We cannot let a year go by without changes to the income tax regulations. The new Inflation Reduction Act of 2022 brings a number of tax law changes. The following are some of the more significant items: For those who receive Advance Premium Tax Credits for their Health Insurance Exchange (Obamacare) premiums, the Inflation Reduction …
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As the coronavirus pandemic continues to upend daily life for millions of Americans, the IRS has issued additional guidance for taxpayers. From extended deadlines to stimulus checks, these are the changes we can expect: Extended deadlines The filing and payment deadline has been extended from April 15, 2020 to July 15, 2020. This extension …
Do you need a tax preparer? If you’re used to doing your taxes on your own or with a DIY software service, it can be hard to tell. Here are a few reasons you might want to enlist the help of a tax professional. 1. You have a complex return Whether you’re retired, own rental …
The best retirement plans let you hope for the best and prepare for the worst. From stock market free-falls to soaring inflation, there are five major retirement risks that your retirement plan must be ready to handle. In this article, we explore each risk, as well as strategies you can use to keep your nest …
The average federal tax refund for 2019 is $2,725—enough to buy two 70-inch flat screen TVs and a steak dinner. But while it might be tempting to rush off to the nearest Best Buy and indulge in a luxury purchase, GoBankingRates reports that most Americans plan to use their refunds to pay down debt, invest, …
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