For many people, a tax refund is the largest windfall of money they can expect in a year. Sure, it’s tempting to blow it all on a great vacation or major wardrobe upgrade, but getting a tax refund is a unique chance to improve your overall financial health. It’s not necessarily easy, though, to know […]
The 2023 tax season began in January and covers income earned in 2022. This season, there are some changes in store, including changes to the amount that people can contribute to tax-advantaged retirement accounts, tax brackets, and tax rates. When are 2022 Taxes Due? Typically, federal taxes must be filed by April 15th. The 15th […]
The last couple of years have been unusual in so many ways, and that has extended into how we do our taxes. As tax season kicked off at the end of January 2022, there were still millions of people waiting for the IRS to process their 2020 tax returns. Stimulus payments, unemployment, and the Child […]
The first step to handling your finances well is deciding to learn how to do it. Luckily, there are tons of free information sources to help you become more financially literate, from websites to videos to podcasts. Listening to personal finance podcasts is a great way to increase your financial literacy, and you can do […]
Getting a new job can be exciting! It’s a chance to further your career, make new contacts, and improve your financial life. New jobs also come along with a lot of economic considerations that are easy to overlook in the excitement of starting with a new employer. After all, you have to ramp up in […]
One of the more daunting tasks of adulthood is dealing with taxes. After all, we pay a lot of taxes. There’s sales tax collected on most of our purchases, people in some states have to pay taxes on their personal property (like cars), and everyone who owns any real estate must pay property taxes. Yet […]
The end of the year means the onset of winter, holiday celebrations, and New Year’s Eve parties, but it also means the beginning of tax season. Investing a little time to evaluate your financial picture now will pay off with less stress later. Making a few financial moves now could also result in significant savings […]