There are a number of things you can do to increase the size of your tax refund. One of the key ways to do this is by taking advantage of tax deductions. Being able to deduct things like healthcare expenses, mortgage interest, dependents, energy efficiency improvements, etc. helps lower the tax bill for many Americans…
If you’re filing for your tax returns, you might be wondering about the IRS tax deadline and Refund schedule for 2022. Amidst the continuing pandemic there are a lot of uncertainties with deadlines and schedules. Here’s the lowdown on what you need to know: Tax season officially kicks off on January 24, 2022. That is…
So, you received your federal tax return for the year, but you’re still waiting on your state refund. It can take anywhere from a day (e-file) to more than 15 weeks (paper) to get a state refund, depending on what state you live in. Please refer to the table below to find your state’s refund…
(Updated January 20, 2023) According to the IRS, they anticipate that most taxpayers will receive their refund within 21 days of when they file their returns. However, that is for those who file electronic returns and choose to get their refund by direct deposit. That also assumes there are no issues with your return. For…
Having a tax debt of over $10,000 can be stressful. But the worst thing you can do is ignore the issue and hope it goes away. It won’t! By putting things off, you risk owing even more due to additional penalties and interest charges. The good news is that you have options for dealing with…
The goal of the Association of Junior Leagues International (AJLI) is to develop the next generation of social agents who will effect systemic change. The Junior League provides women in the United States, Canada, Mexico, and the United Kingdom with access to learning and training opportunities. These women then put their newly acquired skills to…
As a parent, you want nothing but the very best for your kid when it comes to their education. However, education is not cheap! And if you send your child to a private school, the tuition can be pretty high. So you may wonder, is private school tax deductible? If you are paying for the…
Life insurance and taxes. Quite possibly, two of the most boring topics you can talk about. But they are topics that are important to understand. In this article, we’ll provide a brief, plain-English and as non-boring an answer to a common question people have about these two topics… is life insurance tax-deductible? There are two…
Roth IRAs can be a great way to sock some money away for retirement. They offer a number of tax and savings benefits for those who have them. But are Roth IRA contributions tax deductible? Individual Retirement Arrangements (IRAs), Internal Revenue Service Publication 590, states that an individual retirement account is a type of individual…