Posted on

Is My 2008 Tax Return Still Eligible For a Refund?

Not filing a tax return is a more common situation than you might think. Every year millions of Americans don’t file a tax return for a lot of reasons, the most common being they didn’t know they had to. Even if your only source of income is unemployment, disability, or a social security check, you still have to pay taxes. Even if it’s your 2008 tax return that’s sitting around.

The good news is that most people who fit into the above categories are eligible for refunds. Big refunds. That 2008 tax return isn’t so much a burden for you to file out, as a source of money you’re not tapping. Here’s why: Continue reading “Is My 2008 Tax Return Still Eligible For a Refund?”

Posted on

Is Getting Tax Refunds Better than Owing Money?

We all get really excited when we fill in all our forms, submit all our receipts, go over our expenses, and find out we’re eligible for tax refunds. We start mentally spending it right away: this much for the house, this much for fun, maybe I’ll pay rent with this, etc. And, with direct deposit refunds now available we’re getting them faster than ever–sometimes less than a week after filing!

But as great as tax refunds are, many financial advisors say that if you’re getting a refund, you’re getting a bum real. That, in fact, a refund is a sign of poor financial management. Here’s why: Continue reading “Is Getting Tax Refunds Better than Owing Money?”

Posted on

Can I File State Income Taxes Online?

The IRS, in a shockingly forward facing-move, began the switch from paper forms to e-file years ago. This move is incredibly savvy on their part–it makes sure that people who aren’t inclined to do forms can still file their taxes (thus increasing the money they get) and it makes processing a lot easier for them. Win-win. Unfortunately, it’s a lot harder to file state income taxes online.

Harder, but not impossible, of course. Here are some ways you can do it: Continue reading “Can I File State Income Taxes Online?”