Important Information About Filing a Tax Extension
As the tax deadline approaches, you may find yourself in need of more time to complete your tax return. Whether you’re missing important documents, dealing with a complex tax situation, or simply need a little more breathing room, filing a tax extension can give you the extra time...
Tax Filing Tips for Procrastinators
It’s that time of year again—tax season. The tax return filing due date is crucial because it determines the last day you can make contributions to retirement accounts like IRAs or HSAs and still qualify for tax deductions. And if you’re like most people, you’ve probably put it off...
How to Negotiate Medical Bills and Save Money: A Step-by-Step Guide
When you’re living paycheck to paycheck, receiving an unexpected or large medical bill can feel like a financial disaster. In fact, medical debt is one of the leading causes of personal bankruptcy in the U.S. But don’t panic just yet — you don’t have to break the bank to pay your...
Tax Deductible Pregnancy Medical Expenses
Curious about which pregnancy-related medical expenses you can deduct on your taxes? From prenatal visits to postpartum care, many costs associated with pregnancy may qualify as tax deductible pregnancy medical expenses. This guide will explain which expenses are tax-deductible, how...
What is a 1040 Form? A Guide to Understanding Your Tax Return
The information in this article is up to date for tax year 2024 (returns filed in 2025). Form 1040 is the standard IRS form individuals use to file their annual income taxes in the U.S. It allows you to report your income, claim deductions, and determine your tax liability. This...
What is a 1099-K?
A 1099-K form is sent by payment processors like PayPal or credit card companies to report how much money you received for goods and services. If you get paid through these platforms, this form helps you understand what a 1099-K is and how to report your income to the IRS. Key...
Are Car Repairs Tax Deductible? Find Out Here
Are car repairs tax deductible? If you’re using your vehicle for business purposes, the answer is yes. This article explains who qualifies, which repairs can be deducted, and how to claim these deductions on your taxes. Key Takeaways Car repair tax deductions are primarily available...
9 Inflation-Fighting Strategies for Households
Inflation is a major cause of concern for all households. Many households are not equipped to take on the increased cost of living. They often find themselves struggling with their finances and can't seem to make ends meet. If this sounds like you, it's time to go back to basics and...
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