Building Your Savings With Your Tax Refund

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As tax season gets underway, many Americans begin dreaming about what they’ll do with their expected tax return money. Some plan lavish vacations, while others begin home renovations or open savings account. This year, the IRS has made it easier than ever to begin building your savings with your tax refund using their Savings Bond [...]

Earned Income Tax Credit Puts Dollars in the Pockets of Working Families

Tough economic times mean that working families need to make the best use of every dollar. That’s why the earned income tax credit (EITC) is good news for low- to mid-income households. By taking advantage of the tax credit, individuals whose earnings fall under a specified threshold will receive up to $6,516 based on qualifying [...]

Save Money by Filing 1040 Online

File 1040

From filling out your 1040 online to preparation tips, a recent article from PRWeb gives a great overview of ways to save money this tax season. In their concise article “Seven Ways to Save Time and Money When Filing Taxes This Season” Mary Jung and Leslie Bonacum explain some simple ways. They start by explaining [...]

Will Your Refund Be Delayed?

Tax Refund Check

We love the speed and ease of e-filing. When we e-file federal taxes, we enjoy getting our refunds faster and easier than ever before. Unfortunately, Congress’ schedule usually isn’t as convenient for our timetables or our pocketbooks. In his December 23rd article, “Congress’ Delay Will Delay Tax Refunds, Too,” Kiplinger’s editorial director Kevin McCormally takes [...]

Getting the Most out of Giving To Charity

Tax Deductions: Giving to Charity

This is the time of year when we think about giving to charity. On cue it seems the colorful lights and Christmas cheer is accompanied by bell ringers, phone calls, benefits, and letters asking for our donations.

Tax Withholding Tables Updated for 2011

A recent IRS press release concerning the 2011 income tax withholding tables could save you quite a bit of money this next year. As you look at your paystub – and what you are allowed to take home verses what you are allowed to keep, there are many factors – federal taxes, possibly state taxes, [...]

Filing Your First Tax Return as Newlyweds

Getting Married

Finally, the day is over. You’ve walked the aisle, tied the knot and are headed into a life together. Now, as tax season is dawning, how will this affect things when you file tax return this year? Should you file a 1040EZ or a 1040? Should you file separately or jointly? Just when the wedding [...]

Does the IRS Owe You Money?

File Tax Return

Could you be owed several hundred dollars in unclaimed tax refunds? Could it be in your bank account with just a quick phone call? Though it’s hard to imagine, thousands and thousands of people are owed unclaimed tax refunds by the IRS. In fact, $164.6 million worth of unclaimed tax refunds is owed across the [...]

Can Your Refund Be Less Than You Expect?

Tax Refund

After you file taxes online, know the top tips concerning your refund. Examiner’s Jay Petrillo’s September 21st 2010 article “10 Federal Tax Refund Tips You Need to Know” explores the waiting time that comes after you file taxes.

Will Taxes in NYC Rise?

As you are preparing to file New York state taxes online, there are many things that play into any tax increases. Most states are struggling to make budget, and New York is not an exception. Recently, Mayor Bloomberg needed to propose some heavily debated cuts. However, will cutting thousands of New York jobs help? That’s [...]