Most Recent Manage Money News

When to Call an IRS Criminal Tax Investigation Lawyer 

When to Call an IRS Criminal Tax Investigation Lawyer 

Key Takeaways   Most IRS tax issues are civil, not criminal. Criminal investigations are generally reserved for cases involving suspected willful violations of...

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What are Education Credits and Deductions Every Student Should Claim? 

What are Education Credits and Deductions Every Student Should Claim? 

Key Takeaways  Education tax credits directly reduce your tax bill, while education deductions reduce your taxable income. Credits generally provide greater tax...

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Can Tax Relief Stop IRS Wage Garnishment Immediately? 

Can Tax Relief Stop IRS Wage Garnishment Immediately? 

Key Takeaways   IRS wage garnishment is an ongoing levy that allows the IRS to take a portion of your paycheck until your...

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Sales Tax vs. Income Tax: Why Your State Bill Feels So Different

Sales Tax vs. Income Tax: Why Your State Bill Feels So Different

Key Takeaways  Sales tax vs income tax comes down to spending versus earnings. Sales tax is imposed when you purchase taxable goods...

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Does Social Security Change If You Move States?​

Does Social Security Change If You Move States?​

Key Takeaways  Moving to another state generally does not change your Social Security benefits because Social Security is a federal program based...

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What Is an IRS LT11 Notice? 

What Is an IRS LT11 Notice? 

Key Takeaways   An IRS LT11 Notice is a Final Notice of Intent to Levy, meaning the IRS may begin collection...

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Do You Have to Pay Taxes on Gambling Winnings?

Do You Have to Pay Taxes on Gambling Winnings?

Key Takeaways   Yes, gambling winnings are taxable. The IRS generally requires taxpayers to report all gambling winnings—including casino jackpots, sports betting income,...

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IRS Interest Rates Rise for Q3 2026: What Taxpayers Need to Know

IRS Interest Rates Rise for Q3 2026: What Taxpayers Need to Know

The Internal Revenue Service (IRS) has announced that interest rates will increase for the third quarter of 2026, beginning July...

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Court Ruling Expands IRS Ability to Pursue Taxpayers in Preparer Fraud Cases 

Court Ruling Expands IRS Ability to Pursue Taxpayers in Preparer Fraud Cases 

Key Takeaways  The IRS generally has three years to audit a tax return, but the statute of limitations can extend to six...

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What is FICA Tax? (2026 Rates and How It Works)

What is FICA Tax? (2026 Rates and How It Works)

Key Takeaways: FICA is a mandatory federal payroll tax that funds Social Security and Medicare. Employees pay 7.65%, employers match...

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