5 Reasons Why You’re Always Broke
A recent survey found that 63% of Americans live paycheck to paycheck. If you’re sick and tired of being broke, it’s time to look at why you’re always strapped for cash and what you can do about it. Although making more money may seem like the obvious solution, it won’t do much...
Year-End Financial Checklist
Before the year comes to a close, there are some things you need to do before you kiss 2023 goodbye. Doing some year-end planning can prevent you from wasting money...and help set you up for success next year. Here are some year-end financial tasks to add to your to-do list....
Nine Million People Who Missed Expanded Tax Benefits Still Have Time to File
COVIDTax Tip 2022-166, October 31, 2022 More than nine million people may qualify for tax benefits but didn't claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the...
Grandparents and Other Relatives With Eligible Dependents Can Qualify for 2021 Child Tax Credit
IR-2022-181, October 17, 2022 WASHINGTON — The Internal Revenue Service reminded families today that some taxpayers who claim at least one child as their dependent on their tax return may not realize they could be eligible to benefit from the Child Tax Credit (CTC). Eligible...
Taxpayers Should Stay On Top of Taxes All Year to Avoid a Surprise Tax Bill
The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments. Because federal taxes are pay-as-you-go, it’s important for taxpayers to withhold enough from their paychecks or pay enough in estimated...
Tip Income Is Taxable and Must Be Reported
People who work in restaurants, salons, hotels and similar industries often receive tips for the customer service they provide. Tips can be taxable income, but it's important for people working in these areas to understand important details involving tips. What are tips? Tips are...
Traveling Soon? How to Protect Your Credit Cards and Your Plans
There is no doubt that having a credit card can make traveling easier. From reducing the need to carry cash to the inclusion of vital consumer protection, credit cards provide much more than convenience for travelers. In fact, credit cards are so important for travel that renting a...
Three Tips To Have A Stress-Free Thanksgiving
While many people look forward to Thanksgiving, there are others who dread the holiday. As a precursor to Christmas, Thanksgiving sets the tone for the holiday season and can often contribute significantly to the amount of stress people have to endure. But there are ways that you...
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