Category:
Personal Finance

Text graphic that says "Tax Day Is Coming Up!"

What You Need to Know This Tax Season (2022-23 Guide)

By Tom Jackson | February 14, 2023

If it’s that moment on the calendar when prognosticating becomes a daily ritual in America, it must be tax filing time again. Roughly 168 million of us know we must…

A stack of credit cards toppling each other over like dominos

Debt Stacking Method

By Maureen Milliken | January 5, 2023

Paying down credit card debt should be simple, right? Pay the bill every month and watch the balance shrink. But for many people, it doesn’t always work that way. Balances…

Trash can full of unpaid credit card bills

What Happens If I Stop Paying My Credit Cards?

By Sarah Brady | December 8, 2022

It might seem harmless to miss a credit card payment, but making late payments (even if it’s just one day late) can have repercussions. The longer you go without paying,…

Credit Card

Nonprofit Credit Card Debt Help

By Devin Joy | November 16, 2022

Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…

Credit Card

Nonprofit Debt Consolidation

By Devin Joy | November 15, 2022

Nonprofit Debt Consolidation More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…

Beware Cash Advances

Credit Card Cash Advances

By Sarah Brady | October 27, 2022

When it comes to managing money, the quickest solutions usually aren’t the best. Credit card cash advances give you a fast way to get your hands on some money, but…

Types of Debt

Types of Debt

By Bents Dulcio | October 27, 2022

Understanding how debt impacts your credit will help you pay off loans quickly and efficiently. This guide aims to help borrowers understand the different types of debt and the nuances…

Payoff 15k in credit card debt

How to Pay Off $15,000 in Credit Card Debt

By George Morris | October 19, 2022

If you’re wondering how to pay off $15,000 in credit card debt, you can comfort yourself with the fact that you’re not alone. More than 40% of U.S. households carry…

Credit Card

Credit Card

By Devin Joy | October 18, 2022

Credit Card Debt More than 50 million U.S. household carry credit card debt over from month-to-month and, according to the Federal Reserve, the average amount they owe is $6,270. Nonprofit…

Illustration of man kneeling down while carrying box full of credit card debt

Paying off $50,000 in Credit Card Debt

By Joey Johnston | June 17, 2021

Running up $50,000 in credit card debt is not impossible. About two million Americans do it every year. Paying off that bill? Well, that’s not impossible either, though it is…

Sources:

  1. Dore, K. (2023, February 10) IRS says many state rebates aren’t taxable at the federal level. Some may face filing struggle, tax pros warn. Retrieved from https://www.cnbc.com/2023/02/10/irs-issues-state-rebate-guidance-for-taxpayers-urged-to-delay-filing.html
  2. Berry-Johnson, J. (2022, October 24) The IRS Is Supersizing Standard Deductions For 2023. Is That Good For Your Taxes? Retrieved from https://www.forbes.com/advisor/taxes/standard-deduction/
  3. N.A. (2022, December 6) Get Ready for taxes: What's new and what to consider when filing in 2023. Retrieved from https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2023
  4. N.A. (2022, December 20) Recovery Rebate Credit. Retrieved from https://www.irs.gov/newsroom/recovery-rebate-credit
  5. N.A. (2022, October 7) The Premium Tax Credit — The Basics. Retrieved from https://www.irs.gov/affordable-care-act/individuals-and-families/the-premium-tax-credit-the-basics
  6. N.A. (2023, February 2) Credits for New Electric Vehicles Purchased in 2022 or Before. Retrieved from https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before
  7. N.A. (2022, September 29) IRS provides tax inflation adjustments for tax year 2022. Retrieved from https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022
  8. N.A. (2023, February 8) The Fastest Way to Get Your Tax Refund. Retrieved from https://www.nerdwallet.com/article/taxes/fastest-tax-refund
  9. N.A. (2022, September 13) About Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-4868
  10. N.A. (2023, January 11) What to Expect for Refunds This Year. Retrieved from https://www.irs.gov/refunds/what-to-expect-for-refunds-this-year
  11. Chappell, B. (2023, January 22) Your tax refund will likely be smaller this year. Here are more things to know. Retrieved from https://www.npr.org/2023/01/22/1150300686/tax-refund-irs