20 Ways the New Tax Law Can Affect You

Taxes

20 Ways the New Tax Law Can Affect You

20 Ways the New Tax Law Can Affect You

The potential changes that were proposed in an early version of the 2017 Tax Cuts and Jobs Act had many U.S. taxpayers concerned and confused about what the implications might be. Taxpayers feared they would lose all sorts of deductions as result of the new tax laws and that, ultimately, the changes would result in... Read More

The Dos and Don’ts of Filing Taxes

Personal Finance

The Dos and Don’ts of Filing Taxes

The Dos and Don’ts of Filing Taxes

Ah, tax season: the second-most stressful time of the year for Americans. While many of us look forward to a nice little tax return after we file, it’s still not the most enjoyable process to go through. However, it doesn’t have to be as annoying as we make it out to be. Here are some... Read More

Tax Code Impact on Paychecks in February

Personal Finance

Tax Code Impact on Paychecks in February

Tax Code Impact on Paychecks in February

Employers and payroll services across the nation are expected to begin implementing the new tax code in February. Yet there remains a great deal of confusion regarding the looming changes and how they will impact take-home pay for individuals across the country. Making matters worse, the Internal Revenue Service has issued only a minimal amount... Read More

10 Tips for Doing Your Taxes Yourself

Personal Finance

10 Tips for Doing Your Taxes Yourself

10 Tips for Doing Your Taxes Yourself

If you’re planning to file your own tax returns this year, you’re in good company. Approximately 33 percent of Americans file their own taxes each year. As you’re gathering all of your 2017 tax documents and preparing to file your taxes there are some important things to keep in mind. Following these tips will help... Read More

Identity Theft and the New Tax Bill

Personal Finance

Identity Theft and the New Tax Bill

Identity Theft and the New Tax Bill

The 2017 filing season could be the worst yet for tax-related crime. With widespread confusion about the new tax law, IRS budget cuts, and a record-breaking year for data compromises, there’s an opening for fraud that should be serious cause for alarm, but doesn’t seem to be. The bottom line: you should be concerned. Last... Read More

15 Ways to Get a Jump Start on Your Taxes

Personal Finance

15 Ways to Get a Jump Start on Your Taxes

15 Ways to Get a Jump Start on Your Taxes

[UPDATE: This article was updated January 24, 2018] Tax season is fast approaching, with everyone’s employer due to send their W-2s by the end of January. Even though we’re still in the middle of the holiday season, it’s never too early to start getting ready to file your taxes. It’s helpful to be mindful of... Read More

1099-Cs and Your Taxes: What You Should Know

Taxes

1099-Cs and Your Taxes: What You Should Know

1099-Cs and Your Taxes: What You Should Know

Not many know what a 1099-C is or why they receive it. But these forms can be a little scary because they’re tax documents—and no one wants to mess up their taxes. When you get one, it’s because you had a portion or all of a debt canceled. It’s important to understand what a 1099-C... Read More

Moving to One of These 9 States Could Save You Thousands

Managing Debt

Moving to One of These 9 States Could Save You Thousands

Moving to One of These 9 States Could Save You Thousands

Each year, taxpayers pay trillions in income taxes. In fact, the government collected approximately $3 trillion last year. If you’re like most taxpayers, you owe both federal and state taxes, which means an even bigger chunk of your paycheck goes to the government. When you’re carrying debt — whether it’s student loans or a credit... Read More

I Got an Airline Voucher for Being Bumped. Do I Owe Taxes?

Personal Finance

I Got an Airline Voucher for Being Bumped. Do I Owe Taxes?

I Got an Airline Voucher for Being Bumped. Do I Owe Taxes?

Unless you’ve been living under a rock the last month, chances are you heard about the passenger-crew-police altercation on a United Airlines flight that led to a passenger being dragged off the plane to make room for a United employee. You probably also heard about United’s ensuing policy changes that will hopefully keep such an... Read More

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