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To Refund or Not to Refund

your tax return, income tax, tax tips | July 18, 2016 image description
your tax return, income tax, tax tips | July 18, 2016

Some of us pay hefty taxes throughout the year to get a big refund in April. Others try to pay just enough out of their paychecks to break even at the end of the tax year. How do you know what’s best for you?

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Everything You Need to Know About Tax Brackets

income tax | July 05, 2016 image description
income tax | July 05, 2016

I don’t know about you, but when people start talking about tax brackets, I feel like I’m playing a game of monkey-in-the-middle with tax lingo.

Enough is enough: It’s time to figure out what this income tax bracket stuff is all about.

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The Future of Your Taxes

income tax, tax news, IRS | April 04, 2016 image description
income tax, tax news, IRS | April 04, 2016

How many times have you looked at the American income tax process and thought, “Well, heck, I could come up with something better than that!”

Now’s your chance.

The IRS has kicked off what it calls the “Tax Design Challenge,” to come up with “the taxpayer experience of the future.” And to get your little grey cells into overdrive, the Mortgage Bankers Association (MBA) is offering a $10,000 cash prize for the winner. Second place is worth $5,000.

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Do You Qualify for the Earned Income Credit?

income tax, tax breaks, your tax return | February 16, 2016 image description
income tax, tax breaks, your tax return | February 16, 2016

In order to receive the EIC, you have to meet certain requirements and file an income tax return – even if you don’t owe any tax or aren’t required to file. 

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