The Biggest Financial Regrets in America
Everyone has made at least one financial decision they wish they could take back. Whether it’s buying too much house, racking up too much debt or something else. The good news is you can always bounce back. Here are the biggest financial regrets in America and how to correct...
3 Reasons to Opt Out of the Child Tax Credit Payments
The IRS will be issuing advance payments of the child tax credit through December. Eligible families will receive $300 per child aged 5 and under or $250 per child aged 6-17. While some taxpayers are welcoming the payments with open arms, others rather wait until spring to claim...
Still Waiting On Your Tax Refund?
Still waiting on your tax refund? Unfortunately, you’re not alone. According to the National Taxpayer Advocate Service the IRS had a backlog of 35 million unprocessed returns as of last month. As a result, it’s taking a lot longer than the usual 21 days for taxpayers to receive...
Getting Your Finances Back on Track After COVID-19
2020 was a rough year financially for many people. Some lost their jobs, saw their hours cut, or were forced to drop out of the workforce temporarily due to childcare issues. Now that people are getting vaccinated and businesses are reopening, we’re starting to see the light at...
IRS Announces Dirty Dozen Tax Scams for 2021
Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service today began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and...
How the American Rescue Plan Will Affect Your 2021 Taxes
The American Rescue Plan was created to provide relief to millions of Americans. It provided stimulus payments, lower health insurance premiums and several tax law changes which will impact your return when you file next year. Here are some of the big changes heading...
Child Tax Credit Payments Start July 15th
Starting July 15th, families with qualifying dependents will begin receiving advance monthly payments of the Child Tax Credit. You’ll receive half of your estimated credit between July and December, then the rest when you file your tax return in 2022. Here’s what you need to know....
Understanding the Refund Process
Once your tax return has been filed and accepted, it's only a matter of time before you start wondering how long it's going to take to get your money. According to the IRS website, most refunds are issued within 21 days of acceptance. However, some refunds are taking...
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