Other posts in the Taxes Category

Pet Owners Get Tax Breaks Too!

Business owners and parents seem to get all the tax breaks, but what if your “kid” has four legs and is furry? Guess what? You get some tax breaks too! Read on to see if your pet helps you qualify for any of these deductions. Pest Control – Did you get your cat or other

Read on

Should I Do My Own Taxes?

Have you been relying on a tax preparer to do your tax returns? Or are you new to the world of filing income tax returns? Either way, you might be wondering if it makes sense to do your own tax return. We have a few tips to help you decide what’s best for you. Your

Read on

How to Avoid Fraud and Protect Yourself

You’ve probably been hearing a lot about fraud these days, including from everyone here at WWFCU. That’s because dealing with fraud is an ongoing process. Here are several tips and recommendations to help you avoid fraud and protect yourself: Monitor Your Credit Check Your Credit Report – Stay on top of fraud by knowing what’s

Read on

7 Tax Mistakes to Avoid

Hey, we all make mistakes once in a while. But the one area in your life you need to make sure you’re error-free is when filing your tax return. The Internal Revenue Service (IRS) isn’t very forgiving when it comes to mistakes on your returns – which is why we’re sharing seven tax mistakes you

Read on

Prepping for Tax Time

Even though it’s an annual inevitability, tax season seems to take many of us by surprise. Don’t let that happen to you this year. Here are a few tips to make filing your taxes easier and relatively painless. Decide How You’re Filing Are you doing your taxes on your own this year or are you

Read on

6 Reasons to File Your Taxes Early

About a third of Americans wait till the last two weeks of the deadline to file their taxes. If you’re one of the procrastinators, you may want to change things up this year and file early. Here are six reasons why it pays to file your tax returns early: Quicker Refunds Since most people wait

Read on

Financial Goals for Each Decade of Your Life

A person’s financial goals grow and change with the individual. Your goals in your 20s aren’t usually the same as when you’re 50. We wanted to give you an overview of what some of your financial goals should be, decade by decade. Your 20s Set Up Good Habits Now is the time to put your

Read on

7 Smart Ways to Invest Your Tax Refund

You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you. Pay Off High-Interest DebtHas a high-interest credit card balance been a thorn in your side? Resist temptation to

Read on

Snowbirds and Tax Migration

Snowbirds, those who reside in a northern state during summer and travel south for the winter but maintain homes in both states, need to be aware of how tax codes apply to them as they migrate. To avoid nasty surprises by over- or underpaying taxes, snowbirds need to determine which home acts as their domicile, what

Read on

Donating a Vehicle – Tax Deduction

Do you have an old vehicle that’s been sitting in your driveway for years collecting dirt and rust? Maybe it’s the set of wheels you used in college or a minivan from when the kids still lived at home. You could sell it, but likely wouldn’t be worth the hassle. Instead, an easy way to

Read on