Opting for a direct deposit tax refund seems to be the easiest and quickest way to get back your tax refund. However, like anything else, this is not fool-proof.   According to IRS, putting in a wrong bank account number, not signing your forms, misspelling names and giving wrong Social Security Numbers are the most [...]

  When it comes to taxes and IRS, burying your head in the sand and claiming ignorance is never going to work.   Everyone has tax questions and sometimes they may seem too simple to ask. But, it never hurts to seek an answer for your common tax questions. Here are a few basic tax [...]

  With a huge pile of paperwork to sift through during the tax season, keep an eye out for your year-end credit card statement.   This statement is not only going to help you keep a handle on all your spending in the near future, but it is also going to help you reduce your [...]

  Filing a tax return is never easy, even for a seasoned taxpayer. For those filing taxes for the first time, it can be a daunting task.   A word of advice: Don’t panic. As overwhelming as taxes may seem, you can breeze through the tax season by following these simple tips for a first [...]

The tax season is almost reaching its deadline, but it is not stopping the scammers from coming up with new ways to file fraudulent tax returns.   Cyber criminals are now stealing medical records to file fraudulent tax returns, in addition to health-care fraud.   How Does It Work? Hackers, after hacking the medical records, [...]

  Filing your taxes is never going to be fun. But with the tax season here, you have to do it. Here are a few tips for filing taxes to motivate yourself through the tax season, without a bump!   Finding out How Much You Made Last Year While doing your taxes, you go through [...]

Tax season can be very frustrating and you wouldn’t want anything less than to just rush through it. But before you hasten to get over it, take a second to consider security.   The key to protecting yourself from any type of fraud is to be aware and engaged.   There are ways you can [...]

If you have saved your whole life to build your retirement nest egg, the last thing you need is to hand over that hard-earned money in taxes.   Withdrawing too much of your retirement funds in a single year, living in a ‘high-tax’ area or not using all the available tax-advantaged investment options can lead [...]

  Tax season is here and by now, you should be ready to file. However, if you haven’t been very organized throughout the last year, there are chances that you will panic.   A little advice: Don’t panic. Take a deep breath and do everything in a calm and organized manner to avoid these common [...]

  A whopping 95% of married couples file jointly and for good reason. It is convenient and cheaper than filing separately. However, there are a few exceptions, where filing separately makes sense.   Having an Income-based Student Loan Income-based student loan payments are the key to AGI or adjusted gross income. In effect, your filing [...]