With tax season upon us, millions of Americans are expecting sizable refunds. But there’s no consensus on the best ways to put that money to work. I stopped into PIX 11 in New York City to share some tips and strategies for maximizing the extra cash. I kicked off the segment with my top priority for refund …
Once again, most Americans expect to get a tax refund check, and more than a third of them plan to spend some or all of it, according to Capital One Bank’s annual Taxes and Savings Survey. But this is one year in which spending your refund check wisely – or foolishly – could have long-lasting ramifications that linger throughout 2013 …
Q: Someone filed taxes with my social security number, I contacted the authorities! Now how long for me to receive my tax money? A: I’m sorry to hear about someone stealing your social security number and using it to file taxes. Unfortunately, it may take a while — probably at least several weeks, if not …
When Will I Get My Tax Refund If Someone Stole My Social Security Number? Read More »
Q: I am way behind on my student loan and my husband would like to file together but I’m afraid that they will take the whole tax refund. What can I do to stop that from happening? A: Since you are behind on your student loans, you are correct that you and your husband both …
Will My Tax Refund Be Withheld Because of My Husband’s Defaulted Student Loan? Read More »
The IRS says the average tax refund check in 2012 tops $3,000. Whether you’re expecting a really big tax refund like that, or a just a couple hundred dollars back from the government this year, be sure you make some wise financial decisions about that incoming cash. It’s easy to just splurge on something you’ve …
The 5 Best Ways to Put Your Tax Refund Check to Good Use Read More »
Even though most American taxpayers wind up getting a tax refund from the federal government, some taxpayers still owe the Internal Revenue Service money and will not get any type of refund until they clear up their balance and pay off any federal taxes owed. If you’re wondering if you will get a tax refund when …
Can I Get an Income Tax Refund If I’m Making Payments on Federal Taxes Owed? Read More »
Question: I owe $1400.00 to the IRS and am making payments. My 2010 tax return is expected to be $1800.00. I understand that taxes owed can be paid in Chapter 13 but if the tax return comes after the Chapter 13 is confirmed will they take just the $1400.00 owed or my whole return? Answer: …
Will I Lose My Tax Refund If I Declare Chapter 13 Bankruptcy? Read More »
Question: One of my readers wanted to know whether or not they should use their tax money to pay off all of their debt, or perhaps some of their debt and put the other half in savings. Answer: Basically, I think it’s not a good idea to use an income‑tax refund check exclusively to pay …
Should I Use My Tax Refund Check to Pay Off All of My Credit Card Debt? Read More »
Q: I want to use my tax refund money wisely this year so I can build a strong foundation for me and my two little girls. I have not been very smart with my past money choices. How can I make my money work for me this time? A: Congratulations for wanting to improve not …
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