Two Tax Credits Every College Student Should Know About
Between tuition, books, housing, and transportation, going to college is expensive. The good news is your education expenses can make you eligible for a money-saving education tax credit when you file in 2022. Tax credits reduce the amount of taxes you owe and, in some cases,...
Protect Your Bank Account From Fraud
Cyber criminals are always looking for the perfect opportunity to rip you off, so you need to be on guard. They can steal your information by sending fake emails, intercepting your data while you’re using public Wi-Fi, or installing malware on your phone or computer. ...
The Biggest Financial Regrets in America
Everyone has made at least one financial decision they wish they could take back. Whether it’s buying too much house, racking up too much debt or something else. The good news is you can always bounce back. Here are the biggest financial regrets in America and how to correct...
3 Reasons to Opt Out of the Child Tax Credit Payments
The IRS will be issuing advance payments of the child tax credit through December. Eligible families will receive $300 per child aged 5 and under or $250 per child aged 6-17. While some taxpayers are welcoming the payments with open arms, others rather wait until spring to claim...
Still Waiting On Your Tax Refund?
Still waiting on your tax refund? Unfortunately, you’re not alone. According to the National Taxpayer Advocate Service the IRS had a backlog of 35 million unprocessed returns as of last month. As a result, it’s taking a lot longer than the usual 21 days for taxpayers to receive...
Getting Your Finances Back on Track After COVID-19
2020 was a rough year financially for many people. Some lost their jobs, saw their hours cut, or were forced to drop out of the workforce temporarily due to childcare issues. Now that people are getting vaccinated and businesses are reopening, we’re starting to see the light at...
IRS Announces Dirty Dozen Tax Scams for 2021
Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service today began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and...
How the American Rescue Plan Will Affect Your 2021 Taxes
The American Rescue Plan was created to provide relief to millions of Americans. It provided stimulus payments, lower health insurance premiums and several tax law changes which will impact your return when you file next year. Here are some of the big changes heading...
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