Money Today That Matters Tomorrow
For millions of Americans, credit scores play a crucial role in their financial lives, impacting everything from loan approvals to rental agreements. Accessing your credit report, the document compiling your financial history, is a crucial tool for understanding your score and ensuring its accuracy. In 2024, however, accessing this information …
For many seniors, the rising cost of living feels like a runaway roller coaster, leaving their budgets hanging on by a thread. While the idea of additional stimulus payments in 2024 offers a glimmer of hope, the question remains: will seniors be waltzing towards another financial windfall, or is this …
It’s that time of year again: the air tinges with a crisp winter chill, and thoughts turn from new year resolutions and holiday cheer to…taxes. While filing returns isn’t exactly a thrill ride, the potential for a hefty refund can offer a sweet payoff. But for many, the wait for …
Filing your taxes isn’t exactly the highlight of anyone’s year, but the potential for a sizable refund can sweeten the deal. Yet, predicting the average tax refund for is like gazing into a financial crystal ball – filled with uncertainties and shifting factors. Here’s what we know so far, along …
When it comes to taxes the main income number that matters is your Adjusted Gross Income (AGI). For the IRS your AGI and Modified AGI are the two key income numbers they care most about – more important than your taxable or gross income! As the name suggests, adjusted gross …
The IRS has introduced a new online tool for various types of corporations to manage their taxes in 2024. This includes partnerships and S corporation businesses, which are now eligible for an online IRS business tax account. These online accounts allow certain types of business entities to download transcripts and …
Here is a recent scenario I was discussing with a young couple who are first-time homebuyers considering a $360,000 house. They are currently renting a smaller apartment for $1,400 p/month. Key stats and pertinent points: Income: $140,000 combined, $7,800 per month after taxes Pre-approved mortgage: $400,000 House price: $360,000 Down …
The table below shows key dates and events for filing tax returns and paying taxes with the IRS. You can jump to FAQs and past tax year schedules in the sections below. 2026 Tax Filing Schedule for Returns & Extensions The IRS has will likely start processing 2025 tax filings …
There are several IRS (IRS) tax thresholds that will be changing in 2024. These changes are made to adjust for inflation (where mandated) and to ensure that taxpayers are paying the correct amount of taxes. The following are some of the likely changes that will take place in 2024 to …
Like many tax payers I continue to check the status of my IRS refund payment and face the rather unhelpful status message below that my return is still being processed! After several weeks of checking daily this message gets old, fast. I wrote about the earlier delays with getting my …
Despite the IRS saying they had a much smoother and more efficient tax season (see stats below), like millions of others I am still waiting for my tax return to be processed and see my refund banked. Initially my refund was delayed beyond the standard 21 day processing timeline due …
The shift to remote work has been one of the most significant changes in the workforce accelerated by the COVID-19 pandemic. While remote work offers many benefits, including increased flexibility and improved work-life balance, it also poses several potential tax issues that employees (and employers) need to consider. In this …
Ever had a bad car rental experience where you felt ripped off? Then read on, my friend. Here is a recent example where I felt deceived after an Avis car rental experience. While the unexpected amount on my bill was not that much, the way I found out about the …
As we get into the peak of tax season, many tax payers who filed in the last few weeks are see the following message around their 2023 return not being processed as they check the status of their refund processing. So what does this mean for tax return processing and …