Raising a family comes with a multitude of costs, costs which require an adequate and stable income. As your income goes up, so too do your taxes. But taking advantage of some tax deductions can help. Here are a few scenarios to consider: Child Tax Credit - If you are a parent or legal guardian of [...]
Dave Ramsey is an often polarizing figure in financial circles. He has a massive following of supporters, but there are also those who view his advice as wrong or too simplistic. Regardless of your opinion, he offers three key things to model if you would like to retire early. Here they are: Find out what you [...]
This video was published by the IRS. If you changed your name after a recent marriage, divorce, or for some other reason, you need to notify the Social Security Administration of that change before you file your tax return. Otherwise, IRS computers can't match your new name with your Social Security number. Names that don't match [...]
This video was published by the IRS. If you give money or property to someone as a gift, you (the giver) may need to file a federal gift tax return. But that's only if your gift was greater than a certain dollar amount called the Annual Exclusion Amount. The IRS Form 709 instructions list the Annual [...]
This video was published by the IRS. Most eligible individuals receive their Economic Impact Payment automatically. However, some eligible Americans with incomes that do not require them to file a tax return, including some Americans experiencing homelessness, will need to submit information to the IRS by November 21st to receive their payment. The IRS has a [...]
