Posts Tagged‘tax’

Ways to Invest Your Tax Refund

Financial advisors recommend that American taxpayers attempt to adjust their tax withholding to see that they neither have to pay the IRS nor get a refund. This happy medium is difficult to achieve, and the average tax refund is a little more than $3,100. This is admittedly a nice windfall for most folks. The question then arises of how this refund should be used. Here are some options that will help improve the average American’s long-term financial standing. Pay Off High-Interest Debt The average household in the US now has about $16,000 in credit card debt. Even if the interest rate were…

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Top Tips for Getting Ready for Tax Time

If you’re like most people, you find all the paperwork, time, and energy involved in getting your tax return sorted stressful and annoying, particularly if you work for yourself. It can also be very costly if you don’t take steps to get organized and find ways to reduce your liabilities. To help this year be different from the rest, read on for some tips you can follow to get ready for tax time. Ideas for Reducing Your Tax Payment Before you submit your information, look for ways to reduce your overall liabilities. There are numerous options, and it’s important to speak…

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