Posts Categorized: Taxation

Still Haven’t Filed? Use These Last-Minute Tax Tips

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With taxes due in less than three weeks, you’re officially a tax procrastinator if you haven’t filed yet. But that doesn’t mean you have to be a last-second tax filer that waits until the final hours before the April 15 midnight deadline. No matter what your excuse for waiting to do your taxes, here are aread more

How to Avoid a Credit Score Drop from Your Taxes

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If you can’t pay your taxes, the IRS might not be your only problem. While taxes and credit often don’t overlap, the potential is there for the former to affect the latter. Unfortunately, it’s usually bad news when this happens, and some common tax issues can cause a massive drop in your credit score. Here are differentread more

Owe Taxes But Can’t Pay? Consider These Options

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It’s one of the worst surprises when preparing your taxes: Finding you owe money to the IRS. Forget celebrating a refund, you’ll need to pay up — and fast. If you weren’t planning to write a check to the IRS, you might have trouble coming up with the cash that’s due along with your returnread more

The Complete Guide for Easily Filing Your Taxes

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Tax season is dreaded by many. Gathering up paperwork, filling out forms, and the fear of owing unpaid taxes is enough for many to put off preparing taxes as long as possible. Filing your taxes isn’t all bad news, especially for those who overpaid the IRS. Last year, the average tax refund was about $3,000,read more

Critical Tax Credits for Families May Expire

Low income families might get an unpleasant surprise come tax time in 2013. A handful of tax breaks for parents may expire on Jan. 1, 2013 if Congress doesn’t make a move by year’s end. Tax credits that provide financial relief to struggling families including the Child Tax Credit, the Earned Income Tax Credit, Childread more