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Leigh Russell Leigh Russell

Here's a Tax Break That Married Couples Often Overlook

Saving for retirement can be tough for married spouses who stay home to care for family or otherwise have scant income. But there is a tax break offered by the Internal Revenue Service that can help them and their partner save for retirement: a spousal IRA.

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Leigh Russell Leigh Russell

Here's What Happens When Your Tax Refund Is Delayed

The IRS isn't responsible for paying interest on tax refunds that are delayed to a mistake on your part. But if your tax return is error-free, then the IRS is obligated to issue your refund in a reasonable amount of time, defined as 45 days.

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Leigh Russell Leigh Russell

How to Avoid IRS Underpayment Penalties

Dealing with taxes can be a daunting task, and one aspect that often causes stress and financial strain is the possibility of IRS underpayment penalties. These penalties can occur when you don't pay enough in taxes throughout the year, whether you're a self-employed individual, a small business owner, or an employee with multiple sources of income.

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