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What to Do If You Haven't Filed Your Taxes in Years What to Do If You Haven't Filed Your Taxes in Years

If the IRS owes you money, there’s no penalty for filing your taxes late. If you owe them money, things can get very ugly very fast. If you haven’t filed your taxes in years, here’s what you need to know.

The IRS is Probably Looking at Your Dumb Tax Tweets The IRS is Probably Looking at Your Dumb Tax Tweets

The next time you want to tweet something about how much you hate paying taxes, or what you did with your huge tax refund, you might want to rethink it. An article from Washington State University professors took a look at the IRS’ data mining and analytics programs, and suggested the government agency is…

The IRS Will Split Your Tax Refund for You The IRS Will Split Your Tax Refund for You

If you’re getting a tax refund, you’ve probably got big plans for it. Ideally, you’ll use it for good: paying off debt or finally building your emergency fund, for example. Whatever you choose, keep in mind: the IRS will let you split your refund across multiple accounts.

Can Your Student Status Save You Money on Your Taxes? Can Your Student Status Save You Money on Your Taxes?

If you’re paying for college, you probably need all the help you can get, and thankfully, you can get at least a little tax relief. To see if you qualify for specific education-related credits and deductions, the IRS has created an online interactive tool.

Should You Pay Your Taxes with a Rewards Credit Card? Should You Pay Your Taxes with a Rewards Credit Card?

If you owe the IRS money in April, you’re probably not in a hurry to do your taxes. And if you owe a lot, you might even contemplate paying your tax bill with a credit card to earn some sweet rewards. Not so fast, here are a few things to consider first.

If You Owe the IRS Money, You Might Get a Call from a Private Debt Collector If You Owe the IRS Money, You Might Get a Call from a Private Debt Collector

If you owe the IRS money, be prepared for some changes. The IRS will now use private debt collectors for overdue federal debt, which might confuse some taxpayers. Here’s what you need to know.

PSA: Talk to Your Grandparents About Phone Tax Scams ASAP PSA: Talk to Your Grandparents About Phone Tax Scams ASAP

Tax season is in full swing, which means tax scams are in full swing. The IRS just released an alert for seniors to watch out for phone scams, specifically. If you have grandparents or aging parents, you may want to let them know.

It’s Harder Than Ever to Apply for Student Aid It’s Harder Than Ever to Apply for Student Aid

 Like a lot of systems, the FAFSA (Free Application for Federal Student Aid) process is up in the air right now, and it’s frustrating. If you plan to apply for student aid anytime soon, or if you’re already planning, here’s what you should know.

You Can Probably File Your Taxes for Free You Can Probably File Your Taxes for Free

You can file federal taxes with free file software if your income is under $64,000. Most people don’t know that, though: Consumerist reports that only about three percent of eligible filers take advantage.

Health Care Changes Aren't Official Yet, So File Your 2016 Taxes as Normal Health Care Changes Aren't Official Yet, So File Your 2016 Taxes as Normal

 Earlier this month, Republican leaders proposed The American Health Care Act, their plan to repeal and replace Obamacare. Some taxpayers might be a little confused over changes to the individual mandate. Keep in mind, nothing has actually changed yet, so go ahead and file your 2016 taxes as usual.

Where’s Your Tax Refund? This Tool Will Tell You Where’s Your Tax Refund? This Tool Will Tell You

Tax Day is April 18th this year, so you have a few extra days to file. If you’ve already done your taxes, you’re either more responsible than I am or you’re getting money back. If it’s the latter and you still haven’t gotten your refund, the IRS has a tool to help you track it.

PSA: You Have Until April to Lower Your Tax Bill With IRA Contributions PSA: You Have Until April to Lower Your Tax Bill With IRA Contributions

 If you have a traditional Individual Retirement Account (IRA), you can deduct the money you save in that account from your taxable income. And tax procrastinators, there’s still time to do it for last year’s taxes.

What the “Alternative Minimum Tax” Is and Why It Matters for the Rest of Us What the “Alternative Minimum Tax” Is and Why It Matters for the Rest of Us

One standout item from Trump’s 2005 tax return, revealed last night, was something called the “Alternative Minimum Tax” (AMT). If you’re not terribly familiar with it, here’s what the AMT is all about and why it matters.

PSA: Don’t Forget to Deduct Your Student Loan Interest PSA: Don’t Forget to Deduct Your Student Loan Interest

The first year I started paying back my student loan, I had no idea the interest was deductible. I missed out and kicked myself for it years later. Don’t make the same mistake.

Credit Karma Now Offers Free Tax Filing Credit Karma Now Offers Free Tax Filing

The IRS’ Free File program allows you to file your taxes for free and, if you earn less than $64,000 a year, they have free software to walk you through the process. Of course, there are similar third-party services, like TurboTax, that offer free tax filing, too. Credit Karma is the latest to join the mix.

If You Claim These Tax Credits, Your Refund Might Be Delayed If You Claim These Tax Credits, Your Refund Might Be Delayed

Tax season begins January 23rd, and the earlier you file, usually, the earlier you’ll get your refund. However, if you claim the Earned-Income Tax credit or the Additional Child Tax Credit, the IRS warns of a slightly delay.

The IRS Has a New Tool That Shows Your Account Balance The IRS Has a New Tool That Shows Your Account Balance

If you owe the IRS money and you want to see your tax details in one place, they recently released an online tool that shows your balance. Taxpayers can log on, check their account balance and pay directly from IRS.gov.

What You Need to Know About Taxes If You Make Money from the Gig Economy What You Need to Know About Taxes If You Make Money from the Gig Economy

If you want to make extra cash on the side, there are plenty of options out there from Airbnb to Lyft to Etsy. You’ve probably heard this referred to as the gig, sharing, or on-demand economy. Whatever you want to call it, if you earn any of your income this way, you have to think about taxes. Here’s what you need to…

Now’s a Good Time to See If You Qualify for College Tax Credits Now’s a Good Time to See If You Qualify for College Tax Credits

The school year is in full swing and many new grads have entered college. It’s a good time to see if you qualify for two common education tax benefits: the American Opportunity Tax Credit or the Lifetime Learning Credit.

Adjust Your Withholding Now Because Next Year’s Tax Refund Might Be Late Adjust Your Withholding Now Because Next Year’s Tax Refund Might Be Late

If you usually get a big tax refund, it might be time to fix that. The IRS announced that refunds for 2016 taxes might be a little late and they urge taxpayers to adjust their withholding.

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