Smart Ways to Use Your Tax Refund

tax professional,, tax returns, tax refunds, new tax laws

March 2, 2018
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In 2017, the average tax refund was almost $2,900. According to a study conducted by J.P. Morgan Chase Institute, many people wait for their tax refund, so they can pay for medical expenses not covered by insurance. For example, close to one-third of people spent part of their tax refund at the dentist. Another 40% of medical spending from tax refunds went to ...
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Making Sense of 2017 Tax Brackets

tax returns, new tax laws, 2017, taxable income, tax brackets

January 16, 2018
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Your tax bracket, determined by the taxable amount of money you made in 2017, tells you the percentage of your income you’ll pay to the United States government in federal taxes. It may also help you determine how much of a tax bill or tax return you can expect after you file your 2017 taxes. While these amounts fall starting January 1, 2018, because of the new tax ...
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Earned Income Tax Credit (EITC) Refund Dates

IRS, EITC, tax returns, tax refunds, tax loan

January 9, 2018
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Most people are curious about when they will get their tax refund. For those who file and use the EITC for the 2017 tax year, they can expect to get their refund no earlier than February 27, 2018.
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5 Ways to Use Your Tax Return

budgeting basics, tax returns

January 4, 2018
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It’s almost that time of year, when many Americans begin looking forward to their tax returns. Now is the perfect time to think about what to do with all that extra cash. Planning will help you make smart choices and set you up for a financially successful and fun 2018.
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Itemized vs. Standard Deductions

filing taxes, tax returns, itemized deductions, standard deduction

December 5, 2017
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With a lower taxable income, you'll pay fewer taxes. The IRS allows for standard deductions that reduce taxable income. These fixed amounts change depending on your filing status.
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Taxes: Dates, Deadlines and Refunds

IRS, tax returns, tracking taxes, tax refunds, tax loan

December 1, 2017
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As 2018 approaches many people are eagerly awaiting there W2’s so they can file their taxes. But exactly when does the IRS allow you to do so? As of November 27, 2017, we don’t know for sure. One reason is that Congress could still pass legislation in 2017 related to taxes, which may affect the dates.
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