The IRS processes huge amounts of data and documents each year. In 2021 alone, it processed more than 261 million tax returns and documents to supplement tax returns. That includes more than 83.9 million individual electronic tax returns. One of the best ways you can make sure your tax return makes it through IRS processes …
Taxes don’t directly impact your credit. However, how you manage your tax debt and pay your taxes can have an impact on your credit history and score indirectly. Find out more about taxes and credit below, including whether filing a tax extension can hurt you. In This Piece How Is Your Credit Affected When You …
Do you think it’s possible someone stole your tax refund check? You wouldn’t be alone. In 2020, just under 1.4 million people reported cases of identity theft, and around 400,000 of those involved the theft of government benefits or documents—including tax refunds. The issue was concerning enough that the IRS started what it calls Identity Theft …
Someone Stole My Tax Refund Check. What Should I Do? Read More »
Key takeaways: Net worth is one of the metrics that shows a person or household’s overall wealth The average American net worth is $748,000, but the median for households is $121,700 Americans 65 to 74 have the highest average net worth at $1,217,700 Those with a college degree have the highest net worth compared to …
Average American Net Worth by Age Group, Education, and More Read More »
If you want to save money on apartment rent, you may be in luck this year. Apartment rental prices have dropped in every major metropolitan area in the United States over the last seven months, after surging for much of the past two years according to data from Apartment List. In fact, August 2022 to …
Renting? Now May Be a Good Time to Move (or Renegotiate Your Lease) Read More »
Buying a used car can lower the cost of your purchase, letting you move into car ownership with a much smaller loan. This might also be beneficial if you don’t have the credit or income to qualify for a loan amount that would cover a new car price. You might get an even better deal …
How to Get a Loan for a Used Car From a Private Seller Read More »
[Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Your credit score is one of the most important numbers you have. A high score can open doors for you and increase your chances of obtaining the things you want. However, …
10 Reasons Why You Should Sign Up for Credit Repair Today Read More »
Update: The IRS deadline for filing taxes is April 18th, 2023. This applies to most taxpayers. Those that request an extension will have until October 16th, 2023 to file. The federal government spent a total of $6.3 trillion from October 2021 through September 2022, according to the U.S. Treasury Department’s Combined Statement of Receipts, Outlays …
10 Things Taxes Pay For: Where Do Your Federal Tax Dollars Go? Read More »
Quick answer: You can try joining a credit union, signing up for a starter credit card, getting a credit card through your current bank, applying for a secured credit card, becoming an authorized user on another person’s account or taking out a credit builder loan. Make sure to check your credit score and credit report for …
Quick Answer: You need to be 18 to open your own credit card, but that doesn’t mean you have to wait until then to start building your credit. It’s never too early to start building credit. In fact, if you start building credit before you turn 18, you hit adulthood a step ahead of most …