4 Ways Interest Rate Hikes Can Affect Your Spending
It feels like everything costs more these days – housing, food, gas, all the essentials. Part of the problem is inflation. To try to get it under control, the Federal Reserve has hiked interest rates four times this year and more increases are expected to come. The idea is that...
2022 State of Illinois Tax Rebates
Source: Illinois Department of Revenue File your taxes fast and ez in 30 minutes or less.
Parents Can Boost Their Back-To-School Budget by Claiming Tax Credits and Refunds
Summer is slipping away and another school year is starting. As kids head back to the classroom, parents are ticking items off the school supply list. If they want to boost their back-to-school budgets, parents and guardians should make sure they aren’t missing out on their 2021...
Don’t Wait Until October 17 to File a 2021 Tax Return
For people who requested an IRS extension to file, the October 17, 2022, deadline may seem far away, but it's coming up fast. Taxpayers who haven't filed, whether they requested an extension or not, should file a complete and accurate return as soon as possible. For people who have...
The IRS Is Refunding $1.2 Billion in Penalties Next Month
WASHINGTON ̶ To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step...
2021 Tax Extension Filers, Don’t Overlook These Important Tax Benefits
WASHINGTON — The Internal Revenue Service reminds taxpayers who’ve yet to file their 2021 federal income tax return to make sure they take advantage of the deductions and credits for which they’re entitled and to file electronically as soon as possible. “Each year, eligible...
Contest 2022
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Government Assistance Programs for Low-Income Families
The U.S. Census Bureau reported that in 2020, 37 million Americans lived in poverty. If you’re struggling financially, the government has assistance programs that can reduce the cost of food, health care and other basic needs. Each program has its own set of requirements...