While single fathers are nowhere near as prevalent as single mothers, a new study found that single fathers account for 4.6% of families where parents live with their children. This translates to more than 1.5 million single fathers, nationwide, according to a news release. Additionally, the study found that Nevada (6.8%), Montana (6.3%), [...]
The Internal Revenue Service reminded taxpayers that May includes National Hurricane Preparedness Week and is National Wildfire Awareness Month. This is a good time to create or review an emergency preparedness plan, including steps to protect important tax-related information. In 2021, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe [...]
The Internal Revenue Service reminds tax filers to stay resolute against ongoing scams and schemes by properly securing computers, tablets, and phones. Solid cybersecurity protection and scam recognition are vital to reduce the threat of identity theft inside and outside the tax system. The IRS works closely with the Security Summit, [...]
The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning April 1, 2022. The rates will be: 4% for overpayments (3% in the case of a corporation); 1.5% for the portion of a corporate overpayment exceeding $10,000; 4% for underpayments; and 6% for large corporate [...]
Good news for business in 2022. The International Franchise Association released its 2022 Franchising Economic Outlook showing that franchising is leading the economic recovery in the United States. The report highlights exceptional 2021 job and business growth across all franchising sectors, ranging personal services to lodging. The data indicates 2022 [...]
The Internal Revenue Service has updated frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit. These FAQs (FS-2022-09 PDF) were updated: 2021 Recovery Rebate Credit — Topic A: General Information – Q3 2021 Recovery Rebate Credit — Topic D: Claiming the 2021 Recovery Rebate Credit – Q1, Q2, Q6 2021 Recovery Rebate Credit — Topic [...]
Criminals and fraudsters often see disasters as an opportunity to take advantage of victims when they are the most vulnerable, as well as the generous taxpayers who want to help with relief efforts. These disaster scams normally start with unsolicited contact. The scammer contacts their possible victim by telephone, social [...]
The Internal Revenue Service and the Treasury Department reports millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to [...]
Inflation. We're all aware that prices tend to go up over time. This increase in the cost of goods and services is known as inflation and plays a bigger role in your finances than you may realize. What follows are some tips you may consider to manage your money during [...]
With the average student loan debt reaching $37,000 per borrower, a new report on "2021’s States with the Most and Least Student Debt" shows which U.S. states lead the pack. To determine the states that are friendliest toward student-loan debtors, WalletHub compared the 50 states and the District of Columbia [...]
