If you’ve ever been eagerly waiting for your tax refund, only to find out that the IRS has delayed it for review, you may be wondering: how long can the IRS hold your refund for review? While it’s natural to want your refund as quickly as possible, there are several reasons the IRS might delay … Read more
If you’re in Ohio and looking to score big savings on back-to-school shopping or other qualifying purchases, the Ohio Sales Tax Holiday is an event you won’t want to miss. This annual event, typically held in early August, provides Ohio shoppers the opportunity to buy a variety of clothing, school supplies, and other items sales … Read more
When tax season rolls around, many people wonder if the money spent on over-the-counter (OTC) medications—like pain relievers, allergy pills, or cold remedies—can help lower their tax bill. While the IRS allows taxpayers to deduct certain medical expenses if they itemize and those expenses exceed 7.5% of their adjusted gross income (AGI), most OTC medications … Read more
If you’re a tax professional and suddenly find yourself thinking, “My PTIN email does not work anymore,” you’re not alone-and you’re definitely not out of options. The IRS Preparer Tax Identification Number (PTIN) system relies heavily on your registered email for everything from password resets to important notifications, so losing access to that email can … Read more
If you’ve noticed that your Student Aid Index (SAI) is significantly higher this year, you’re not alone. With the replacement of the Expected Family Contribution (EFC) by the SAI starting in the 2024-2025 academic year, many families are experiencing changes in their financial aid eligibility. The SAI is calculated using information from your FAFSA, including … Read more
Applying for college or university is exciting, but what if your plans need a slight delay? Whether it’s for a gap year, financial reasons, medical issues, or a unique opportunity, knowing how to apply for a deferral enrollment can make the process smooth and stress-free. Many institutions allow students to defer enrollment for a semester … Read more
When it comes to planning for future education expenses, the Nebraska Savings 529 plan stands out as an excellent option for families looking to save and invest in their children’s higher education. This plan offers unique advantages that can help families save effectively for college costs while also benefiting from significant tax incentives. With its … Read more
If you’re looking for a student loan that offers flexibility, competitive interest rates, and borrower-friendly terms, then Ascent Loans might just be the perfect solution. Ascent Loans provides private student loans tailored for both undergraduate and graduate students, offering options with or without a co-signer. With benefits like customizable repayment plans, interest rate discounts, and … Read more
If you’re facing a hefty federal income tax bill, you might be wondering: Can I use my 401(k) to pay my taxes? The short answer is yes, but it’s complicated. While you can withdraw funds from your 401(k) retirement account to cover your tax obligation, you need to be aware of the tax penalties, potential … Read more
Understanding how to know if the IRS can put a lien on your house is crucial for homeowners facing tax troubles. An IRS tax lien is a serious matter that can have far-reaching consequences on your financial life, potentially affecting your credit score, your ability to sell or refinance your property, and even your employment … Read more