Category:
Taxes

Text graphic that says "Tax Day Is Coming Up!"

What You Need to Know This Tax Season (2022-23 Guide)

By Tom Jackson | February 14, 2023

If it’s that moment on the calendar when prognosticating becomes a daily ritual in America, it must be tax filing time again. Roughly 168 million of us know we must…

Scales weighing Credit Card Debt and Tax Debt

Should I Pay Credit Cards or Tax Debt?

By Joey Johnston | August 15, 2019

The choice between paying credit card debt and taxes isn’t as simple as calculating money saved on interest. Failing to pay taxes has massive repercussions – just ask Martha Stewart.…

Man Punching Tax Debt Issues

What to do When You Can’t Pay Your Income Taxes: A 3-Step Plan

By Joey Johnston | March 15, 2017

It’s the least wonderful time of the year for millions of cash-strapped Americans thanks to three letters – I-R-S! Income tax returns are due April 18, but what if you…

Tax Refund Emergency Fund

Kick-Start Your Emergency Fund with Your Tax Return

By Joey Johnston | February 23, 2017

One morning, the sound of raindrops wakes you up and your first thought is “Not another rainy day! And your second one is, “I’m late for work!” You make a…

Maximum Social Security 2017

Social Security Increases Maximum Taxable Earnings for 2017

By Joey Johnston | January 11, 2017

The government just gave a raise to a lot of Americans who really need one. Now they just have to make sure Uncle Sam keeps his hands off the money.…

how to spend tax return

How To Spend Your Tax Refund

By George Morris | February 22, 2016

It’s tax time. And for most us, this is the only time of year we get a windfall bigger than credit card rewards or grandma’s Christmas check. In fact, the…

Sources:

  1. Dore, K. (2023, February 10) IRS says many state rebates aren’t taxable at the federal level. Some may face filing struggle, tax pros warn. Retrieved from https://www.cnbc.com/2023/02/10/irs-issues-state-rebate-guidance-for-taxpayers-urged-to-delay-filing.html
  2. Berry-Johnson, J. (2022, October 24) The IRS Is Supersizing Standard Deductions For 2023. Is That Good For Your Taxes? Retrieved from https://www.forbes.com/advisor/taxes/standard-deduction/
  3. N.A. (2022, December 6) Get Ready for taxes: What's new and what to consider when filing in 2023. Retrieved from https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2023
  4. N.A. (2022, December 20) Recovery Rebate Credit. Retrieved from https://www.irs.gov/newsroom/recovery-rebate-credit
  5. N.A. (2022, October 7) The Premium Tax Credit — The Basics. Retrieved from https://www.irs.gov/affordable-care-act/individuals-and-families/the-premium-tax-credit-the-basics
  6. N.A. (2023, February 2) Credits for New Electric Vehicles Purchased in 2022 or Before. Retrieved from https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before
  7. N.A. (2022, September 29) IRS provides tax inflation adjustments for tax year 2022. Retrieved from https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022
  8. N.A. (2023, February 8) The Fastest Way to Get Your Tax Refund. Retrieved from https://www.nerdwallet.com/article/taxes/fastest-tax-refund
  9. N.A. (2022, September 13) About Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-4868
  10. N.A. (2023, January 11) What to Expect for Refunds This Year. Retrieved from https://www.irs.gov/refunds/what-to-expect-for-refunds-this-year
  11. Chappell, B. (2023, January 22) Your tax refund will likely be smaller this year. Here are more things to know. Retrieved from https://www.npr.org/2023/01/22/1150300686/tax-refund-irs