If you’re among the 41% of the United States population Fannie Mae’s “How America Pays for College 2016” report revealed relies on family assets to pay for higher education (either for a child or an adult) you may qualify for several tax advantages related to the...
The average tax refund in 2016 (for the 2015 tax year was $3,120), and is expected to be slightly lower this tax filing season, due to a stronger economy and higher employment figures. But if you’re among the 30% of American tax filers who don’t get a refund, there’s...
When you have debt that’s forgiven by a lender, it can feel as though a huge burden was lifted from your financial life. Yet, that feeling may wane if you unexpectedly receive a form 1099-C indicating that the amount forgiven has become taxable income—especially if...
The Internal Revenue Service won’t accept your 2016 Federal tax return until January 23, 2017—but it has already warned taxpayers that they’ll need to be patient about receiving 2016 tax refunds. Here’s a look at the reasons the IRS has announced the delay, along...
You won’t feel the immediate impact of the recent changes the IRS has put into place in 2017 for another year (after you’ve file your 2016 tax return), but they’ll impact you eventually. Here’s a look at some recent adjustments that have been made for 2017 tax...
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