Most tax payers who file their return early do so because they’re expecting a refund. The IRS is issuing IOUs. Many Americans who were promised their tax refunds this week are still waiting. Michelle Roe files her taxes early every year. “Those of us who filed early, we filed early for a reason because we [...]
U.S. consumer borrowing rose in May as credit-card debt climbed for only the 2nd time since the financial crisis flared, sounding a rare positive note for an economy that is barely generating any jobs. Consumer credit rose by $5.08 billion, the 8th consecutive increase, according to the Federal Reserve in a report Friday used [...]
Any taxpayer can use freefile.irs.gov to file their federal tax forms at no cost. If your adjusted gross income is more than $58,000 you’ll likely need some tax experience because you have to fill out the forms yourself. If your AGI is less than $58,000, the IRS has partnered with several income-tax-software companies that [...]
After a strange unemployment report in January, the news for February makes a little more sense. The U.S. economy added 192,000 jobs, as unemployment ticked down to 8.9%, according to the Bureau of Labor Statistics. This rate matches that in April 2009 and is the lowest since. This month, there aren’t any strange data discrepancies, [...]
The budget President Obama will issue today stands little chance of being adopted, serving instead as his opening bid in a showdown with Tea Party Republicans that will reach a boiling point when the government runs out of money in three weeks. With this year’s deficit estimated at a record $1.5 trillion, newly elected House [...]
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