With millions of Americans set to receive their tax returns in the coming weeks, some of them will end up deciding that now is the time to buy a new or used car.
Forget Tax Refund Loans: What about Our Taxes After 2010?
Category: Personal Loans, Taxes
We know – the title of this article sounds scary and confusing and that’s exactly the point. Never mind about getting tax refund loans. We’re worried about what will happen to our income tax – loan plans notwithstanding – after the Bush era tax cuts expire at the end of this year. That’s both scary and confusing:
Tax refund loans are a big business to tax-preparation services such as H&R Block and Liberty Tax, and no wonder: Both companies spend big money to ai
Category: Personal Loans, Taxes
Tax refund loans are a big business to tax-preparation services such as H&R Block and Liberty Tax, and no wonder: Both companies spend big money to air television ads promoting tax return loans as a great way for consumers to access their tax refund dollars quickly.
Five Tricks to Getting a Fast Tax Refund
Category: Taxes
If you get money back in the form of a tax refund every year or if you expect to have a check coming your way this year from the IRS, you’re probably eager to get that check into your bank account as quickly as possible.
Tax Time – Here’s How to Spend Your Refund
Category: Taxes
The average tax return is around $2,800 according to a recent article in CNN Money. In the past, the trend has been to spend the money on an indulgence of some sort – a vacation, a gadget, a pool, a nice dinner, etc.; however, with today’s economy, many people will find that there are better ways to spend the money.
Unemployed? Tax Tips for You
Category: Taxes
Currently around one in 10 Americans are unemployed and the average length of unemployment is over six months, the highest average since the US began tracking the information in the 1940’s. If you are among this number, as bad as things may seem, they could be even worse. Remember – unemployment benefits are taxable.
Tips for Avoiding the Tax Refund Loan
Category: Taxes
The tax refund loan has garnered a lot of criticism lately, coming from such distinguished groups as the National Consumer Law Center and the Consumer Federation of America. These groups warn consumers that income tax loans are the number one most avoidable expense at tax time. Why is this loan product gaining so much negative attention? These loans are notorious for being marketed to low-income individuals and families and for the exorbitant and often hidden fees that are charged to allow people to access their tax refunds early. The statistics are grim, showing that in 2007, early tax loans were taken out by 8.6 million taxpayers, who were charged $833 million in loan fees, plus another $68 million in miscellaneous fees.
Ideas for Your Tax Return Money
Category: Taxes
Tax refund loans appeal to many us. As Americans, we’ve come to crave instant gratification. We want things fast and we want things now. Wait for the lottery results until Saturday? Too long – I’ll take a scratch-off instead. The same thing applies to your tax return. That’s why tax refund loans are all the rage.
Better Tax Planning – 6 Reasons You Should NOT Itemize Your Taxes
Category: Taxes
Tax planning is an issue every year – to itemize or not to itemize. Many people think that itemizing will save money, but in reality there are very good reasons you should take the standard deduction and be done with it.
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