Advice & Expertise Blog

Taxes

  1. 5 Simple Tips to Budget For Tax Season

    5 Simple Tips to Budget For Tax Season

    CreditSoup's Wise Spend Wednesday has 5 simple tips to budget like a pro, this tax season. Learn expert tips to budget effectively for tax season, minimize tax liability and stay financially organized year-round.

  2. File Your Taxes For Free - On the IRS Website

    File Your Taxes For Free - On the IRS Website

    It's tax season and if you're debating whether to hire someone or file them free online, we have a solution for you. The IRS Free File Program let's qualified taxpayers file for free on their website. CreditSoup took the leg work out of it and has the details here.

  3. 5 Tax Myths Debunked

    5 Tax Myths Debunked

    The deadline to file your federal tax return is quickly approaching. If you’re like most people, tax season fills you with dread. Often, people feel stressed by preparing their taxes because they’re overwhelmed and don’t fully understand the rules. To help you file your taxes accurately, let’s debunk the five most common tax myths.

  4. Are Credit Card Rewards Taxable?

    Are Credit Card Rewards Taxable?

    For the most part, you will not have to worry about your smaller amount rewards getting caught up in the IRS. Overall, cash back rewards do not need be reported because they are considered a discount, not reportable, taxable income.

  5. What to Do If You’re Audited

    What to Do If You’re Audited

    Last year, the IRS processed over 134 million tax returns. Of those returns, only one million were selected for an audit. Your chances of being selected are slim, but everyone is at risk of an audit. Audits are time-consuming and stressful, and many people don’t know how to proceed.

  6. 10 Smart Ways to Use Your Tax Refund

    10 Smart Ways to Use Your Tax Refund

    You may have already started dreaming about ways you could use your refund dollars. But before you start spending, take a step back and consider if there are other ways you can use your refund to improve your financial standing. Learn more from these 10 smart ways you can use your tax refund.

  7. How the Republican Tax Plan Will Affect You

    How the Republican Tax Plan Will Affect You

    When Republicans first unveiled their plans for a new tax plan, critics tore it apart. Now that the bill is becoming a reality, it’s important to understand just how it will affect you and your finances.

  8. 5 Overlooked Tax Benefits for Millennials

    5 Overlooked Tax Benefits for Millennials

    As a recent graduate, making ends meet can be tough. Between rent, student loan payments, and utilities, there’s not much left over for anything else. The idea of owing the government even more during tax season can be terrifying.

  9. 5 Steps to Take Now to Prepare for Tax Season

    5 Steps to Take Now to Prepare for Tax Season

    While you’re enjoying the holidays, the last thing you want to do is think about taxes. However, tax season is just around the corner and, if you’re not prepared, you can easily end up overwhelmed and stressed.


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