Home Energy Tax Credits and Rebates That Can Reduce the Costs of Home Ownership
Residential energy credits aren’t just for big projects like solar panels. That said, the credits for more common upgrades such as doors, windows, and insulation have been rather limited. There was a lifetime limit of $500 for those items. But great news for homeowners: the Inflation Reduction Act changes that starting in 2023. Residential Energy…
Read MoreTips to Get Your Tax Refund Faster and When to Expect Your Refund
Waiting for a tax refund can be frustrating. It takes time for the government to process your refund and get it into your hands. But did you know there are things you can do to help speed up the process? Check out these dos and don’ts to get your refund as fast as possible. Plus,…
Read More6 Times You May Be Surprised By Unexpected Taxes
Usually, we know what income gets taxed based on our experience. But sometimes, we just don’t think about it. With our busy lives, most of us aren’t thinking about taxes all the time. So SaverLife is here to help! Here are some situations when you may have taxable income that may surprise you when you…
Read MoreEverything You Need to Know About Debt And Taxes
Debt and credit can be useful tools to help reach goals, but how do they impact your taxes? Having debt, in some cases, can reduce taxes, but in most cases, it is not helpful. Having debt canceled can be incredibly helpful with personal finances and budgets, but sometimes results in more taxes. Let’s start with…
Read More6 Tax Updates You Need To Know For The 2023 Tax Season Including 1099-K, CTC & ETIC
Every year there are changes to tax law. As the tax year 2022 filing season approaches in 2023, it is a good time to review the changes for those 2022 tax returns. Understanding the tax code changes this year is more important than ever as some tax credit increases are coming to an end. 1)…
Read More5 DIY Tips for filing your taxes online
If your tax situation is fairly simple and you’re tired of paying someone to prepare and file your taxes, DIY tax prep may be the way to go. The software for do-it-yourself tax preparation has come a long way in making tax season simpler for many Americans. Here are five tips to master DIY tax…
Read MoreIs My Student Loan Forgiveness Taxable?
Follow the latest student loan forgiveness developments here. Student loans and student loan forgiveness have been in the news a lot this year after President Biden announced a historic student load forgiveness plan in August. Student Loan Forgiveness Plan Background On Aug. 24, 2022, President Biden announced a new student loan forgiveness program. This new…
Read MoreWhat are Series I savings bonds & should I buy them now when inflation is high?
The United States inflation rate has been higher than many of us have ever seen. I was a child when the inflation rate was this high. And while I remember having to be the person who physically got up to change the TV channel before remotes existed, I don’t actually remember the high inflation rates.…
Read MoreGig Worker & Small Business Owner Tax Checkup Tips
If you’re a gig worker or small business owner, you need to do regular and frequent tax checkups. Get a head-start and stay on track, so you’re not surprised when tax season rolls around with these tips. Even if you have W-2 income or retirement income with tax withholding (which covers self-employed tax liability), you…
Read MoreTax Checkup: Five Tips to Prepare for Tax Season Now
Tax season doesn’t have to be surprising. A quick tax checkup can help make sure you’re on track and avoid surprises when you file your taxes next year. What is a tax check up? A tax checkup is when you look at your tax situation to make sure when you file your tax return the…
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