US Tax Brackets for 2020, 2021, and Beyond
Taxable income is governed by federal income tax brackets. The rate of tax you pay depends on your income bracket. But there is more to it than that. Single filers will pay more than heads of households, and there is also a different rate for married couples. What’s more, taxes don’t stop at the federal level and you may also be required to pay a […]
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The Best Tax Prep Software
Everyone dies, everyone files taxes, and no one looks forward to doing either of those things. Unless you’re an accountant with a catalog of high-paying clients, tax season will no doubt fill you with dread. Start getting out of tax debt today. Those who have accountants worry about being overcharged (by both the government and the accountant) and those […]
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Tax Fraud: What is it and Common Examples
It is estimated that tax fraud costs the United States close to $500 billion a year, and that doesn’t include the huge sums lost by state tax jurisdictions. This is a serious problem, but it’s also a vast and diverse one, so much so that you might find yourself breaking the law without even realizing it. Start getting out […]
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Penalties for Not Filing and Paying Taxes
If you don’t file your taxes, the IRS may penalize you, and those penalties can be pretty severe. In this guide, we’ll look at some of the things you need to know about IRS penalties, from late filing fees and the amounts charged to the exceptions that could help you avoid serious financial consequences. Start getting out of tax debt today. […]
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How to File Taxes for Free
Few people look forward to filing their taxes and no one looks forward to paying them. It’s a necessary job and a necessary expense, but one that can be made easier and significantly cheaper with free filing solutions. With that said, let’s look at some of the ways you can file a tax return for free. Start getting out […]
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Tax Deductions 2020: What Are They and What Can You Claim?
The US tax code has experienced some big changes in recent years and many of those have impacted tax deductions. As things stand, there are several different types of tax deduction and this complicates things somewhat if you’re not experienced in this area and/or you’re filing for the first time. Start getting out of tax debt today. To […]
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Post-Bankruptcy Credit Score Tips: Guide to Rebuilding
Bankruptcy is a last resort option for debtors who can’t afford to meet their monthly payments. It’s often seen as an easy way out, thanks in no small part to the many celebrities and businesses that seem to declare bankruptcy at will and never suffer the consequences. But the reality is that bankruptcy is an […]
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How Your Debt-to-Income Ratio Affects Your Credit Score
A debt to income ratio (DTI) is a basic calculation that lenders use to determine whether or not a borrower is capable of meeting their monthly debt payments. It’s a great way to evaluate someone’s financial health and can benefit the borrower as much as the lender. Start raising your credit score today. We have […]
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Effects of Affirm Loans on Your Credit Score
Maybe you’ve been looking into making a big purchase, but don’t have enough money saved up and don’t want to put it on your credit card. If this situation sounds familiar to you, there is an alternative option. Start raising your credit score today. An Affirm loan is a quick and easy way to finance […]
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Can an Employer Check My Credit Score?
When we interview for a job, employers are usually evaluating us based off of our past experience, subject knowledge, personality, and skills. Every employer has their own checklist of things that they are looking for in a new hire. This process is stressful enough as it is. But can employers check our credit report too? […]
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