Money Today That Matters Tomorrow
Tax return processing and refund payments for the 2024-2025 tax season are expected to be much smoother thanks to IRS investments in technology and no new stimulus payments or tax credits to administer. However further security controls and PATH act restrictions (see below) could delay potential refund payments for some …
A lot of families cannot afford to pay for professional help to get advice on taxes and/or to prepare their tax returns. While simple returns for low income earners can be filed for free with most large online e-File tax providers, those who have complicated financial situations or have moved states …
There is a lot of focus around this time of the year on folk’s federal IRS tax return and refund status, but just as many people need to worry about one or more state income tax returns. In fact for the current tax season, while IRS processing delays are well …
I have received variations on this question over the last few years and when I saw this article in the WSJ I had the answer to my question. The national average fee for 2014 returns will be $273, according to a survey by the National Society of Accountants. This fee is …
** See this article for the latest Earned Income Tax Credit adjustments released by the IRS ____________________________ [Updated following SOTU speech] Following President Obama’s state of the union speech and in addition to the items below, he had some good news on expanding the Earned Income Tax Credit (EITC) for …
This is summarized from a real life scenario. What would you do in this scenario? Vote on the poll and/or add your comment below. Alan ordered a $600 jacket online from a well known retailer’s website where he had shopped a number of times before. This was a jacket he …
Listed in the table below are the latest maximum weekly unemployment insurance benefit/compensation amounts by state. The Unemployment compensation (UC) program is designed to provide benefits to most individuals out of work or in between jobs, through no fault of their own. Note, the table contains the the maximum regular weekly …
Answer: About 17 percent according to a report by the Tax Foundation. This figure is based on the average U.S. wireless bill and includes the amount for federal, state and local taxes and fees. Larger metros not surprisingly have higher than average wireless taxes on their residents. In New York City …
[Updated with latest details per the IRS] The savers credit helps middle to lower income earners save for retirement by providing a tax credit offset to retirement plan (401k and IRA) contributions. But a lot of people don’t know about or take advantage of this little known credit, officially referred to by …
Tis’ the holiday season and that means sales everywhere you look. This includes sales and discounts in the ultra-competitive auto insurance industry, where with only a few minutes of online clicking and typing you could literally save hundreds on your next auto insurance policy. During the holiday season auto insurance companies really …
Millions of Americans contribute to an employer sponsored 401K or traditional IRA (Individual Retirement Account). And over the last few years the government has steadily been increasing the maximum contribution people can make to ensure that folks can build a larger nest egg during retirement. But thanks for the low inflation environment …
With my son approaching another birthday, I’ve started thinking more seriously about his schooling from elementary to college/university. My parents paid for a significant part of my education and I would like to do the same for my son. Given the rising cost of tertiary education, I figured the earlier I save …
Given the low inflation environment over the last year, the 2015 IRS Tax Brackets, standard deductions and personal exemptions have only seen a moderate increase over 2014 levels. Federal income tax brackets and related tax items, under the tax code, provide for mandatory annual adjustments based on inflation. This is to prevent …
Unless you are a senior executive of a Fortune 500 company you probably won’t be seeing a double digit raise this year. According to the seventh annual Compensation Planning Survey by Buck Consultants, workers who were among the highest-rated at their firm got average raises of 4.3%, an increase of …