The Latest Debt & Finance Blog

Taxpayers Beware: Filing Scams and Refund Fraud on the Rise, Says IRS

By Bill Fay | March 27, 2013

There is encouraging news from the IRS this week: Statistically speaking, you likely are due a refund when you file a tax return. There is also discouraging news: That refund…

Nobody Winning Partisan Budget Battle in Congress

By Bill Fay | March 26, 2013

Before the ink dries, there will be at least six budget resolutions offered and voted on in the House of Representatives: The Paul Ryan budget, a budget crafted by moderate…

Education Tax Credits Offer Big Savings for College Students and Their Families

By Kaitlyn Fusco | March 21, 2013

As the April 15 deadline to file taxes approaches, it’s important for college students and their parents to be aware of education tax credits, which can save families thousands of…

Bank of America Offers Cash to Customers Who Pay More than Minimum on Credit Card

By Bill Fay | March 19, 2013

Bank of America has tossed a lifeline to American families drowning in credit card debt. BofA, the second-largest bank in the United States, is offering the “Better Balance Rewards” credit…

When Parents Should Stop Paying for Kids’ Cellphone Plans

By Bill Fay | March 18, 2013

It’s not easy being a 20-something nowadays. Between landing a full-time job, paying back student loans and building credit, it’s hard to be financially stable. But are young adults solely…

Feds’ Handling of Big Banks Means Unequal Justice for All

By Bill Fay | March 18, 2013

If anyone in America still has faith in the quaint notion, enshrined in the Pledge of Allegiance, that we live in a country where there is “justice for all,” it…

U.S. Economy Continues to Crawl Forward

By Bill Fay | March 14, 2013

Unemployment dropped in February to its lowest levels in four years, consumers spent money at the fastest rate in five months, and Wall Street set new records, all of which…

Is the Economy Getting Better or Growing Worse? It Depends

By Bill Fay | March 4, 2013

There are so many mixed signals coming from all sectors of the U.S. economy that you need a linguist to properly interpret the flow of information. Depending on where you…

Sequestration Cuts Likely Will Increase Airport Wait Times and Delay Tax Returns

By Bill Fay | March 1, 2013

If you are like every elected politician in Washington and have successfully ignored sequestration for the last 19 months, button up. The effects of the federal government’s disastrous financial policy…

Obama, We Need President Who Can Lead and Not Blame

By Bill Fay | February 28, 2013

Government services, teaching positions, research projects and hundreds of thousands of jobs are about to be cut in another self-inflicted crisis in Washington – The Great Sequester – and what…

Sources:

  1. Feldman, C. (2013, January 22). Filing taxes? What you need to know. Christian Science Monitor. Retrieved from http://www.csmonitor.com/Business/Latest-News-Wires/2013/0122/Filing-taxes-What-you-need-to-know
  2. Internal Revenue Service. (2013, March 25). IRS Releases FY 2012 Data Book. Retrieved from http://www.irs.gov/uac/Newsroom/IRS-Releases-FY-2012-Data-Book