You recently filed your tax return and expected a refund. Instead, you got the opposite result — a hefty bill from Uncle Sam. Don’t panic…
The tax-filing deadline is typically April 15 each year. If you can’t make that deadline, it’s easy to get a six-month extension for filing your return, though your tax payment is still due by April…
In 2024, the IRS issued nearly 105 million refunds to taxpayers with an average refund of more than $3,100. If you’re among the millions of American taxpayers who are expecting a tax refund this year, or any year, it’s worth double-checking that the amount of your refund matches what was…
Photography by Getty Images; Illustration by Bankrate If you discover an error after filing your tax return — whether it means you owe more tax or you’re entitled to a bigger refund — you’ll need to amend your return. Form 1040-X is the form to use to correct previously filed…
Key takeaways Knowing how to calculate home equity gives homeowners a way to understand their home’s worth — and potentially liquidate it for their needs or wants. Your home equity is basically your home’s fair market value, minus any outstanding sums owed on it. To calculate your home equity, take…
A bear market is a prolonged period of price declines in a stock or entire market, usually of 20 percent or more from a recent high. Investors typically track the world’s major indexes like the S&P 500 and the Dow Jones Industrial Average to see when they enter bear market…
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