Guiding the Way to Financial Freedom
As tax season approaches, the Internal Revenue Service (IRS) has introduced a checklist designed to make the tax filing process easier for 2023 returns. The checklist includes a mix of traditional preparation tips and provides new technological aids. The IRS’s updated guidance follows the country’s tax authority’s increased scrutiny of taxpayers with more audits. Preparation … Read more
If you’ve considered selling your home in 2024, you may be tempted to complete a lot of costly updates in hopes of increasing your home’s value and appeal. We’ve rounded up 16 improvements that will do just that. Avoiding Common Pitfalls It can be easy to fall into traps as a homeowner when everyone around … Read more
Worried about the future? Here are nine potential resilient assets that could help you weather the storm and thrive during a financial crisis. Economic Forecast According to a recent survey from the National Association for Business Economics, 76% of economists believe that the USA’s chance of entering into a recession in 2024 is 50% or … Read more
Buying a house is a great goal, but it’s not for everyone. Find out why renting might be a better option if you’re not ready to buy. Housing Market a Hot Topic It may seem like all anyone can talk about is the housing market. There are pain points there when it comes to inventory, … Read more
The complexity of tax documentation can overwhelm even the most diligent taxpayer. Fortunately, the IRS wants to simplify its communications to make life easier for millions. It has commenced a new initiative to make tax notices more accessible and understandable. The Taxpayer’s Burden The average American taxpayer faces a daunting challenge each year thanks to … Read more
With the 2024 tax filing deadline just around the corner, you might want to review these tips to make sure you’re not falling into tax traps this year. Tax Season Approaches Tax season is upon us, and millions of Americans are anxiously waiting to compile all of their documentation to get their returns filed. As … Read more
In the U.S., young adults are facing financial challenges unlike those of their parents. The burden of debt driven by enormous mortgages and students loans are having a dramatic impact on key life milestones. Financial Dependence on Parents The Pew Research Center reports that less than half of 18- to 34-year-olds are fully financially independent … Read more
Ah, the art of justification! When it comes to shopping, our minds can be incredibly creative, especially when rationalizing purchases we don’t necessarily need. From the allure of sales to the promise of self-improvement, here are 12 humorously relatable excuses we’ve all used to justify our more questionable shopping decisions. #1. The Self-Care Advocate “Self-care … Read more
Understanding tax credits can be incredibly complex, yet to ensure one can benefit from all that is available it is crucial to know what opportunities lie within the U.S. tax system. Understanding Tax Credits Tax credits are not mere deductions; they are even more valuable. As Eric Bronnenkant, head of tax at Betterment, states, “This … Read more
Looking to start a new budget or refresh your current one? These tips can help you start off the new year with a sound financial plan so you can reach your savings goals. Americans Look to Budgets to Stay On Track In an economy where many Americans are feeling the effects of a tense housing … Read more