Most Recent Manage Money News

10 Warning Signs of Tax Identity Theft You Shouldn’t Ignore

10 Warning Signs of Tax Identity Theft You Shouldn’t Ignore

Key Takeaways  Tax identity theft occurs when someone uses your Social Security number or ITIN to file fraudulent returns, claim...

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Someone Filed a Fraudulent Tax Return in My Name. Now What? 

Someone Filed a Fraudulent Tax Return in My Name. Now What? 

Key Takeaways  If a fraudulent tax return has been filed in your name, you should contact the IRS immediately and submit Form 14039 to...

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How Much Do Billionaires Pay in Taxes? 

How Much Do Billionaires Pay in Taxes? 

Key takeaways   Billionaires pay an average effective tax rate of around 23%–25%. This reflects the top 400 wealthiest Americans, but...

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Tax Shelters: Meaning, Examples & How They Work

Tax Shelters: Meaning, Examples & How They Work

Key Takeaways: Tax shelters reduce taxable income: Legal tax shelters, such as retirement accounts, HSAs, FSAs, and municipal bonds, allow...

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Can the IRS Seize a Legal Settlement If You Owe?

Can the IRS Seize a Legal Settlement If You Owe?

Key Takeaways  The IRS can seize or levy settlement funds if you owe back taxes, but the risk depends on...

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Active-Duty Military Tax Benefits: What You Can Deduct and How to Qualify 

Active-Duty Military Tax Benefits: What You Can Deduct and How to Qualify 

Key Takeaways:   Combat pay and certain allowances are tax-free, including Basic Allowance for Housing (BAH), Basic Allowance for Subsistence...

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How to Apply for the IRS Fresh Start Program 

How to Apply for the IRS Fresh Start Program 

Key Takeaways   The IRS Fresh Start Program offers multiple relief options to help taxpayers settle or manage back taxes...

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AI Tax Tools for Small Businesses 

AI Tax Tools for Small Businesses 

Key Takeaways:  AI tax tools automate data entry, expense categorization, and reconciliation, saving small business owners significant time.  These tools...

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How to Lower Your Taxable Income in Retirement 

How to Lower Your Taxable Income in Retirement 

Key Takeaways:  Smart withdrawal sequencing, from taxable, tax-deferred, and Roth accounts, helps control your annual tax bracket and reduce lifetime...

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Filing Guide for First-Time Taxpayers

Filing Guide for First-Time Taxpayers

Key Takeaways:  Most first-time taxpayers benefit from filing, even if not required; filing can unlock refunds and refundable credits like...

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