Electronic tax

Don’t Make These Common Tax Filing Mistakes If You Want Your IRS Refund Fast

Making a simple mistake on your tax return can have costly consequences. Getty Images This story is part Taxes 2022CNET’s coverage of the best tax software and everything you need to file quickly, accurately and on time. The days of filing a tax return with pen and paper are long gone – the complexity of […]

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How might inflation affect dollar store prices?

Goran13 / iStock.com As inflation continues, consumers’ last refuge for low prices may disappear – or at least not generate as much savings as in the past. Many dollar stores, known for offering brand name items at bargain prices to shoppers (often in low-income areas) have been forced to raise their prices given current inflation […]

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Idahoans will begin receiving income tax refunds this month | Idaho

LEWISTON — The Idaho State Tax Commission begins issuing 2022 rebates in late March. Refunds automatically go to people who were full-year Idaho residents for 2020 and 2021 and who filed taxes for those years. This includes those who have filed grocery credit refund statements. The refund amount is either $75 per taxpayer and dependent […]

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Retirement: These 13 States Tax Your Social Security Money

DNY59/Getty Images/iStockphoto Most retirees expect about 40% of their retirement income to come from Social Security payments, GoBankingRates reported. Still, if you live in one of just a handful of US states (13, to be exact), your monthly Social Security benefits after retirement might be lower than you expected, according to a new report from […]

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Property Tax and Rent Refund Clinics to End Next Week, According to Cause | News

The final Property/Rent Tax Refund Clinics hosted by Rep. Martin Causer, R-Turtlepoint, will take place March 7-10. However, support will continue to be available at its district offices in Bradford, Coudersport and Kane. The March 7 clinic will take place from 9:30 a.m. to 11 a.m. at the Bradford Senior Center and the March 10 […]

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Fewer deductions would simplify tax returns | Letters to the Editor

“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” (Will Rogers). Every year, the tax code gets more complicated. Only an accountant can browse the settlements. Our tax code is progressive (higher incomes paying a higher share of taxes). In 2019, the top 1% ($818,700 per year […]

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Build vs. Reduce: An IRA Income Strategy

Ignite Funding: offering short-term investments for long-term investors since 2011. We talk a lot about the need to save and invest for our financial future. The typical path most of us take to save is through our 401(k)/company retirement plans, or perhaps the old standby of contributing to an IRA. Some may even buy and […]

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Do you qualify for the California Earned Income Tax Credit? Here’s how much you could get | State and Region

Hanh Truong the Sacramento Bee For those filing taxes for the first time this year – fair warning – you’re going to find yourself in a pile of tax returns, receipts and complex tax jargon. Among the large glossary of terms, make sure you know what “earned income tax credit” is so you can save […]

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Volunteer Income Tax Help Available at Scottsdale Community College

Voluntary Income Tax Assistance (VITA) is offered in the Scottsdale Community College Campus Commercial Building until April 13. Persons with disabilities, elderly taxpayers, limited English speakers and those earning less than $58,000 per year are eligible for free income tax preparation. Under the program, IRS-certified volunteers provide “free basic tax return preparation” as well as […]

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Tax Assistance Programs Available to Residents of Scarborough

The City of Scarborough offers several forms of tax relief for residents seeking help with their taxes. There are several exemptions for residents that can reduce the annual tax bill. Requests for these exemptions must be submitted to our office by April 1. These exemptions are: • The Homestead Exemption, for residents who have owned […]

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2022 Supplemental Security Income Update

THE Social Security payment schedule reveals when people can expect huge checks and when to ask for money if they haven’t already. SSI recipients include adults and children with disabilities or blindness whose income and resources are below specific financial limits. SSI payments are also made to people age 65 and older without disabilities who […]

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SSI: Supplementary Security Income and application

SSI, also known as Supplemental Security Income, is designed to help people who are elderly, blind or disabled. These groups receive funds to help them increase their income. The program is administered by the Social Security Administration. SSI helps fund living expenses for low-income adults and children with disabilities. The US Treasury funds the program […]

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Fraud Watch: tax scams on the scene | Lifestyles

Tax season is underway. This scene plays out too often: you gather all the paperwork, fill out the forms, and wait for a tax refund. Shortly after filing, you receive a notice from the Internal Revenue Service that your refund request has been denied; you have already received a refund based on your 2021 tax […]

Electronic tax

When will your tax refund arrive? Here’s how you can check

To get your refund faster, the IRS strongly recommends filing online and using direct deposit. Angela Lang/CNET If you submitted your 2021 tax return to the IRS and it was accepted, you could potentially get your refund this month if there are no errors. But when exactly should you expect your money to arrive? Once […]

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Returning OFWs face tight job market at PHL

Repatriated Filipino workers arrive at Pasay City airport on May 26, 2020. – REUTERS / ELOISA LOPEZ RETURNEES Filipino workers faced a tight labor market in the Philippines and losses in savings, revealing gaps in government reintegration programs, according to a report by the Asian Development Bank (ADB). Thousands of Overseas Filipino Workers (OFWs) were […]

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Union Budget 2022 live updates: Did not increase income tax due to Covid-19 pandemic, says FM | Economy News

February 1, 2022, 4:24 p.m. We also track every trace of money in this (crypto asset transaction) by imposing 1% TDS on every transaction: FM Nirmala Sitharaman February 1, 2022, 4:14 p.m. FM Nirmala Sitharaman on Digital Rupee and Cryptocurrencies Proposal: What RBI will issue is digital currency. All that matters outside of that are […]

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United Way of the Mid-South offers tax preparation for families

If your household earned $58,000 or less last year, you qualify for the program. MEMPHIS, Tenn. — Filing your taxes might be a little tricky this year, but Centraide of the Middle South helps families file for free. In 2002, United Way of the Mid-South and the Internal Revenue Service launched a coalition of local […]

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Friday is Earned Income Tax Credit Awareness Day; find out online if you are eligible

SALEM, Ore. (KTVZ) — As Earned Income Tax Credit Awareness Day approaches Friday, the Oregon Department of Revenue and Oregon Department of Human Services are encouraging all workers with income in 2021 to verify their eligibility for the earned income tax credit. The Earned Income Tax Credit, which can return families up to $6,728 when […]

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Supplemental Security Income: Are You Eligible for $561 Payments in 2022?

Jhe Supplemental Security Income Where ISS The payment is a monthly benefit for people with disabilities, who are blind or over the age of 65 who are in financial need. If you live with your adult child(ren) or with people who pay part of your living expenses for you, the Social Security Administration may consider […]

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Lawmakers avoid bill to suspend Social Security income tax

SANTA FE, NM (AP) — A bill to remove New Mexico’s Social Security income tax for middle- and upper-income residents failed in an initial public hearing on Tuesday, underscoring the reluctance of many Democratic lawmakers. A State House panel declined to approve legislation that would phase out the tax by 2026, blocking further consideration of […]

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Two letters from the IRS to watch for this tax season

FILE – In this March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building is seen in Washington. (AP Photo/Susan Walsh, File) (NEXSTAR) – Tax season officially started on Monday, January 24. As you prepare to file your 2021 taxes, you’ll want to watch for two letters from the IRS to […]

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Volunteer Income Tax Assistance Open to Help With Free Tax Preparation | Ascent

Capital Area United Way’s Volunteer Income Tax Assistance Program is open for the 2021 tax season, which officially began Jan. 24, according to a news release. The VITA program provides free year-round tax preparation to people in the community, especially low-income workers, seniors and people with disabilities, according to the statement. VITA will run through […]

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Eligible Tamarac residents get free tax filing assistance starting Jan. 25 • Tamarac Talk

By Agrippina Fadel Qualified residents can get help preparing their tax returns for free, with in-person and online appointments available. Broward’s tax pro, formerly known as the Volunteer Income Tax Assistance (VITA) program, and Hispanic Unity of Florida help families and individuals with annual household incomes below $66,000 prepare their taxes for free. Participating certified […]

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Changes in reserve for voter applications nearing deadlines

NACOGDOCHES, Texas (KTRE) — The window is shrinking for deadlines surrounding your right to vote in the March 1 primary election. One deadline is for voter registration and the other is for submitting an application to vote by mail. Both are complicated by unforeseen factors. Election office staff attended a state webinar on Thursday on […]

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New Mexico May Limit or Eliminate Tax on Social Security Income

SANTA FE, NM (AP) — Lawmakers are rolling out competing proposals to remove New Mexico’s income tax from Social Security benefits as Gov. Michelle Lujan Grisham throws political weight behind the idea in an election year . About a dozen states tax Social Security benefits in one way or another. In New Mexico, personal income […]

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‘Workforce of the future’ wants stable retirement income, retire early and would quit before returning to work, Allspring Global Investments Survey finds

CHARLOTTE, North Carolina–(BUSINESS WIRE), according to the Allspring Retirement 2021 study conducted by Harris Poll. Examining the attitudes and savings of working adults and retirees, Allspring’s survey found that only 23% of current workers expect their retirement nest egg to last longer than 20 years, indicating that fewer workers have pensions to rely on for […]

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Oregon raises income limits for food and child care assistance | News

The Oregon Department of Human Services (ODHS) has increased the income limits for the Supplemental Nutrition Assistance Program (SNAP) and Employment Related Day Care Program (ERDC) to 200% of the federal poverty line, which is $2,147 per month for an individual or $3,660 for a family of three. The previous income limit for these programs […]

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Live updates from the fourth stimulus check: $200 Social Security, child tax credit, tax filing, Golden State payment…

Securities: – IRS warns that tax return arrears surpass 6 million deposits will threaten tax refund broadcast this year – How to counter the impact of high inflation in tax season 2022 – Some older people will see social security benefitincreased to $1,657 – 2022 BREAKpayment schedule published – Changes to the retirement agecould have […]

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BBB says file early – there’s a messy tax season ahead

Here it comes back. January 24 to April 18 is federal tax filing season, and the IRS warns that it could get a little rough. Your Better Business Bureau (BBB) ​​urges taxpayers to file as soon as possible, especially if you’re expecting a refund. Plus, depositing early reduces the chance that a scammer will beat […]

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Stimulus Check Live Fourth Update: $ 200 Social Security, Child Tax Credit, Income Tax Return, Golden State Payment …

Securities: – The latest round of Golden State stimulus checks have now been handed out – IRS tax filing season will begin 24 january: everything you need to know about Government assistance and tax declarations 2021 – The congress may include covid-19 stimulus funding in government spending bill – Head of IRS Chuck rettig on […]

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First job? Here’s what you need to know about filing your federal taxes

Sarah Tew / CNET Receiving your first paycheck is a liberating experience, but it is also a big step in the world of financial responsibility. You might also be surprised that your first paycheck isn’t as high as you expect, due to federal, social security, state, and other local taxes. Some of us don’t think […]

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🌱 Win Superbowl Tix + Mansion With Income + Best new restaurants

Happy friday! Here’s everything you need to know to get started today on an informed note. Here’s everything you need to know in Orange County today. First of all, the weather forecast for the day: Rather cloudy today. High: 73 Low: 59. Here are today’s top stories in Orange County: To earn Super Bowl Tickets […]

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USI students who want to prepare their taxes through the Volunteer Income Tax (VITA) program

Image copyright: USI Photography and Multimedia As part of the Volunteer Income Tax Assistance (VITA) program, students at the University of Southern Indiana’s Roman College of Business will provide free federal and state income tax preparation on Monday evenings. The service is open to students, faculty, staff and the general public. The sessions will be […]

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3 Seemingly Innocent Moves That Could Cut Your Social Security Income Smart change: personal finance

(Maurie Backman) You probably rely heavily on Social Security to pay your bills during your retirement. Even if you start your old age years with decent savings, you could end up depleting your IRA or 401 (k) over the course of your life. The advantage of Social Security is that it is designed to give […]

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Are you losing your retirement savings? 3 Ways To Earn More Income | Smart change: personal finance

(Maurie Backman) A lot of people retire thinking they are doing very well in the savings department, only to be disappointed. And that’s a stark reality to face once you’ve actually brought out your workforce. It’s easy enough to look at a big 401 (k) or IRA balance and think, “Great, I’m ready,” only to […]