On August 24th, President Joe Biden unveiled his three-part plan to reduce student loan debt, which includes extending the pandemic-related payment moratorium, student loan forgiveness, and a new income-based repayment plan. Student Loan Forgiveness In order to facilitate the transition back to repayment and support borrowers who are most at risk of delinquencies or default…
A rental property can be a fantastic source of income and offers great tax breaks. Landlords can significantly reduce their tax liability by claiming specific rental property tax deductions, such as deductions for mortgage interest, depreciation, and maintenance. If you are a landlord, then knowing the available deductions and the rules for claiming them can…
Updated September 21, 2022 In March of 2020, the benchmark interest rates were decreased to nearly zero to mitigate the financial impact of the coronavirus outbreak. Since then, the Federal Reserve has been reluctant to increase rates while the U.S. economy is still reeling from its effects. In addition, the economy is currently struggling with…
The Where’s My Refund? tool makes tracking the progress of a tax refund quick and easy. It can be accessed at any time by visiting IRS.gov or downloading the IRS2Go App. After the return is completed and a refund is approved the Where’s My Refund? tool will give you an estimated date for when the…