Tax Refund Loans – Costs & Alternatives
March 16, 2010
Tax refund loans, also known as refund anticipation loans or fast tax loans, can be a tempting option if you’re in need of money and expecting an IRS refund. However, these tax refund loans can be a very expensive option due to the fees and interest charges that typically accompany them. Refund Anticipation Loans The official […]
Flexible Spending Account Deadline
March 13, 2010
The flexible spending account deadline is one that you don’t want to miss if you still have funds from last year in your FSA. As you’re probably well aware, you lose any money left in your flexible spending account that’s not spent by the FSA deadline. Flexible Spending Account Grace Period A few years ago […]
H&R Block at Home Software
March 11, 2010
H&R Block at Home is some of the best tax software available for consumers who want to prepare their own taxes. I was able to ask Julie Markey, a Vice President at H&R Block, some questions about the software via email. Julie’s the managing director of digital tax solutions so she’s very familiar with the software’s capabilities […]
Medical Expenses & Income Tax Deductions
March 10, 2010
Your medical expenses can be income tax deductions depending on how you file your taxes and how high your medical bills are. We all know that health care costs just keep going up, lets take a look at how you might be able to get tax deductions for these expenses. Tax Deduction Requirements In order […]
Tax Refund Status
March 4, 2010
How can you check on your IRS tax refund after you’ve filed your taxes and are waiting to get money back? Below is a tax refund schedule from TaxACT that shows an approximation of when your refund check should be mailed or direct deposit put into your bank account based on the date range that […]
Online Tax Software Success
February 25, 2010
Online tax software is becoming more popular each year for people looking to file their federal income tax returns on their own. Compete, a company that measures website visitors across the Internet, released a report this month that showed 11.5% more consumers visting the category of “Accountancy and Tax Service” sites than the previous year. […]
2010 Federal Tax Brackets
February 17, 2010
The time for preparing for tax season is upon us. As you gather necessary financial documents, you may also need to inquire as to which Federal Tax Bracket to file within. Most individuals and families are preparing their 2009 income tax returns, but many businesses, investors, and others are already preparing numbers and documents in order to file 2010 Federal Tax Returns in 2011.
Common Income Tax Problems
February 13, 2010
Income taxes can make us all a little crazy at times! As part of the recent free turbo tax giveaway I asked what your biggest frustration is when it comes time to file your taxes. Here are some of the things you worry about every year at tax time. Missing a Tax Credit or Deduction […]
How to File Taxes Online
February 12, 2010
Filing taxes online can make the whole tax return process a little faster. The main benefits of online tax filing are that you can receive a faster refund, your income tax return is immediately delivered to the IRS and state government without a drive to the post office, and the software that allows you to […]
Tax Credits for 2009
February 9, 2010
Looking for tax credits? Here’s a list of some of the more popular tax credits for 2009, and who qualifies for them: First Time Homebuyer Earned Income Tax The first time homebuyer’s tax credit was part of the economic recovery plan in 2009. It allows first time homebuyers who purchased homes in 2009 to take […]
