Thursday, January 3, 2008

Tax Season

Looks like we didn't learn much in 2007. :P Happy new year! Now how about everyone start thinking about their IRAs.

For 2008, the maximum IRA contribution is $5000, if your salary isn't really high. You have until April 15th to put in your contribution for 2007, which can be up to $4000.

I seem to remember that H&R Block does some 80% of their business between January and April. This was the answer to the final Jeopardy question that Ken Jennings. Actually, the real question was "Most of this firm's 70,000 seasonal white-collar employees work only four months a year."

Ken said FedEx. As a result, his record-breaking streak ended, and H&R Block offered lifetime financial services for him. The article states he was expected to pay approximately $1.045 million from his winnings of $2.52 million.

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