The 2018 deadline to file your 2017 tax return is April 17th. It is also the deadline to file your 2014 taxes if you have failed to do so up to this point. It may sound ridiculous that a person has not claimed their money from our federal government. You may have never given it any though but the government gets paid off your efforts before you even touch your paycheck. However, there are many people that are either ignorant, scared to file or just plain neglect to file altogether. I actually met a gentlemen who walked into my tax office last month and said he has failed to file taxes in the last eight years. My jaw immediately dropped to the floor. I could not fathom how this was possible myself but not filing taxes may be more common than you think.
Unless you plan to do an extension, there is just over a month of time remaining to file your 2017 tax return. Many of you likely fall in one of a few categories. You have already filed, are still waiting to file or waiting until next season to file while others may have had the misfortune of losing their tax refund altogether due to a debt obligation. My question to you is how do you view your refund? Is it a bonus check that you can spend however you please? Do you feel it is a repayment of money you should have received throughout the year? The answer is much like many questions pertaining to finance, it depends.
The first week of the new year is almost behind us. The new year brings about a new found lust and excitement for what may follow over the next 12 months. Many people make new year resolutions that often fizzle out before the calendar can turn February. Gyms are flooded while healthier food options are flying off the supermarket shelves but why are these changes usually short lived?
It’s new year resolution time again. Social media timelines are becoming flooded with statuses pertaining to making 2018 the best year ever, leaving old habits in the past, “new year, new me”, blah, blah, blah. I think you get the point. But I have yet to see any posts include real actionable steps that will lead to an improved upcoming year. Making financial improvements is a sure fire way to make the most of 2018. Below are five habits that must be adopted next year if you have yet to develop them by 2017’s end.
The holidays create a massive surge in advertisements and promotion from companies in all industries. The gift giving season provides great opportunity for new products to land in the hands of consumers, as a result many new fancy electronics, toys, jewelry and clothing are being shoved in our faces constantly. Rarely do you see gifts of a different variety being promoted. What I mean are gifts that can fortify you financially instead of a gadget or designer jeans. When was the last time you heard someone brag about their new bank account? Below I detail three gift alternatives you may want to consider giving and or receiving as you continue your journey on financial betterment.