Just as consumers wait a full year in hopes of receiving a refund, high-cost and high profit lenders are just as anxious to take substantial amounts from consumers’ hard-earned dollars.
Know your tax bracket Each bracket of your income is taxed at a different rate. As you make more money, a higher percentage may be owed in taxes. Check out this infographic on decoding your tax bracket to see how it works. Know your timeline The regular tax return filing deadline is April 15. In general, experts recommend filing tax returns earlier rather than later. The earlier you file, the better your chances of avoiding tax-related identity theft, a crime that’s on the rise. Plus, if you’re owed a refund, you will get it sooner. Additional tip: If you think
TRENTON, N.J. (AP) — Former NFL star Plaxico Burress pleaded guilty Monday to New Jersey tax evasion charges after reaching a plea deal that could potentially spare him any jail time. Burress, 38, of Totowa, declined to comment on the plea he entered in state Superior Court, telling reporters to “have a good day” as he left the courtroom. Burress faces up to five years of probation when he’s sentenced on Feb. 5. He also will have to pay roughly $56,000 in restitution and penalties, prosecutors said, and could face a 364-day county jail term if he fails to make