What Do You Plan to Spend Your Tax Refund On?

What Do You Plan to Spend Your Tax Refund On?

The last decade has witnessed a steady rise in the tax refund amount received by average Americans. In fact, from 2005 to 2009, the average refund amount increased from $2,199 to $2,994, which signals a nearly 50% increase. Often, a tax refund is the biggest chunk of money taxpayers see all year. And just what do Americans plan to spend their tax refunds on? Full story

What are Tax Rebates?

What are Tax Rebates?

Tax rebates are issued when people pay more taxes than they owe. They may have overpaid based on the amount withheld from their paycheck or from conservative estimated tax payments. Taxpayers have an option of receiving a paper check or direct deposit for their tax rebate. Full story

The Rise of E-Filing

The Rise of E-Filing

Each year, more and more taxpayers are choosing to e-file their tax returns. In the past decade, the number of individual tax returns filed electronically has increased by a whopping 145%. In fact, by 2005, the more than half of all U.S. taxpayers were e-filing; by 2010, this increased to 70%. Full story