It is human nature to get into a habit of expecting some things to continually work the same. However, as we can see from the most recent previous tax seasons the normal process has invited some gradual dynamic changes every year that some of us just don’t want to accept. Change is inevitable and more is coming! So let us all learn acceptance and not worry about those things of which we have no control over! The Internal Revenue Service kicked off the 2017 tax season Monday, January 23, although the IRS won’t be able to process some returns until…
Author: Lavestia Gaston Harper
If you don’t like the idea of a tax refund delay then adjust your tax withholding for the rest of 2017, so you get more take-home money now and a smaller refund . Check out IRS tips on tax withholding and a withholding calculator. complete your W-4 by finding the right balance between holding too little (you’ll owe Uncle Sam at tax time) and holding too much (you’ll be due a refund, which you might have to wait for). If you have income outside of wages and salary–Schedule C self-employment income, capital gains, interest and dividends–you need to pay estimated…
Most taxpayers have received an average tax refund of $3,000 for the past two tax filing seasons according to the IRS. That is a nice amount of money of which one could use in many positive ways to help them start establishing a positive change in their net worth. Following are eight smart uses for your tax refund: 1. Start or increase your emergency fund for those unexpected events that could occur at anytime. Having such a fund can help you avoid landing in credit-card debt. In your emergency fund you should always have three to six months of funds…