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5 smart ways to use your child tax credit payments

Millions of parents will be receiving advance monthly payments of the child tax credit through the end of the year.  Eligible families will receive $300 per child aged 5 or younger and $250 per...

5 tips for lending money to family and friends

Lending money to a friend or family member is risky business.  Although you don’t want to see them suffer, there’s always a possibility that you may not get your money back.  As a result,...

Tax tips for students with a summer job

Getting your first summer job is a rite of passage for many teenagers.  It’s your chance to build your resume, get a taste of independence and most importantly, make your own money.  But...

Factors that affect car insurance rates

The average cost of car insurance is $1,592 per year, according to NerdWallet.  But there are several things that can affect the rate you pay.  Every insurance company has their own...

Two tax credits every college student should know about

Between tuition, books, housing, and transportation, going to college is expensive.  The good news is your education expenses can make you eligible for a money-saving tax credit when you file...
3 reasons to opt out of the child tax credit payments

3 reasons to opt out of the child tax credit payments

The IRS will be issuing advance payments of the child tax credit through December.  Eligible families will receive $300 per child aged 5 and under or $250 per child aged 6-17.  While some taxpayers are welcoming the payments with open arms, others rather wait until spring...

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Still waiting on your tax refund?

Still waiting on your tax refund?

Still haven’t received your tax refund?  Unfortunately, you’re not alone.  According to the National Taxpayer Advocate Service the IRS had a backlog of 35 million unprocessed returns as of last month.   As a result, it’s taking a lot longer than the usual 21 days...

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Increase your tax refund with one simple move

Increase your tax refund with one simple move

More than 104 million people received a tax refund this year, but not everyone was so lucky.  If you owed money or your refund was smaller than anticipated, there’s an easy way to avoid the same fate next year.  All you have to do is submit an updated Form W-4, Employee's...

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Summer tax tips you need to know

Summer tax tips you need to know

It’s summer, summer, summertime, which means you probably care more about hitting the beach than doing anything tax related.  But a little planning now can help you save money when you file next year.  Here's what you need to know. Newly married couples must report name...

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IRS announces ‘Dirty Dozen’ tax scams for 2021

IRS announces ‘Dirty Dozen’ tax scams for 2021

Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service today began its “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for these 12 nefarious schemes and...

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How the American Rescue Plan will affect your 2021 taxes

How the American Rescue Plan will affect your 2021 taxes

The American Rescue Plan was created to provide relief to millions of Americans.  It provided stimulus payments, lower health insurance premiums and several tax law changes which will impact your return when you file next year.  Here are some of the big changes heading...

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