Your house needs an annual cleaning, so why not your finances? Here’s how to make a clean sweep of your costly problems.
Paying your taxes with a credit card means paying big fees. So why am I doing it? Because this year, I come out ahead.
Tax refunds are the only windfall many people ever see, and year after year there’s a big temptation to blow it all on something fun. Nothing wrong with that if your finances are in order, but if not, there are better ideas.
There’s no surefire way to avoid the nightmare millions of taxpayers fear: an IRS audit. But there are a lot of ways to reduce the risk.
Taxes are complicated and you’re in a hurry: a recipe for error. Mistakes happen – but avoid the obvious ones to maximize the money and minimize the wait.
According to the IRS, Uncle Sam misses out on $450 billion every year due to honest mistakes and dishonest taxpayers. One recent survey offers a profile of the type of person most likely to cheat on their taxes. If you don’t fit the bill, you probably know someone who does.
Another awful “tax product” is finally getting flushed down the drain – this is the last year any major tax prep service will offer refund anticipation loans, which come with fees equivalent to 150 percent interest rates.