Most Recent Manage Money News

Forgot to File Taxes for 3+ Years? Here’s What to Do 

Forgot to File Taxes for 3+ Years? Here’s What to Do 

Key Takeaways   Unfiled taxes can be fixed, but delay increases costs and risk. The IRS typically treats voluntary compliance more...

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Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, Phil Hwang, Appointed National Chair of IRS Taxpayer Advocacy Panel

Chief Tax Officer and Lead Tax Attorney at Optima Tax Relief, Phil Hwang, Appointed National Chair of IRS Taxpayer Advocacy Panel

Optima Tax Relief announced today that Philip Hwang, its Chief Tax Officer and Lead Tax Attorney, has been appointed National...

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What is the Safe Harbor Rule for Underpaying Estimated Tax? 

What is the Safe Harbor Rule for Underpaying Estimated Tax? 

Key Takeaways  Safe harbor tax rules protect against IRS underpayment penalties, not balances owed, by meeting specific payment thresholds during...

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Tax Benefits of Health Savings Accounts

Tax Benefits of Health Savings Accounts

Key Takeaways  HSAs provide triple tax advantages with tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses.  To...

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2026 Tax Brackets and Deductions

2026 Tax Brackets and Deductions

Key Takeaways   The 2026 tax brackets were increased for inflation, allowing taxpayers to earn more income before moving into higher...

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Can I File Taxes If My Parents Claim Me?

Can I File Taxes If My Parents Claim Me?

Key Takeaways  Yes, you can file taxes even if your parents claim you. Dependency status does not prevent you from...

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Cryptocurrency Taxes Explained: What You Need to Know 

Cryptocurrency Taxes Explained: What You Need to Know 

Key Takeaways   Crypto is treated as property by the IRS. Any sale, trade, or spending of cryptocurrency can trigger taxable events,...

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Student Loan Interest Deduction: How Much Can You Really Claim? 

Student Loan Interest Deduction: How Much Can You Really Claim? 

Key Takeaways   The student loan interest deduction allows borrowers to deduct up to $2,500 per tax return, but actual savings...

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Should You Pay Off Credit Card Debt or Back Taxes First? 

Should You Pay Off Credit Card Debt or Back Taxes First? 

Key Takeaways  In most cases, it is better to pay off back taxes or stabilize them first because the IRS...

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How to Handle Taxes During a Legal Name Change 

How to Handle Taxes During a Legal Name Change 

Key Takeaways  A legal name change does not affect how much tax you owe, but it can affect whether the...

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