What Are Your Chances of Being Audited+
Pretty small, actually. According to Internal Revenue Service (IRS) data, for all returns filed for tax years 2010 through 2018, the agency examined 0.60% of individual returns and 0.97% of all corporation returns. In fiscal year 2019 – the last year for which data is available – the I... Read More
How To Deal With Taxes When Working Remote
Employees who normally work in an office in one state, but live (and are now working from) another may be facing additional tax-filing complications. The messiness of being taxed in multiple states is at least on Congress’ radar; the HEALS Act proposed by Senate Republicans last month wou... Read More
Will the 2020 Stimulus Checks Affect Your Taxes?
The COVID-19 stimulus checks Americans received over the last couple of months were unprecedented in the country’s history, so it’s not surprising that they confused some recipients. Even now, when most eligible people have already received their checks, there are still some misconceptio... Read More
Did You Know That Investing $5 A Day Can Make You A Millionaire?
It may seem impossible to believe, but investing $5 a day can make you a millionaire. At best, it will probably take you at least 40 years to get there at that savings rate, but even that is within a typical working career. In today’s era of commission-free investing and fractional share purch... Read More
5 Costly 401k Mistakes You Can Make
401(k)s are one of the most popular types of retirement accounts, but despite their widespread usage, people still make a lot of mistakes with them. You may not realize you’re making some of them and others may not seem like a big deal at the time, but this is your life savings you’re ta... Read More