Individual Finance Tip #1: Consult This Year's Tax Planning Guide
Extending an individual return does not increase your chances of being audited. However, rushing to meet an IRS deadline could result in an inaccurate return – and a higher audit risk. Consult the CRI Tax Planning Guide for help answering your tax questions this year.
Individual Finance Tip #2: Consider This Year's Cost-of-Living Adjustments
Did you know that tax bracket ranges increase with the cost of living each year? Review our cost-of-living adjustment charts to find out how your tax rate and deduction opportunities may change this year.
Individual Finance Tip #3: Utilize PATH Act Credits (if applicable)
The Protecting Americans from Tax Hikes (PATH) Act now allows taxpayers to claim a tax credit for a portion of certain energy improvement project costs. This credit is just one of the act’s many generous provisions.
Individual Finance Tip #4: Respond to Any Identity Theft Tax Return Fraud Incidents
During the 2016 filing season, the IRS discovered nearly $4 billion in suspected identity theft tax refund fraud. If you become a tax return identity theft victim, then follow our eight steps to recovery.
Individual Finance Tip #5: Save More...and Strategically
A Northwestern Mutual study found that 34% of Americans have not created a financial plan. If you’re looking to become more financially savvy in 2017, then follow our 10 savings rules and prepare for that rainy day.
Individual Finance Tip #6: Get Creative with Financial Challenges