tax

2017 Tax Brackets, Standard Deduction and other Tax Updates

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The IRS has published the latest 2017 tax figures (for filing taxes in 2018) reflecting minor COLA updates to federal thresholds. You can see 2016 and past tax tables here. No changes to tax rates with 39.6% being the highest marginal tax rate. Tax bracket income thresholds increase marginally in line with inflation. The effect of this (bracket […]

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6 Tax Breaks for the 2016 to 2017 Tax Filing Season

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It is almost that time of year again….tax season! We have compiled a list of six tax breaks for the 2016-2017 tax season that will lower your taxes due and increase the amount of your refund.  The first topic is Earned Income Credit (EIC). The rules on this can be very confusing, but we are […]

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2016-2017 Federal Tax Filing Gross Income Requirements – How Much You Have to Make or Earn to File Taxes

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Every year I get asked about income requirements for filing taxes when publishing tax filing due dates for the upcoming tax season.  While there are other factors that also drive if you have to file taxes or not, how much you earn (gross income) is a primary driver. Gross income covers monies from goods, property, and […]

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2017 Tax Refund Payment Delays Likely According to the IRS – Continuing 2016 Trend

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It looks like we may have a repeat of 2016 tax refund payment delays millions of American’s faced (and are still facing) this year. The IRS recently warned that there will likely be 2017 tax refund delays (for 2016 taxes due by April 15, 2017) for certain taxpayers subject to several new factors and legislation enacted […]

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Tax Filing Deadline – Get Your Refund and Avoid Penalties

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With the deadline for the primary part of the tax season upon us make sure you file in time to avoid penalties or submit a free extension request for an October filing  date – you still need to pay any taxes due. If you have filed you hopefully have gotten your tax refund by now, or if you […]

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IRS Identity Review and Validation Options – Phone and Online – to Reduce Refund Payment Delays

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You filed your return in a timely manner and were waiting for your refund to be sent within the standard timeline that IRS promises. But alas, it has been much longer than that and you are wondering, “Where is my DAMN refund!” In a lot of recent cases, it appears that the IRS is delaying refund processing […]

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Thank God I Got My Tax Refund! Americans Get Religious With IRS Refund Delays

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People are getting very frustrated with delays they are seeing around getting their federal tax refunds. Despite the IRS saying that 9 out of 10 refunds will be processed in under 21 days, there have been a lot of people who seem to waiting a lot longer than the standard schedule. What’s exacerbated  this situation is the […]

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Will H&R Block, TurboTax and Other Online Tax Software Providers Help With IRS Refund Delays?

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On one of my more popular articles answering the question, “Where is my refund? ” I got the following representative comments which was the genesis of the title of this post. So I thought I would take some time here to address the obligations of these online tax providers when it comes to dealing with delays […]

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Quick and Practical Ways to Improve your Finances – Automatic Saving, Education, Refinancing to Tax Planning

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NOW is always a good time to reassess your financial situation and try and determine how you can improve your personal finances. Based on my experiences and observations, here are five simple and relatively cheap strategies to improve your finances. All it requires is a little discipline and overcoming normal procrastination that is associated when dealing […]

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2014-2015 Tax Season Deadline Tips – Filing Late, Requesting an Extension, Installment Plans and Refund Status

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With yet another tax season coming to a close here are some frequently asked questions and answers that come up around this time of the year: I’ve filed, but where is my refund? You can go online to check the status of your tax refund 72 hours after IRS acknowledges receipt of your e-filed return, […]

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