“Relieved that you won’t have to think about taxes for another year now that you’ve finally submitted your 2017 return or will soon? It’s best not to put taxes on the back burner yet. Instead, take advantage of being in tax mode to make a few moves that can help with next year’s return and […]
“The average tax refund was $2,895 last year, according to the IRS. Whether you’re looking to use it for travel, invest it or use it to build an emergency fund, there are certain steps you can take to stretch your tax refund dollars.” Forbes has some ideas: “Simple Ways To Stretch Your Tax Refund”
Nobody likes to pay more in taxes than they absolutely have to. By the time you start preparing your return, it’s too late to use some of the smartest tactics to control the size of your tax bill. Instead, you have to plan in advance to make sure your refund is as big as possible. […]
Here are 12 of the biggest tax scams the IRS is flagging this year: Phone scams Phishing Tax return preparer fraud Falsely inflating refunds Falsely inflating income Falsely padding deductions Improperly claiming business credits Making frivolous tax arguments Abusive tax shelters Fake charities Hiding money offshore Identity theft Read up on these: “12 tax scams […]
If your return is fairly simple and you’re up for the challenge, preparing your taxes solo could save you a bit of money. In fact, an estimated 33% of Americans file their own taxes each year, so if you’re ready to join their ranks, here are a few tips for getting through the process. 1. […]
“The new federal tax law created a lot of confusion over whether tax filers may still deduct the interest they pay on their home equity loans and home equity lines of credit. “The new law suspends the deduction for interest on home equity indebtedness for the next eight years. “But it turns out the suspension […]
How do your financial milestones compare with the average consumer’s? The CALIFORNIA ASSOCATION OF REALTORS averaged consumers’ answers to when they: Started saving for retirement Attained a good credit score over 700 Saved $10,000 Paid off student loans Purchased first home This infographic is from CAR.org.
“It’s been almost six months since Equifax announced a massive data breach that exposed personal information for as many as 145 million Americans.Cyber thieves could use that data to open up credit cards, take out loans, or carry out a medical theft. “But many Americans aren’t being proactive to protect their financial well being. Half […]