by Christina Minton | Apr 24, 2023 | Your Income
Three-fourths of filers get a tax refund every year, with the average check weighing in at $2,972* so far this tax season. Here are some ideas to put that money to good use: Pay off debt. Part (or all!) of your refund could be used to reduce or eliminate debt. With...
by Christina Minton | Nov 14, 2022 | Your Income
And everyone seems happy to pay Now that the dust has settled on the big lottery winnings, it is worthwhile to see how the tax math works. Seen in the light of day, it is a great way for federal and state governments to triple tax this income and get even the lowest...
by Christina Minton | Oct 10, 2022 | Your Income
One of the best places for parents to look for tax savings If you’re a parent, your dependent children can be a source of tax savings. There are the well-known provisions in the tax code such as the Dependent Child Care Credit and the Child Tax Credit, but...
by Christina Minton | May 23, 2022 | Your Income
Summer brings warm weather, fun outdoor activities, and new opportunities to earn some additional income. However, taxes on seasonal income need to be handled with care, whether they’re related to your child’s first job or an extra income opportunity for...
by Christina Minton | Apr 25, 2022 | Your Income
If you’re getting a refund, here are four useful tips to know. 1. The average refund is more than $3,500. Through February 18, the IRS reports the average refund is $3,536, which is up 22% versus the same time last year. Since a refund is really your money to begin...
by Christina Minton | Feb 7, 2022 | Your Income
Most income you receive is taxable income that is reported to the federal and state tax authorities. However, renting out your home or vacation property on a short-term basis can be done tax-free if you follow the rules. The rule: If you receive rental income for less...
