Payroll Tax Changes Affect the Way Americans Spend and Save

Payroll Tax Changes Affect the Way Americans Spend and Save

On January 1, 2013, the American Taxpayer Relief Act put more money back in taxpayers’ pockets with the permanent passage of many tax breaks. The payroll tax holiday, a temporary tax break to help stimulate the economy, however was not extended on January 1, 2013. Our infographic looks at how the expiration of the payroll tax holiday impacts spending habits and how individuals use their tax refunds. Full story

Tax Season is Over: How Will You Spend Your Refund? [INFOGRAPHIC]

Tax Season is Over: How Will You Spend Your Refund? [INFOGRAPHIC]

Most people would consider the tax refund the best part of tax season and with almost 75% of tax payers getting tax refunds this year, we’re taking a look at how Americans will spend their refund. While some would opt to save their refund for a rainy day, about 56% of tax payers plan to use some of this year’s tax refund to shop. Let’s take a look at the breakdown of top items on shoppers’ lists. Full story

What Can You Do to Get Ready for Next Tax Season?

What Can You Do to Get Ready for Next Tax Season?

Whew! Your taxes are done and it’s time to put up your feet and finally relax, right? You’re not too far off- the pressure is definitely gone, but before you just sit back until next tax season, there are a few things you can do to help make filing taxes easier next season. With a few adjustments you may be able to keep more money in your pocket and possibly increase your tax refund for next year. Full story