Every year, between January 1 and April 15, one must file tax returns with the federal government. To aid them with determining the amount of taxes owed for each applicant, the federal government uses income tax brackets to determine the effective tax rate.
by Matin VarshochiOwning an investment property can help you earn incremental cash, increase savings on your tax return and build generational wealth. Read on to learn the four key steps for beginners to buy an investment property.
by Pam HillOften, they go to TurboTax, which offers free tax filing services for its customers. However, Intuit, the owner of TurboTax, has been ordered to pay $141 million to its customers who used their services to file their income tax returns from 2016 to 2018.
by Sheena AllenThe Internal Revenue Service (IRS) has begun giving out tax refunds, with 22 million already receiving their money, with the average recipient receiving $3,536. Here are some ways to help expedite the process of receiving a tax refund.
by Viviana VazquezThe Internal Revenue Service (IRS) has decided to begin taxing cryptocurrency profits as many did not report having crypto assets, leading to them understating their income and the amount of taxes paid.
by Viviana VazquezWith the current tax season underway, now is the time to receive a refund from the Internal Revenue Service (IRS) for tax returns made regarding the prior year's income. Last year, the average tax refund amounted to $2,800 for individuals and families.
by Matin VarshochiAt the start of the COVID-19 pandemic, many were trapped inside their homes with nowhere to go. In addition, due to the lockdowns imposed by the government, many were unable to go into their place of work.
by Sheena AllenPreviously, nearly 56% of high school graduates had filled out their FAFSA applications prior to the pandemic. However, once the pandemic hit and all education was forced to be done remotely, the percentage saw a fall to 53%.
by Viviana VazquezOn Jan. 24, 2022, the Internal Revenue Service (IRS) began accepting and processing 2021 income tax returns. During this period, individuals can begin their individual tax returns and can hope for a chance of receiving their tax returns within 21 days.
by Matin VarshochiFiling your taxes can be a stressful time, even more, if the budget is tight! Here are ten resources to research for tax season!
by Nadia C. VanderhallThe Internal Revenue Service (IRS) announced that it would begin this year’s tax filing season on Monday, January 24, 2022.
by Nailah Herbert