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As tax day approaches, it’s a good time to consider two topics that keep popping up in the news cycle: immigrants and taxes. A recurring line of rhetoric is that undocumented immigrants and non-U.S. citizens don’t pay taxes. While some undocumented workers…
The Tax Cuts and Jobs Act of 2017 (TCJA), commonly referred to as “tax reform,” is now a few years old. But it continues to surprise taxpayers who don’t understand how various provisions affect them. As the most massive change…
If you shy away from preparing your own taxes, you’re not alone. According to IRS statistics, nearly 60% of Americans who e-file hire tax professionals to prepare their returns. Doing your own return can be time-consuming, frustrating, and more than…
In the aftermath of the 2007 to 2009 Great Recession, millions of Americans faced the pain of foreclosure and many had to navigate the frustrating process of short sales to sell their homes. Even after the economy rebounded, homeowners weren’t immune…
You visit your doctor every year for a checkup, take your car in for regular maintenance, and schedule a service call in autumn before turning on your furnace, but when was the last time your business got a checkup? Many…
Hiring nannies, housekeepers, and personal chefs used to be a luxury reserved only for the wealthy. But the rise of the on-demand economy has made hiring caregivers and other household staff more accessible. Today, it’s not uncommon for people busy with…
People often imagine IRS auditors as scary, calculator-wielding mercenaries who are just out to get more money from you. Yes, an IRS audit can uncover some mistakes on your income tax returns, and those mistakes could cost you money. Plus,…
It’s safe to say that few Americans find taxes fascinating. In fact, “frustrating,” “nerve-wracking,” and “bewildering” might be more commonly applied terms when describing the requirement to pay a portion of your income to the federal government. Nevertheless, taxes play…
When you’re expecting a large tax refund from the IRS, you undoubtedly want it as quickly as possible. There are a few ways to speed up your refund: electronically file your return, request your refund via direct deposit rather than…
The cost of health care has been rising faster than inflation for the past several decades, and it doesn’t show any signs of slowing down. This unfortunate trend may leave you wondering if you have any recourse to save money…
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