Does filing a tax extension hurt your credit, and are there credit ramifications related to taxes? Find out more at Credit.com.

Update: The IRS deadline for filing taxes is April 18th, 2023. This applies to most taxpayers. Those that request an extension will have until October 16th, 2023 to file. The federal government spent a total of $6.3 trillion from October 2021 through September 2022, according to the U.S. Treasury Department’s Combined Statement of Receipts, Outlays... Read More

Paying your taxes is never easy, especially if you owe a large sum of money to the IRS. In these cases, you may be tempted to pay your tax debt using your credit card. But can you pay your taxes with a credit card? In short, yes, you can. The IRS, through a third-party vendor,... Read More

Studies show that parents spend, on average, more than $650 per child on back-to-school supplies. This number is even higher for adult children heading off to college. With ongoing inflation concerns and rising costs, you, like many other parents, are likely looking for ways to reduce these costs as much as possible. If you’re lucky... Read More

According to the National Retail Federation, almost half of all consumers say they expect to file their taxes in February. Those who are expecting refunds often want to get their returns in early to maximize the chances of a quicker refund. If you know you’ll owe taxes, you might push off filing your refund until... Read More

If your income falls under a certain amount, you could be eligible for a special credit by putting money into qualified retirement accounts. It’s called the saver’s credit, and it started in 2018. Wondering if you qualify? We’ve got all the information you need about the saver’s credit for 2022 tax returns and the 2023... Read More