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Month: November 2021

FICO Scores Are Used By 90% Of Top Lenders.

FICO Scores Are Used By 90% Of Top Lenders. <h2><strong>FICO Scores Are Used By 90% Of Top Lenders.</strong></h2><h2><strong><a href=”http://www.tax-turbo.com/store/”>http://www.tax-turbo.com/store/ </a></strong></h2>You Need 6 Months Of Credit History To Get A FICO Score In Order To Better Assess Your Creditworthiness Over Time. They’re Determined By Five Distinct Factors: Payment History (35%) Credit Usage (30%) Age Of Credit Accounts …

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How Credit Repair Works

How Credit Repair Works <h2><strong>How Credit Repair Works</strong></h2><h2><a href=”http://www.tax-turbo.com/store/”><strong>http://www.tax-turbo.com/store/ </strong></a></h2>A dispute letter asks the credit bureaus for proof of information that would be difficult to obtain or uncover. This makes the verification process difficult for them. The letter itself is based on their responsibility to report only verified information. Hence, credit repair can help in the …

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Families Can Now Report Income Changes Using The Child Tax Credit Update Portal

Families Can Now Report Income Changes Using The Child Tax Credit Update Portal <h2><strong>Families Can Now Report Income Changes Using The Child Tax Credit Update Portal</strong></h2>The IRS recently launched a new feature in its <a href=”https://www.irs.gov/credits-deductions/child-tax-credit-update-portal”>Child Tax Credit Update Portal</a>, allowing families receiving monthly advance child tax credit payments to update their income. Families should enter …

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Common Tax Scams And Tips To Help Taxpayers Avoid Them

Common Tax Scams And Tips To Help Taxpayers Avoid Them <h2><strong>Common Tax Scams And Tips To Help Taxpayers Avoid Them</strong></h2>In recent years, tax schemes and scams have been on the rise. Con artists work year-round which means taxpayers must remain vigilant to avoid being victimized. Here are some tips to help people recognize and avoid …

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Tax Bracket – Tax Obligations

Tax Bracket – Tax Obligations <ul><li>$90,000 Federal Income Tax Plus FICA : $19,747</li><li>$95,000 Federal Income Tax Plus FICA : $21,230</li><li>$100,000 Federal Income Tax Plus FICA : $22,754</li><li>$105,000 Federal Income Tax Plus FICA : $24,337</li><li>$110,000 Federal Income Tax Plus FICA : $25,919</li><li>$115,000 Federal Income Tax Plus FICA : $27,502</li><li>$120,000 Federal Income Tax Plus FICA : $29,084</li><li>$125,000 Federal Income Tax Plus FICA : $30,667</li><li>$130,000 Federal …

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Resources To Make Tax Time Easier For U.S. Service Members And Veterans

Resources To Make Tax Time Easier For U.S. Service Members And Veterans <p>The IRS has a variety of resources to help members of the military, veterans and their families navigate the unique and complex circumstances that come with filing taxes while in the military. Reviewing these resources is a good way to <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready</a> for the …

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Why It’s Important That Taxpayers Know And Understand Their Correct Filing Status

Why It’s Important That Taxpayers Know And Understand Their Correct Filing Status As taxpayers <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready for the upcoming filing season</a>, It’s important for them to <a href=”https://www.irs.gov/help/ita/what-is-my-filing-status”>know their correct filing status</a>. A taxpayer’s filing status defines the type of tax return form they should use when filing their taxes. Filing status can affect the amount …

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IRS Announces Changes To Retirement Plans For 2022

IRS Announces Changes To Retirement Plans For 2022 Next year taxpayers can put an extra $1,000 into their 401(k) plans. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The agency also announced cost‑of‑living adjustments that may affect pension plan and other retirement-related savings next year.</p><h2> </h2><h2>Highlights of changes …

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Teachers Can Deduct Out-Of-Pocket Classroom Expenses Including COVID-19 Protective Items

Teachers Can Deduct Out-Of-Pocket Classroom Expenses Including COVID-19 Protective Items Fall is here and another school year is in full swing. Many teachers are already dipping into their own pockets to buy classroom supplies that will help set their students up for success. Doing this all year long can add up fast. Fortunately, eligible educators …

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