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…

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 13, 2022) 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…

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…

A charitable donation is a gift of money or property made to a nonprofit organization to assist that organization in achieving its objectives. Most benefactors donate without expectation of anything in return, but some may wonder, “are charitable donations tax deductible?” Donating to the causes that are closest to your heart may be one of…

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