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Graduations, birthdays, house warmings, birth of a new baby, are all occasions where you may want to shower your family with nice gifts or cash. But what you may not have known is giving large sums of money or expensive gifts to your family and not reporting it to the IRS could land you in jail. Before you start giving large gifts to your family, read these important tips about tax penalties.
Read MoreThere are several options for ensuring that you don't pay more taxes than you need to. You can save throughout the year and at the last minute, but when it comes to income taxes, a little planning goes a long way. Use these 6 strategies to maximize your returns throughout the year.
Read MoreThe average American receives a tax refund of $3,000. There are so many things you can do with that kind if money and even more things you shouldn’t be doing. Before you get your tax refund, let me tell you what you shouldn’t do with that nice chunk of change.
Read MoreClarissa Explains Money is a financial education platform that helps everyday people understand, manage, and grow their money with confidence. Here you will find practical tools, honest education, and real-life guidance designed to make money feel less overwhelming and more doable.
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