The question of “When Will I Find Out If My PSLF Is Cancelled by the Government?” is on the minds of many borrowers who are navigating the complex landscape of the Public Service Loan Forgiveness program. As a federal initiative designed to incentivize careers in public service by forgiving federal student loans after 10 years … 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
Homeowners looking for a way to access home equity without taking on debt often turn to Hometap, a company that offers a home equity investment (HEI) model. Instead of a traditional home equity loan or HELOC, Hometap gives homeowners a lump sum of cash in exchange for a share of their home’s future value. Unlike … 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
Losing your ITIN number can be stressful, especially when you realize it’s essential for tax filings and other financial matters. The ITIN (Individual Taxpayer Identification Number) is crucial for anyone who doesn’t have a Social Security Number (SSN) but still needs to file taxes or participate in other financial activities. So, what happens if you … Read more
IRS Form 8888, officially titled “Allocation of Refund,” allows taxpayers to split their federal income tax refund into multiple accounts or request part of it as a paper check. This form is particularly useful for individuals who wish to allocate their refund across different financial accounts, such as checking and savings accounts, IRAs, HSAs, or … 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
When tax debt starts piling up and you feel like there’s no way out, the IRS Hardship Program could be your saving grace. This program, officially known as Currently Not Collectible (CNC) status, provides relief to taxpayers who are financially unable to pay their tax liabilities without sacrificing essential living expenses. If the IRS determines … Read more
“Does the IRS Still Use RCA for FTA?” is a question that has gained attention among taxpayers and tax professionals alike. The IRS’s Reasonable Cause Assistant (RCA) is a decision-support software designed to help determine whether a taxpayer qualifies for penalty relief under the First-Time Abatement (FTA) program. This program allows first-time noncompliant taxpayers to … Read more
“Do Veterans Pay Sales Tax?”. When it comes to the question of whether veterans pay sales tax, the answer can be quite complex and varies significantly depending on the state and specific circumstances. The topic of sales tax for veterans is intertwined with various benefits and exemptions that states offer to honor their service. For … Read more