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Taxes

  • Rear view of dad with girl on roof with solar panels, hugging

    You've Been Warned: These Child Tax Credit Mistakes That Could Stop Your Refund

    If you fail to follow the correct procedure when claiming the Child Tax Credit, your tax return could be rejected or worse, it could trigger an audit.

    By Desmond Efe-khaese Read More
  • Woman walking in snowstorm with umbrella

    The New York Law That Could Start Costing Residents A Ton Of Money

    When New York State implemented a law that an important produce must be produced within the United States, the burden of paying for it went to taxpayers.

    By Carolyn Osorio Read More
  • A well dressed man seated in a private club holding a glass of whiskey and smiling.

    The Tax Mistake That Could Get You Booted From The 'Upper Class'

    Many wealthy individuals find themselves falling victim to poor tax planning, which can significantly reduce their net worth over time.

    By Byron Armstrong Read More
  • $100 bill Washington face and U.S. flag

    States That Exempt Social Security Income: A Complete List

    When considering a place to call home during retirement, these states offer the budgeting advantage of not taxing your Social Security.

    By Daniel Feininger Read More
  • Mature woman reading receipts in front of laptop.

    The Tax Refund That Can Make Some People $8,000 Richer

    The IRS estimates that one in five eligible taxpayers don't apply this important tax credit to their filing every year, resulting in the loss of thousands.

    By Desmond Efe-khaese Read More
  • A person holding income tax sign while wearing Statue of Liberty costume

    Choosing The Wrong Tax Filing Status Could Cost You Money

    Filing your taxes can be stressful enough as it is, but mixing up your filing status can lead to an even bigger headache not to mention a delay in your return.

    By Daniel Feininger Read More
  • A little girl holding a teddy bear standing inside the remains of a burned home

    The Assistance Payment You Don't Have To Pay Taxes On

    If you are a recipient of this relief from the federal government, there is a good chance you won't have to pay taxes on that money.

    By Byron Armstrong Read More
  • Doubtful senior woman retiree sit on sofa hold business finance document

    The Easy Mistake That Can Get Your Social Security Suspended

    The primary way to ensure the smoothest Social Security experience is to keep your information current at all times, especially after big changes.

    By Desmond Efe-khaese Read More
  • A woman looking triumphant in front of laptop computer.

    If Your Household Tax Refund Is Above This Number, You Beat The National Average

    While you might be excited about the idea of getting a big tax refund this year, it's important to realize that a refund isn't necessarily a good thing.

    By Richard Sachek Read More
  • Calculator with the word FEES on the calculator placed on the dollar,

    You've Been Warned: Hidden Fees Tax Services Don't Want You To Know About.

    Tax preparation services can add stress to your tax filing process. This is especially true when it comes to the many hidden fees these services might include.

    By Desmond Efe-khaese Read More
  • 1040 form with audit stamp

    The Unexpected Behavior That Increases Your Audit Risk More Than A Tax Extension

    While there are a lot of different myths and ideas about what can lead to an IRS audit, one simple decision can actually be the best way to avoid the risk.

    By Daniel Feininger Read More
  • Senior couple having coffee and embracing on back porch of vacation home

    4 Big Social Security Changes Retirees Should Expect In April 2025

    The Social Security Administration will enact a series of changes in April 2025 to make the process of receiving payments more streamlined and modern.

    By Desmond Efe-khaese Read More
  • Exterior building sign for the Internal Revenue Service

    Do This To Reduce Your Chances Of Getting Audited By The IRS

    While taxes are not exactly fun, they pale in comparison to how stress-inducing an IRS audit can be. With that in mind, here are some ways to avoid trouble.

    By Daniel Feininger Read More
  • Portrait of businesswoman in modern conference room

    How Much Social Security Will You Get If You Make $75,000 A Year?

    Only some 12% of American workers make more than $75,000 per year, making this a good level at which to analyze Social Security benefits.

    By Desmond Efe-khaese Read More
  • A mature woman looking over paperwork while seated at table

    IRS Warns Retirees: The Tax Rule Social Security Recipients Can't Afford To Ignore

    While filing taxes is never fun, it's important that retirees remember this specific rule when filing or they could face an even worse experience with the IRS.

    By Desmond Efe-khaese Read More
  • A stack of social security card, checks, and cash

    Your Social Security Benefits Will Stop Starting In April If You Don't Meet This Requirement

    Recipients of Social Security benefits need to verify their identity in a short period of time or their account could be labeled fraudulent.

    By Richard Sachek Read More
  • Cropped image of Businessman calculating and checking tax 2018 year

    The Underrated Savings Account You Should Open To Save Money On Income Taxes

    Opening this account through your employer is an excellent way to have money set aside for medical expenses while also avoiding income tax.

    By Desmond Efe-khaese Read More
  • A young woman checking her cellphone in an airport seating area

    The Sneaky Tax Deductions You Might Be Eligible For If You Took A Vacation

    As the tax filing deadline approaches, you might be looking for ways to reduce your tax burden. For those who travel for work, your trips might hold the key.

    By Byron Armstrong Read More
  • Word tax 2025 on the calculator on documents.

    The Tax Deduction You Should Know About If You Live In These 7 States (Including Florida)

    If you live in a state without income tax, you can take advantage of the sales tax deduction if you opt for itemized deductions this year.

    By Desmond Efe-khaese Read More
  • homeowners wearing boxes on their heads while unpacking

    Tax Breaks You Should Know About If You Own A Home

    Owning a home likely qualifies you for a number of significant tax breaks, and even more if you happen to also work out of that home.

    By Daniel Feininger Read More
  • White Mountains National Recreation Area, Interior, Alaska.

    A State Known For It's Cold Weather Won't Tax Your Social Security Income

    This northern state doesn't tax Social Security income or other forms in income, making it a more budget-friendly place to retire.

    By Desmond Efe-khaese Read More
  • people standing on stacks of coins

    The Pay Stub You Should Never Throw Out For Financial Security

    Hanging on to this document can provide information on total earnings, retirement contributions, and proof of income when you need it.

    By Daniel Feininger Read More
  • Elon Musk at a press conference in the Oval Office

    Elon Musk Admits Troubling Details We All Suspected About Social Security

    Elon Musk has stated that hundreds of billions of dollars worth of fraud were discovered in an audit of Social Security payments, but this is false.

    By Drew Martz Read More
  • A man sitting on his couch working from home

    The Tax Deduction You Might Be Able To Claim If You Work From Home

    If you are a remote worker, there are several tax deductions you can likely take advantage of, especially if you are self-employed.

    By Drew Martz Read More
  • A teenage girl scratching her ginger tabby cat's face

    The Tax Deduction You Might Be Eligible For If You Own A Pet

    If you have a pet that serves a profitable role in your business or is a service animal, you may be able to deduct certain expenses.

    By Desmond Efe-khaese Read More
  • IRS building in Washington D.C.

    The IRS Can Flag Your Taxes For Audit If You Don't Submit These Forms

    If you fail to include important income documentation forms with your tax return, the likelihood of an audit from the IRS greatly increases.

    By Drew Martz Read More
  • Trump pointing ahead from an official POTUS podium.

    Why Trump's Plan To Eliminate Income Tax Is Doomed To Fail

    While there has been a lot of discussion surrounding Trump's proposal to eliminate income taxes, the math doesn't quite add up on this particular policy.

    By Drew Martz Read More
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