January - 2018

NEWS & UPDATES

Tax filing season starts today: Here’s how to kick it off

Tax filing season starts today: Here’s how to kick it off

Early bird tax filers get ready: Filing season for the 2017 tax year begins on Monday, Jan. 29. This year, the IRS bumped the deadline to file returns to April 17 because the traditional filing date of April 15 falls on a Sunday. Emancipation Day – a legal holiday – will be observed Monday, April 16. The IRS expects it will receive nearly 155 million individual tax returns this season. There's good reason to get organized and file in a timely fashion this year. Experts have s

10 Smart Ways to Spend Your Tax Refund Money Wisely

10 Smart Ways to Spend Your Tax Refund Money Wisely

If you’re expecting a tax refund this year, you need to have a good plan for your money. Maybe you already have the funds earmarked for some spending – but before you let your tax refund burn a hole in your pocket, remember that the government isn’t sending you a bonus check, but rather money that should have been yours all along. In fact if you’re receiving a huge refund, you’re probably having too much withheld. Be sure to revisit your W-4 form and adjust your federal incom

THE IMPORTANCE OF CREDIT

THE IMPORTANCE OF CREDIT Credit is a very important aspect of finance when it comes to purchasing something on account. It is commonly applied on items that command huge prices such as a house or a car or even on smaller amounts like your credit card. In most cases, a lender would make sure that he gets paid for the money borrowed by a client. One way to make sure that the money will be repaid in full plus interest rates and fees, is by looking at the credit history of the bo

7 Tax Breaks You Can Still Take on Your 2017 Tax Return

7 Tax Breaks You Can Still Take on Your 2017 Tax Return

Don't let tax reform changes confuse you. Taxes are on everyone's mind right now, with the recent passage of the tax reform law and the beginning of the 2017 tax year filing season in just a few weeks. But with new tax rules taking effect as of Jan. 1, it's easy to get confused about what you can and can't do on the returns that you're about to file. In particular, several tax breaks that tax reform eliminated for the 2018 tax year and beyond are still available on your 2017

New US tax law could impact paychecks by February

New US tax law could impact paychecks by February

NEW YORK, Jan 2 (Reuters) - The first paychecks of 2018 will be dispatched soon, but it may be weeks or months before taxpayers and payroll processors know how the new U.S. tax laws will affect your take-home pay. The Internal Revenue Service said it expected to issue guidance in January on how much in taxes employers should withhold based on the new tax rates. Employers and payroll services would then implement those changes starting in February. You might not even notice wh