Direct Deposit for Your Tax Refund

This video was published by the IRS The best and fastest way to get your tax refund is to have it electronically deposited into your financial account. The program is called "Direct Deposit" and it's free. You can use it to deposit your refund into one, two, or even three accounts. You can even use direct [...]

How to Keep Ahead of Inflation

A consumer's worst enemy is inflation, especially when prices rise but wages do not. In the United States, inflation has only been rising about 2% per year for awhile now, but that number can be deceiving. While 2% may be the average, the cost of some goods and services has risen quite a bit more. For [...]

Gambling Winnings and Losses

 The following article was published by the IRS. If you gamble, you need to know that gambling winnings are generally taxable and must be reported on your tax return. If you itemize your deductions on Schedule A, then you may also claim your gambling losses and other gambling-activity expenses, such as travel back and forth [...]

New Tax Withholding Estimator Makes It Easier to Do a Paycheck Checkup

The following article was published by the IRS. The Internal Revenue Service has launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year. The Tax Withholding Estimator replaces the Withholding Calculator, which offered workers a convenient online method for [...]

Have a Sunnier Tax Season with These Summertime IRS Tax Tips

The following article was published by the IRS. Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax, they should remember to file a return to get a refund for taxes [...]