Three Tax Myths You Can’t Afford To Believe
As is the case with many financial matters, there's lots of bad information out there within the realm of taxes. That's why It's important to arm yourself with good information when tackling your tax return. You can't afford to buy into myths that could seriously lead you astray. CLICK ON THE HEADLINE FOR MORE
Your Unpaid Taxes Still Accrue Interest Even Though IRS Suspends Collection Notices. Here Are Some Payment Options To Consider
With a backlog of millions of returns, the IRS has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. But that doesn’t mean interest stops accruing on outstanding balances. Although the agency has been difficult to reach by phone, there are a few ways to resolve unpaid taxes. CLICK ON THE HEADLINE FOR MORE
15 Self-Employment Tax Deductions
Finding out you owe $10,000 in taxes instead of $15,000 is a big win, but not if you don't have anywhere close to $10,000 set aside. While self-employment tax deductions can save you money, don't expect them to wipe out your tax bill completely, Once you've made a habit of setting aside money for taxes, you can keep more of it in the bank. CLICK ON THE HEADLINE FOR MORE
Tax Season Is Open. Here’s How to Get a Faster Refund.
The 2022 tax-filing season is now officially open. If you have reason to believe you're due a large refund, then you may be eager to get your taxes in early to snag that money. To expedite a refund and avoid holdups, there are steps you can take. CLICK ON THE HEADLINE FOR MORE
Everything You Need To Know About When To File Your 2021 Tax Return With The IRS
For many, returns will be more complex because of job or residency changes, stimulus payments, child tax credits, unemployment insurance claims or other COVID-driven factors. This year, however, the IRS is getting closer to its typical due date. For what you need to know about filing your 2021 tax return, CLICK ON THE HEADLINE
Advance Child Tax Credit Payments Are Done, But You Might Still Be Owed More: Here’s How To Find Out
With no deal to extend these temporary advance tax credit payments into 2022, American parents have likely received their last monthly Child Tax Credit payment. But there still may be money to claim this tax season. For everything you need to know about reporting your advance payments and how to claim the rest of the Child Tax Credit, CLICK ON THE HEADLINE