Like it or not, the gig economy and its innovations (such as ride-hailing apps) have changed the world. However, income from the gig economy is subject to the same tax obligations as other forms of income. Keep reading to learn more. What Is the Gig Economy? The term “gig economy” refers to the people who…
Tax season is in full swing. That means that more and more people are looking for ways to check the status of their refund. In this blog, we give you some useful tips on how to do just that. How to Check the Status of a Refund First off, it’s worth remembering once more that…
The Advance Child Tax Credit Payments helped millions of American families navigate the difficulties of the past year. If you received these payments, here’s what you need to know about how to reconcile them on your 2021 tax return. Advance Child Tax Credit Payments and Your 2021 Tax Return With tax season already underway, it’s…
As of today, millions of American families have received their Advance Child Tax Credit Payments, a measure designed to offer financial relief to those affected by the COVID-19 pandemic. If you still haven’t received your payments, here’s what you need to know to sign up. What Are the Advance Child Tax Credit Payments? These payments…
Natural disasters can occur anywhere, that’s why it’s important to take measures to protect yourself and your finances should an unexpected incident arise. Keep reading to learn more. Disaster Preparedness: 4 Tips to Protect Your Finances Planning is key to fast recovery after a natural disaster. These are some steps you can take to protect…
Last Thursday, the IRS and the Treasury Department began issuing Child Tax Credit Payments to American families. Keep reading to learn more about this relief measure and discover who qualifies, how much you could get, plus some useful online tools. Child Tax Credit: What You Need to Know In our previous post, we covered the…
If you are among those left wondering “Do I qualify for the Child Tax Credit?”, we have good news: a new online tool allows you to figure out whether you qualify or not without even leaving your home. What Is the Child Tax Credit? The child tax credit is part American Rescue Plan, a set…
In the minds of a lot of people, tax filing is complicated. And while filing your taxes requires a certain degree of attention to detail, things can be a lot easier when you keep accurate tax records. Keep reading to discover exactly how maintaining comprehensive records makes taxes easier–and how it can even result in…
Marriage involves a lot of planning: organize a party, find a new house, plan your honeymoon… and update your tax information. If you are getting married soon, here are some tax tips you should keep in mind. Name Change If your name changes after getting married, it’s important to notify this change to the Social…
Tax Day, which this year was on May 17, is already behind us. This means that if you forgot to file and pay your taxes, you have to take action right now. Here’s what you need to know. What to Do If you Couldn’t File Your Taxes by May 17 Here there are two basic…