Avoid The IRA Tax Trap

You probably know about potential IRA tax traps related to withdrawals, rollovers, and estate planning that can saddle you with penalties and surprise tax bills. Did you know that the type of investments you hold could also hand you a surprise tax bill and potentially ruin your IRA status? The most common of the traps…
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6 Reasons To Use Tax Preparation Software

Tax preparation software has improved significantly over the past several years, and more and more people are using it to file their own taxes. If you are debating whether doing your own taxes is right for you, consider the following factors: Simplicity of your Tax Situation – If you have relatively few deductions, few sources…
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The Smartest Way To Spend Your Tax Refund

For many people, tax refund day is like Christmas in the spring. As they prepare their tax returns over the next few weeks, millions of Americans will hold their breath in anticipation of how much their tax refund is going to be — and then run to the mailbox every day hoping to receive their…
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Growth In U.S. Consumer Borrowing Slows

Slower Credit Growth for the New Year Are you using more or less credit these days? If your habits track the latest data released by the Federal Reserve, your rate of consumer credit growth has slowed considerably. The Fed’s release for January 2017 revealed that outstanding consumer credit rose by $8.8 billion to $3.77 trillion…
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10 Most Tax-Friendly States

Soon you will be filling out your federal tax forms, and unless you are lucky enough to live in seven states, you will be filling out state tax forms as well. Are you fortunate enough to live in one of these seven states, or are you on the other end of the spectrum, dealing with…
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