This article was published by the IRS. Before a natural disaster strikes, taxpayers are encouraged to prepare, if possible. This includes developing evacuation plans, putting together kits of essential supplies and putting financial safety measures in place. To help protect their financial safety in a disaster situation, taxpayers should: Update emergency plans. A disaster can strike [...]
Raising children brings with it many exciting milestones. Paying for college isn't one of them. If you are worried about paying for your children's college, here is a guide to help you get started: Step 1: Consider opening a college savings account. There are currently two main types, a Coverdell Education Savings Account and a 529. [...]
The following article was published by the IRS. Are you recently married, or planning to get married before the end of this year? Marriage is a life event that will also affect your federal taxes. Here's how: Getting married means selecting a different status when filing your taxes. Why? Because if you're married as of December [...]
This article was published by the IRS. The Internal Revenue Service continues to look for ways to help people who were unable to provide their information in time to receive Economic Impact Payments for their children. As part of that effort, the Internal Revenue Service is reopening the registration period for federal beneficiaries who didn't receive [...]
Purchasing a home is likely the largest purchase you will ever make. Even though the vast majority of buyers will finance a significant portion of their home, saving up for a down payment is still extremely important. Here are some ways to free up some money to save for this purpose: Set a budget. If you [...]
