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 VarshochiOften, 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 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 HillTeachers are slowly having more added to their plate and less given in return. If we want to stop teachers from burning out and leaving the classroom, we have to help. Here's how.
by Shaun MorganA 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 MorganYou'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 MorganMoney 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 TerrellAs 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 AllenUnlike 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 SolomonWith some careful planning and prudent spending habits, there is a home for almost every budget and financial circumstance.
by Pam HillFiling 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 MorganThe 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 VazquezTax 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 MorganOverseas events such as the invasion of Ukraine often reach beyond their borders, impacting global financial markets, energy prices, and mortgage rates.
by Pam HillThe 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 Vazquez