America Saves Blog
Tips, advice, and the latest news from the savings world.
Did you know that you might have extra money waiting for you this tax season? For the last 40 years, the Earned Income Tax Credit (EITC) has made life better for millions of workers. Last year, more than 27 million eligible workers and families received more than $67 billion from the EITC, with an average credit of about $2,455. Yet the IRS estimates that one in five taxpayers misses this credit entirely.
By FINRA Investor Education Foundation Staff
No one wants to pay more tax than they owe, and no one wants to be scammed out of their hard-earned money. So, what can you do to protect yourself from tax and other scams that propagate this time of year?
Are you working on your New Year’s resolutions? If so, you’re one of just over 60 percent of Americans who do so. The fact is that only 8 percent of people are actually successful in achieving their resolution, but people who explicitly make resolutions are 10 times – yes, 10 times – more likely to attain their goals than people who don’t.
The New Year is here, and as we look toward the future, we can’t help but to reflect on successes over the past year. America Saves introduced a series of savings challenges, providing opportunities to get a jump start on savings goals. We were thrilled to help savers find the motivation they needed in 2016.
The holidays are underway, but that doesn’t mean that shopping is yet complete. Unfortunately, it does mean that there are still opportunities for your identity and your financial information to be compromised.