Money Today That Matters Tomorrow
With the pandemic entering it’s third year and ongoing staffing shortages, the IRS has confirmed what many have known – tax return processing and refund payments will likely take longer than expected this year. A trend that was clear last year, IRS refund processing and payments may get even worse …
Be it the need to get your refund payment early for an impending obligation or to get ahead of long delays in IRS refund payments, many tax filers are opting to get paid early via a refund loan. Nowadays most large tax software providers offer an advance refund payment/loan option …
The IRS recently published statistics on the 2021 tax season which revealed some interesting factoids, such as: If you got a refund this year, chances are that it was higher than the one you received in 2020. The average tax refund amount paid by the IRS through the end of …
With the latest tax season upon us it is worth reviewing some of the key tax changes for New Jersey residents and tax filers. As a relatively high taxing state with higher than average incomes it is no surprise that taxes are a hot button topic in New Jersey. The …
With the latest tax season upon us it is worth reviewing some of the key tax changes for Californian residents and tax filers. As the most populous state in the union with high average incomes it is no surprise that Californian residents pay more taxes than those of any other …
A few weeks ago several members of my extended family posted on our family chat group that they were exhibiting COVID like symptoms. Given we just had met many of these family members at Thanksgiving I was alarmed when I read the message and like many in that group rushed …
Due to the significant backlog in processing of 2020 tax returns, filed in 2021, many are wondering if they can go ahead and file their 2021 return in the coming weeks or if they need to wait. As the IRS announced, the 2021-22 tax season will start from January 24th, …
Millions of families and households got use to getting a monthly dependent payment from the IRS in 2021. This payment, known as the child tax credit, was generally claimed via tax return filings in prior years. Instead, as part of Biden’s ARPA stimulus bill to provide pandemic relief for households …
When you are unable to pay debts or have debt that has gone to a collection agency it can be very stressful. The burden of a difficult financial situation is already anxiety-inducing without having to also worry about other issues. This can include questions about the legitimacy of the debt …
Filing taxes can be a complex and stressful procedure for anyone and can be even more challenging if your finances are complicated or accounting is not your strong suit. Some people have said they would rather have a root canal then deal with a complicated tax return! This process is additionally …
On November 15th, 2021, President Biden signed a $1 trillion infrastructure bill into law. Officially named the Infrastructure Investment and Jobs Act, this bill contains a wide variety of measures intended to stimulate the economy, make improvements to the infrastructure system (think transportation systems, telecommunications networks, utilities, etc.), and provide …
The president’s infrastructure bill has now been signed into law. While the focus is on hard infrastructure, there are various provisions added into the bill that has taxation impacts on cryptocurrency investors in the United States. These provisions were included to cover some of the costs of all the infrastructure …
As many home owners have discovered, Homeowner’s insurance premiums are becoming more and more expensive. This article covers some of the causes for its increase and which factors play the largest role in determining the price of premiums. Most importantly, we will also cover ways you can offset the cost …
The IRS has released the latest 401(k), IRA and Roth limits for 2022, including income qualification and phase-out thresholds. See the tables below for limits and changes over the last few years. Main changes include: 401(k), 403(b), TSP and most 457 plans pre-tax contribution limits have increased to $20,500, up …