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...
6 of the Most In-Demand Jobs Right Now
The future is looking bright now that more people are getting vaccinated, and businesses are hiring. If you’re searching for a new job, LinkedIn recently revealed the most in-demand jobs based on the number of postings on their website. Here are some positions that made...
4 Financial Habits Worth Keeping When the Pandemic Ends
The pandemic has forced all of us to change our lives in some way, shape or form. It’s affected the way people shop, travel, entertain themselves and spend their money. A NerdWallet survey found that 85% of U.S. adults developed new money habits during the pandemic and most plan...
8 Ways to Simplify Your Financial Life
Some people go to extremes when they first decide to take control of their financial lives. They’ll go from spending without a care in the world to implementing a budget that’s far too strict. Or they become overly ambitious and try to tackle 20 goals at once. The key to...
What Happens if You Missed the Tax Deadline?
So, Tax Day came and went, and you still haven’t filed, huh? Well brace yourself because you may have some expensive repercussions heading your way. If you owe the IRS and missed the tax deadline, you’ll be penalized for failing to file and for not paying on time. Plus, your...
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