taxes

April 18 came and your taxes were not ready. So you filed a tax extension. Well, you should file an extension, if you haven’t already. Form 4868 is one of the easiest tax forms to fill out and it will give you an extra six months to get your taxes together. Everyone is eligible for

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When it comes to splitting a bill or paying a friend back for that bar tab, 2 names stand out. In the realm of peer-to-peer payment apps, there’s Venmo and Cash App. As someone who uses both apps, I’ll give you my honest opinion on which one takes the cake. The Look and Feel First

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Tens of millions of Americans collected unemployment last year, many for the first time. You may be doing taxes after collecting unemployment insurance for the first time, and it is important to note that the process is different in a few key ways from traditional employment. When you start a new job, your employer will

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Trying to save money can be overwhelming. It’s difficult to navigate which expenses of your daily routine can be eliminated for financial gain and which are necessities. Many people believe that in order to accumulate savings, sacrifices must be made. And while simple sacrifices such as minimizing your takeout purchases and online shopping habits may

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Tax deductions can be tricky to understand if you’re new to the finance world. One of the biggest sources of confusion is knowing what you can and can’t deduct from your taxes. Deductions can be a massive financial boon for a lot of people, yet not everyone files for them correctly. This causes people to

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The Tax Cuts and Jobs Act of 2017 (TCJA) is the hallmark legislation of the Trump administration, and no American taxpayer was unaffected. But was this legislation a Trojan horse that could lead to you paying higher taxes starting in 2021? The Joint Committee on Taxation released a chart indicating that federal taxes for those

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During open enrollment or when you start a new job, you may find that your company offers the chance to enroll in a Flexible Spending Account (FSA – registered trademark). It might seem annoying to have money deducted from your paycheck at first, but it can actually save you money on health care expenses in

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The Tax Cuts and Jobs Act of 2017 raised the standard deduction for US taxpayers and capped the state and local tax deduction at $10,000. This greatly reduced the number of taxpayers who itemize on their tax return and caused a major reduction in charitable giving. Taxpayers who itemize can reduce their income by the

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With the election of Joe Biden to the Presidency, you’re probably here seeking to understand how much your taxes are going to go up. The answer: most people will see no tax increases. The tax plan that Joe Biden has rolled out is targeted at individuals making more than $400,000 a year, less than 1%

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Tax debt can become a major source of stress. Wouldn’t it be great to just make one payment and have all your tax debt disappear? With an offer in compromise (OIC), that’s possible. Whether you have major debt, are just getting started in your career, or are in another situation that has made it difficult

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