Everybody makes mistakes – there are no exceptions. If you discover an error or something you missed on your return after you filed it, don’t panic. Fortunately, most mistakes in life can be fixed, and your tax return is no exception.
Archives for March 2014
How much of your monthly mortgage payment is tax deductible? The short answer is more than you might think, but not as much as you might hope. Depending on how your mortgage is set up, your monthly payment likely includes principal, interest, taxes, and insurance, also known by the acronym PITI. Let’s take a look […]
Tax Day is nearly upon us, and even if your finances are in perfect order, it’s hard not to breathe a sigh of relief when you’ve finally filed your tax return. Compiling information and receipts for 365 days’ worth of personal and business transactions can sometimes feel like an insurmountable task. Tax season is actually […]
Before venturing off to college, filing a FAFSA (Free Application for Federal Student Aid) is a necessary step in order to qualify for federal student aid. The FAFSA (Free Application for Federal Student Aid) is administered by the Federal Student Aid, an office of the U.S. Department of Education. This office provides more than $150 billion in […]
The hard part is done. You’ve filed your taxes. Now you want to know – was your return accepted and when should you expect that refund from the IRS? TaxACT has a free app for that – Tax Return Status by TaxACT. Who Can Use Tax Return Status by TaxACT?
You’ve heard by now that health insurance companies can no longer deny you coverage because you have a pre-existing condition, thanks to the Affordable Care Act (ACA). That sounds like good news, and for many people it is. It’s not quite that simple, however. Make sure you understand the new rules for pre-existing conditions:
That’s the deadline. If you haven’t yet signed up for health insurance, there’s no day like today. Despite the record snowfalls and wind chills gripping the country, January was a hot month for healthcare. More than 1.1 million people signed up for coverage through state and federal marketplaces, according to a recent Department of Health […]
Owning a home has long been a great way to save on your taxes. That’s still true. Take a look at the following ways that owning a home can still give you a break on your taxes.