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"This Week's" Topics Provided By MoneyEdu

Facts About Taxes

This week, you'll learn some of the basic skills you need to make tax season as pleasurable - and profitable - as possible.
1040 Tax Form and Refund Check

Tax Return Basics

When hearing the words "tax season" many of us have a negative response that's so immediate it would do Pavlov's dog proud. With the possible exception of workaholic accountants, very few people relish the thought of wading through tax forms.Additionally, if you're new to it, the thought of filing your taxes can be quite anxie...
A man reviews a financial statement.
A woman in her living room entering figures into a calculator.

Tips for First-Time Filers

It's natural to feel a bit of trepidation when doing anything of consequence for the first time - and filing your taxes is no exception. Given the complexity of the tax code, it's easy for beginners to question their own aptitude.Yet the truth is that there is very little to fear. Even first-time filers can complete their taxes relatively p...
A delivery driver makes a delivery.

Tax Tips for Gig Workers

The so-called "Gig Economy" is one of the most high-profile economic trends of recent years. As businesses seek to remain competitive and lower costs, contract workers have become more attractive. Additionally, as Millennials compete for a shrinking number of full-time, long-term positions, job mobility has become something of a cultural ...
A concerned man makes a call while looking at a laptop screen.

Ten Mistakes That Can Mess Up Your Taxes

When it comes to human endeavors, perfection is an elusive goal. As far as tax returns go, however, anything less than a mistake-free document is grounds for concern. One simple error can cost you money to which you're entitled - or perhaps even get you penalized by the IRS.To help you avoid this fate, we've compiled a list of ten of the mo...
A concerned man reviews his financial picture.

Important Tax Credits

Tax credits are often more valuable than tax deductions because reduce the amount of tax you owe on a dollar-for-dollar basis. For example, if you have a $1,000 tax credit, your tax bill will be reduced by $1,000. But if you have a $1,000 tax deduction, your tax bill will be reduced by the amount of the deduction multiplied by your tax bracket &nda...
An hourglass sitting on a desk as a person works at a computer.

Things to Know Before Filing an Extension

When it comes to filing taxes, some of us tend to push things to the wire, filing right at the April 15 deadline. Sometimes, however, even that late date is too soon. For whatever reason, we need more time to get our taxes in order.One of the most common solutions to this problem is an IRS-approved extension. It's not a perfect solution, howeve...
Someone depositing money into a piggy bank.

Making the Most of Your Refund

For first-time or younger filers, the prospect of getting a sizeable tax return is awfully enticing. And for good reason: For many people in this position, it represents perhaps the largest lump sum of discretionary cash they'll have all year.Well, while we certainly don't want to come across as hectoring killjoys, we'd be remiss if we ...

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Financial Wellness Center

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Making a budget and sticking to it is the number one step to having financial freedom. Use this calculator to help you create a monthly budget by entering your monthly take-home pay.