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How Long Should You Keep Tax Returns (and Other Documents)? Old Tax Records Taxes

How Long Should You Keep Tax Returns (and Other Documents)?

Every year, millions of Americans resolve to finally get themselves organized in the New Year. Unfortunately, when it comes to financial paperwork, it’s very easy to feel beaten before you even start. There always seem to be a small mountain of documents. Add in the inevitable tax season once a year and the pile grows […]

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6 minute read

Those IRS Letters About Garnishing Your Stimulus Were a Mistake Taxes

Those IRS Letters About Garnishing Your Stimulus Were a Mistake

If you recently received a “Notice CP21C” from the IRS, you can breathe a sigh of relief. The letters were sent in error, the IRS confirmed last week. The notices had many citizens worried, since they suggested that stimulus payments could be taken or garnished to pay off previous tax debt. Many Americans desperately need […]

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2 minute read

What Is FICA Tax and How Does It Work? FICA Taxes Taxes

What Is FICA Tax and How Does It Work?

If you’re traditionally employed in the United States, you’ve likely glanced at the line-by-line breakdown on your paystub before. You’ve probably noticed a deduction called FICA Med or FICA Social Security. It might even stand out to you. That’s understandable, since it’s easy to see when money is taken out of your paycheck. It’s also […]

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4 minute read