When you file your 2022 taxes, you’re likely to come across a new question about cryptocurrencies right on the first page of your tax return. But it might look a little different than in years past. The IRS first added a crypto question to the top of Form 1040 — the main federal income tax document…

We can all use a simpler, more efficient way to manage expenses and save money. Putting your bills on autopay can ensure never forgetting a due date, which minimizes the risk of late fees and dings on your credit report. But although automatic payments can save time and streamline your personal finances, it isn’t the right…

Take advantage of all your IRA has to offer One of the most important features of your individual retirement account (IRA) is that it’s just that—an individual account. That means you can customize your investments as you see fit and take withdrawals when you want to. You can even control what happens to your IRA after you…

There are many options, but the best use of the money is different for each widow and her unique circumstances. The loss of a spouse is one of the most stressful events a person can experience. With it comes a whole host of emotions that can be overwhelming for the bereaved. Hopefully, life insurance is…

Let’s talk about how much you should save in your emergency fund and go over some ways that the savings positively impact your life. What’s up, everybody? It’s your boy, Brandon Copeland, aka Professor Cope, and you are now tuned to another episode of Cope’ing With Money. If you’ve been keeping up with Cope’ing With Money then I’m sure…

We all know how expensive healthcare can be, so being able to claim a tax deduction for some of your insurance costs can help you save come tax time. Since there are specific rules and qualifications you must follow, here’s an overview of when you can and cannot claim a deduction on your health insurance.…

WASHINGTON — The Internal Revenue Service announced today that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) and Forms 1040-PR, Self-Employment…

If finances are tight, you may wonder whether you can cash out a life insurance policy. The answer depends upon the type of policy you hold. The decision to cash out life insurance is not one to take lightly. By the time you finish this article, you’ll know which type of policies have cash value,…

It’s open enrollment time at workplaces across the country – for health insurance as well as a bevy of other benefits. Here are four tips to help navigate the maze of benefit decisions. The fall open enrollment season for employees is upon us, which means millions of American workers will need to make a number…

WASHINGTON —The Internal Revenue Service reminded taxpayers today that May includes National Hurricane Preparedness Week and is National Wildfire Awareness Month. This is a good time to create or review an emergency preparedness plan, including steps to protect important tax-related information. In 2021, the Federal Emergency Management Agency (FEMA) declared major disasters following hurricanes, tropical storms, tornados, severe…