Results for "tax"104 results found.
How Tax Brackets Work and How They Affect Retained Income

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 Varshochi
Tipping Has Changed Amid Pandemic

A monetary tip is an incentive for workers within the service industry, such as a restaurant or hotel, who provide good service. When employees provide exceptional service at a sit-down restaurant, they receive a higher compensation after giving the total bill to the customer.

by Matin Varshochi
History of the Social Security Act

The Social Security Act, passed passed 86 years ago, is a key component of retirement income for nearly all individuals. Social security insurance also provides a safety net should a worker become disabled or a family lose their breadwinner.

by Pam Hill
Federal Reserve Announced Interest Rate Hike

On Wednesday, May 4, 2022, the Federal Reserve Bank announced they will be raising interest rates by a half-point. The rising rates have been at their highest point in more than 20 years, and the increased rates have caused the stock market to go into a frenzy, with the S&P 500 dropping by 3.5% the following day.

by Matin Varshochi
TurboTax Faces Lawsuit for False Advertising

Often, 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 Allen
Why You Need a Trust to Pass on Generational Wealth

A trust has many benefits over using a will when passing on generational wealth. If you’re building generational wealth, you need to talk to an estate attorney about how it can benefit you and your heirs.

by Shaun Morgan
5 Ways To Celebrate Financial Literacy Month

Money shouldn't be a taboo topic of discussion. April is financial literacy month and it is all about spreading awareness about the importance of financial literacy.

by Sha'Kreshia Terrell
4 Ways to Build Generational Wealth

You'll often hear people throw around the term generational wealth in the financial space. More recently, it has become a trendy word amongst everyday people, in part credited to a time when the topic of investing and wealth has taken center stage.

by Shaun Morgan
Seven Options to Save You Money on Taxes in 2022

Unlike tax evasion, there are a few legal ways to reduce your taxable income to keep as much of your hard-earned money as possible. Some of these tips may be a little late for the 2021 tax season, but they will be useful for the upcoming 2022 tax season.

by Lyle Solomon
Cost of Filling Gas vs Electric Car

As electric vehicles have been proven to possess many benefits, such as a lower average cost, it is essential to analyze the costs associated with both types of cars, to determine which one is ultimately better.

by Sheena Allen
Tips for Buying an Investment Property on a Budget

One of the great thrills and challenges for any new home buyer or real estate investor is finding a house that fits your budget. But even in today's hot market, some inside tips and strategies that can put you ahead of the crowd.

by Pam Hill
Tax Professionals Can Save You Time and Money on Your Taxes

Filing your taxes is stressful, but it is more stressful when you're not prepared. Tax planning can take the stress out of filing your taxes and save you thousands.

by Shaun Morgan
Should I Buy a Home?

With some careful planning and prudent spending habits, there is a home for almost every budget and financial circumstance.

by Pam Hill
When Will I Get My Tax Refund? 22 Million Already Have

The 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 Vazquez
Most Common Tax Forms

Tax season can bee a dizzying experience just trying to keep all the tax forms straight. Luckily, tax forms aren't as confusing as you'd think, once you get the basics down. Here are what your basic tax forms mean.

by Shaun Morgan
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