The Refund to Savings (R2S) initiative is helping more tax filers to gain piece of mind knowing that part of their refund is tucked away for when they really need the money.  They are accomplishing this through simple savings promotions in the TurboTax Freedom Edition (tax prep software offered free as part of the IRS…

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Tax Refunds: One of the Biggest Paydays for the Average American Family

About 40% of American consumers live paycheck-to-paycheck making the average tax refund of $2,700 a substantial financial resource for the average American family. It’s also the reason so many taxpayers file their taxes before February 14. The American Tax & Financial Center infographic takes a look at the average consumer and how tax refunds help…

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The Ins and Outs of Earned Income Tax Credits

The Earned Income Tax Credit was passed in 1975 to encourage people to work and reduce poverty.  The credit which may be worth up to $5,891 on American’s tax returns has helped lift millions of people out of poverty. Our experts at the American Tax and Financial Center provide you with a graphical presentation on…

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Money in the Bank: Using Tax Refunds to Fuel Your Savings

With 40% of Americans unable to meet the majority of their monthly expenses, no wonder tax-time has become an opportunity to get a jump-start on savings.  Our savings release infographic looks at the average American’s financial fears and how they can use their tax refund to fuel their savings and improve their financial future.

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The Affordable Care Act Timeline

The Affordable Care Act or health care reform was signed into law on March 23, 2010 in an effort to increase access to health insurance for Americans, but there is so much confusion over when health insurance needs to be purchased and when taxes will be impacted.  Our timeline infographic dispels confusion by highlighting key…

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The Whole Story: How Changes to the Healthcare System Impact Taxes

Healthcare reform or the Affordable Care Act is beginning to be top of mind for many Americans and is starting to raise a lot of questions.  Our healthcare infographic helps put your mind at ease and gives you the facts about healthcare reform to help you understand when you will have to purchase health insurance…

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A federal tax refund is the largest lump sum of money received in a year by the average American household. An estimated $230 billion1 in federal tax refunds will be issued this year to the nation’s taxpayers. Approximately $140 billion1 will be in consumers’ pockets by Feb. 15. In 2012, the average federal tax refund averaged $2,7002,…

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Tax time presents a unique opportunity for Americans to jump start their savings. The national savings rate is currently just below one percent. This month an estimated $140 billion in refunds will reach about 45 million people’s pockets. (1) However only 25 percent of taxpayers plan to put at least a portion of their tax…

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