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 [...]
This video was published by the IRS. The Individual Taxpayer Identification Number program, or ITIN for short, is for people who have a filing or reporting requirement but who are not eligible for a Social Security number. The law now requires ITINs issued before 2013 to expire. If your ITIN is expiring or has already expired, [...]
Having your own space is an important part of adulthood. But how you secure that space depends on a lot of factors. In some situations it makes sense to purchase and own a home; in others, renting makes more sense. Here are some pros and cons to each scenario: When you are a renter, there's only [...]
