How to handle a notice from the IRS
As soon as you see a letter in the mail from the IRS you probably already start anticipating bad news. You may even put off opening it for a while because you’re scared of what they have to say. Relax, getting the issue resolved may be easier than you think. Plus,...
How long do you have to keep tax records?
Now that the tax season is over, you may be wondering what to do with your tax records. Do you shred them or keep them? The best advice is to hold on to your tax return and supporting documents. How long you’ll need to store them depends on a few different factors....
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...
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...
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...
Refunds for $10,200 unemployment tax break start in May
Normally when you receive unemployment compensation the full amount is considered taxable income, but the rules are different this year. The American Rescue Plan included a new unemployment exclusion to give recipients a much-needed break on their 2020 tax return. The...
Tips for traveling safely during Covid-19
After being stuck at home for the last year, you’re probably anxious to take a vacation. However, the CDC recommends holding off until you’re fully vaccinated. This is defined as 2 weeks after you've taken the final dose. Even if you are vaccinated, you still need...
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