Put Your Tax Refund To Work For You

As tax time rolls around, many people look forward to getting a tax refund. Their first thought is often, “how can we spend it?” This year consider saving your refund instead of spending it. Over 30 percent of Americans have no savings at all and another 30 percent have less than $1,000 in a savings [...]

By |2018-04-25T08:09:29+00:00April 18th, 2018|Blog, Personal Taxes|0 Comments

Is Canceled Debt Taxable?

Basically, even cancelled or “forgiven debt” from a lender is still taxable income, according to the IRS. As such, it must be included as income on your tax return. Debts which you are personally responsible such as credit card debt, mortgages and some student loan debt are included. […]

By |2018-03-15T14:59:59+00:00February 10th, 2017|Blog, Personal Taxes|0 Comments
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