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Weekly Favorites: Irrational About Tax Refunds, Claim Natural Disaster Loss, Tax Audit Red Flags, Credit Card Tax Payments Bad Idea

Weekly Favorites: March 22, 2013 - TaxACT

Weekly Favorites: March 22, 2013

Why We’re So Irrational When It Comes to Tax Refunds via Time; Business & Money
A tax refund is just that — a refund of your own hard-earned money. It’s not a gift or a stroke of good fortune. The problem is that most people don’t look at tax refunds this way. Most Americans—a full 75%—receive refunds after filing their taxes. Continue reading… 

House Damaged In a Natural Disaster? Claim Your Loss! via LearnVest
Let’s face it: 2012 wasn’t a great year for homeowners—and we’re not even talking about foreclosures. There were wildfires, tornadoes, flooding, mudslides, more wildfires, more tornadoes and, oh, yeah, Hurricane Sandy. Even if you have homeowner’s insurance, it may not have covered all of the damage to your home if you fell victim to one of these disasters. Continue reading… 

12 Tax Audit Red Flags via CNN Money
To avoid catching the attention of the IRS, beware of these tax audit red flags. Continue reading… 

Why Credit Card Tax Payments Are [Usually] a Bad Idea via Michael Dolen
The federal government accepts income tax payments by “any commercially acceptable means,” which includes debit and credit cards. But just because you can do something, it doesn’t necessarily mean you should. Continue reading… 

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