Tag Archives: interest
Waiting on a Tax Refund? IRS Will Now Pay You Interest
Currently, millions of Americans across the country are still awaiting their tax returns from the 2022 filing season. However, the longer taxpayers are left waiting, the more money they might see in their pockets when they do receive the refund. … Continue reading
IRS to Raise Interest Rates for Q1 2023
In an announcement made on Tuesday, the Internal Revenue Service said that interest rates for the 1st quarter of 2023 (Jan. 1) will be increasing. This is due to the near 40-year highs of inflation the country has experienced over … Continue reading
A Recession and Job Losses are Coming, Says Economists
2023 is forecasted to be a gloomy year for the nation, according to economists. As the Federal Reserve tries to bring down the immense levels of inflation we have seen over the summer, the economy is suffering and employers have … Continue reading
IRS to Pay Interest on Late Tax Returns
It’s no secret that the IRS has millions of tax returns that still need to send out. While waiting for your tax return can be extremely agitating, there may be one bright spot! The IRS has 45 days to process … Continue reading
Thinking of Buying a New Car? Now is Not the Best Time
Last week, the Federal Reserve boosted a key interest rate by half a percentage point. This marks the Feds largest boost in over 20 years and borrowing costs for a variety of consumer loans including car loans are expected to … Continue reading
Fed Raises Interest Rate For First Time in Three Years
For the first time since 2018, Federal Reserve Officials have voted to lift interest rates. They also agreed on penciling in six more increases to take place by year’s end. This is the most aggressive pace we have seen … Continue reading