What to do if you’re filing your taxes late
The deadline for filing your federal return was April 18th. You may face penalties and interest if you file late and owe the IRS. Although falling behind on your taxes can be stressful, it’s not the end of the world. If you missed the deadline this year, here’s...
What are the penalties and interest for filing taxes late?
The tax deadline has come and gone, but there are still people who haven’t filed or paid their taxes. Taxpayers who earned less than $12,550 in 2021 aren’t required to file and won’t be penalized. However, they may miss their chance to receive a tax refund. On the...
How to avoid owing the IRS next year
Most taxpayers get a refund when they file their annual tax return, but that’s not true for everyone. Some taxpayers have a balance due to the IRS at tax time because they don’t have enough withheld from their paychecks, earned more than usual, or their tax situation...
Common bank fees you shouldn’t be paying
Paying an occasional overdraft or out-of-network fee may not seem like a big deal, but it can cost you a small fortune over time. The good news is that with some strategic planning most bank fees can be avoided. Here are some common bank fees you shouldn’t be paying....
7 Hidden costs that ruin your travel budget
After being stuck at home the last couple summers due to the pandemic, many people are excited to finally start traveling again. If you’re planning a trip in the coming months, you probably know to budget for hotel, airfare, activities, and food; but there are some other...
Pay for childcare? You can get up to $8,000 back on your tax return
For many working families, the cost of childcare is a huge financial burden. According to Child Care Aware of America, the average cost of center-based daycare is $11,653 for infants, $9,809 for toddlers and $9,043 for four-year-olds. If you’re paying someone to care for your...
What does “Your return is being processed” mean?
You’ve done your taxes and now you can relax while you wait for your refund. Usually after 24 hours, you can start tracking your money using the “Where’s My Refund?” tool on IRS.gov. You’ll need your social security number or ITIN, filing status and exact refund amount...
6 smart money moves to make before you travel
Before leaving for vacation, most people have a mental checklist of things they need to do. It usually includes stuff like packing, picking up a few last-minute items and getting your hair and nails done so you look good in your Instagram photos. But don’t forget your...
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