If you’re part of the 54 percent of American taxpayers anxiously anticipating a tax refund this year, you should have an action plan for that money once it hits your bank account. According to the IRS, the average refund last year was $2,860. That’s a nice chunk of change that can have a huge impact […]
It’s tax season – or as it’s frequently called, “refund season!” And that means tax filers like you are barraged with messages about getting your “maximum refund.” Many of those messages come from tax software companies and even tax preparation store fronts. It’s certainly not new – the tax industry has been telling the “maximum […]
The Child Care Tax Credit and the Additional Child Care Tax Credit are different, but you can take advantage of both if you qualify.
Find out how the Earned Income Tax Credit can impact your tax return.
We all know how important it is to save for retirement. Most of us think about saving. But we’ve all seen the statistics — Americans aren’t the best savers. In fact, one in three Americans hasn’t saved a penny for retirement. It’s not that we don’t want to save, it’s just hard to figure out […]
If you already stashed away your tax return, you may want to dig it back out. There are a variety of things you can discover by reviewing each form and understanding the significant impact your taxes can have on your financial health. Now is a great time to take a second look at your return […]
This year, don’t let your tax results take you by surprise. Instead of spending time worrying about whether you are withholding enough income tax from your paycheck, take a few minutes to do something about it. Be proactive in your tax planning so you can feel confident you’re covered come tax season.
Updated for Tax Year 2015 There is something deeply satisfying about receiving a big, fat refund from the IRS. Your boss withholds a big slice of your paycheck each month for federal and state income taxes, and now is your chance to get some of that cash back. If your goal is to get the […]
Is there a way to spend your tax return wisely and take a much-needed summer vacation? If you’re among the 75 percent of taxpayers who got a refund from the IRS this year, you might be pleasantly surprised to learn that putting some of that cash toward a life experience that’s personally rewarding and memorable […]