As you experience various life events, you’ll also experience changes in your tax situation. Some will help you, some will hurt, but the important thing is to report your taxes correctly and know how each situation will affect you. While this is not an all-inclusive list, here are six situations that can impact your taxes. Getting Married You have two filing options after you’re married: “married filing jointly” or “married filing separately.” Filing jointly may entitle you to more tax benefits. You should also ask your HR department if you can review your W-4 to ensure you’re not under-withholding. Having…

The Pew Charitable Trusts recently released a report that found most families are just one setback away from financial disaster. What exactly does that mean? Families are only able to replace less than one month of their income through liquid savings. That’s a scary fact. All it takes is one illness or a car breakdown to create a need for a large amount of cash. Most financial emergencies will be out of your control. The only way to combat this problem is by paying yourself first and saving enough money to break this cycle. The Root of the Problem: Paycheck-to-Paycheck…

Tax season is a prime season for identity thieves. There are many different types of scams run by these criminals; they’ll impersonate charity workers, tax accounts or IRS agents, all with the intent of stealing your information and money. The IRS website contains many resources for spotting fraud and taking action to protect yourself. Here are some common scams you may see this season. 1. Promises of Outlandish Refunds You know how the saying: “If it sounds too good to be true, it probably is.” If you hear a refund amount that you can’t believe, you might want to start…

This year, make sure your taxes are done right and get a chance to win big. Try any TurboTax® Online product for free and you’ll be entered into the TurboTax $25K Giveway.1 All you need to know is yourself. TurboTax translates taxes into simple questions about your life and puts everything in the right forms for you. You won’t miss a thing. TurboTax searches over 350 deductions and credits, so you can be confident you’re getting the biggest refund you deserve. Double checks as you go. TurboTax runs error checks and a final review of your return to help make…

Many studies have found that financial troubles can end a relationship. While the romantic in you may think you’d never let money come between you and your beloved, the issue tends to come up at some point with every couple. Different goals, lifestyles and hobbies make everyone unique, but they may also require serious discussions and compromises. Here’s how to successfully navigate finances with your partner. 1. Discuss Your Priorities Here are some important things to think about: Where do you want to live? Do you want to rent or own? Do you want kids? How many? How will you…