If you earned $49,078 or less last year, it is highly likely that you will be eligible for the Earned Income Tax Credit (EITC). Although the EITC has existed for decades, it’s been improved and expanded over the years. Yet, 20% or approximately 5 million eligible workers and their families don’t claim the credit when they file. Find out if you qualify for this credit. Read More.
The constant changes airlines are implementing to their frequent flyer programs should not be the only thing to worry about for your miles. Now, you could actually also be on the hook for taxes. Read More.
The IRS warned that tax refunds could be delayed by as much as a week compared to initial projections. The agency is working on “fine-tuning” their anti-fraud systems which may delay refunds for certain taxpayers. When exactly can I expect to receive my refund and how do I track it? Read More.
Well armed is well prepared when it comes to preparing your federal tax return, so the more information and documentation you have on hand before you begin, the quicker and easier the process will be. You don’t want any errors that might leave you open for an IRS audit or assessment of penalties. Read More.
In 2010, many traditional IRA holders converted to a Roth because the principal and appreciation grows tax free. Now, it’s time to start paying taxes for the conversion, if you haven’t already. Read More.
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