shared these 11 tips for the 11th hour filers out there. Check with your tax professional if you have any last-minute questions, and double check all forms carefully before you submit them. Remember that all tax forms must be mailed or e-filed by midnight tonight, April 15, 2014. Continue reading
What’s your favorite cause? In 2012, CNN reported that Americans gave an estimated $316.2 billion to charity. Along with enabling your favorite organizations to continue their good works, charitable giving can also be a smart tax strategy. Donations to qualified organizations can usually be claimed as deductions on your taxes, and you’ll get the added emotional satisfaction that comes from knowing you’ve done a good deed. Continue reading
Spring has finally sprung. Well, at least by the calendar. And that means, an important deadline is fast approaching – Tuesday, April 15, 2014. That’s tax day, or for those looking to save for their retirement, the deadline for making your Individual Retirement Account (IRA) contribution for the 2013 tax year. Whether you have an existing traditional IRA or Roth IRA or haven’t yet opened one, you won’t want to miss this important opportunity to save for the future. Of course, you can contribute to your 2013 IRA even sooner if you file your taxes before April 15. Continue reading
Let’s face it, nobody likes paying taxes. That’s why at tax time, many American taxpayers often obsess about ways to lower the amount they might owe or maximize their tax refund. In fact, many frequently pose a very popular and specific question: “Can I write that off?” Continue reading
When it comes to managing your personal finances, there are many things to consider. Decisions you make today not only impact your current lifestyle, but can also have broad-ranging effects on your life down the line. Wherever you are in life, it’s always a good idea to periodically take stock of where you are with respect to your money. If you’re struggling to get your finances back under control, or if you’re just looking for some good advice, here are nine suggestions to help you lead a healthy financial life, today and tomorrow. Continue reading
It’s an annual passage and a sure sign that spring is approaching. It’s not longer days or warmer temperatures. It’s tax season and the all-important tax return filing deadline in mid April. And before you can even begin to think about the size of your return or the amount you owe, you’ve got to start by answering a simple question:
Who will file your taxes?
Will you do it yourself? Or hire someone to do it for you? There are some good arguments for both sides:
Doing It Yourself
The good news is that with the advent of technology, there are now a lot of helpful programs on the market to simplify tax filing and handle the calculations for you. For example, in their Super Bowl ad, Turbo Tax® demonstrated just how easy it is to answer tax questions and filing.
With the April 15 income tax filing deadline nearing, Community Bank is launching a new blog series called Tax Talk Tuesdays. Each Tuesday on our blog (now through April 15), we’ll tackle a different tax-related topic. From the basics of income tax to advice on charitable giving, our Tax Talk Tuesdays series will provide you with helpful tips and strategies to make the most of your money throughout the year.
A credit card can be a convenient staple of your financial life and these days, there are countless options available. Credit card advertisements are nearly impossible to avoid; you’re likely constantly bombarded by offers of frequent flyer miles, attractive APYs and loyalty points programs. All of this advertising can make deciding on a card a daunting task. But the truth is, choosing the right credit card and knowing how to use it wisely is important and can have a large impact on your finances. Continue reading
The time has come once again for New Year’s resolutions! While some tend to scoff at the idea, the beginning of a new calendar year gives us an opportunity to take a look at our habits and consider how we might live better, happier or more fulfilling lives. Continue reading
After many months of hard work and development, the app is out of the bag: we’re mobile!
Community Bank of the Chesapeake is proud to announce the launch of our new Mobile Banking app —designed to help you have access to your finances at your fingertips, 24-7. Available for both the iPhone and Android, the app makes it possible for you to bank wherever and whenever is convenient.
When you download the free app from your app store, here are some of the features you’ll be able to take advantage of: