Tax season can feel like a daunting time, but with proper preparation, you can navigate it smoothly and possibly even maximize your return. Here’s a step-by-step guide to help you get ready. 1. Organize Your Documents Start by gathering all the necessary paperwork. This includes: Income Statements: W-2s for employees,…
As we head into 2025, the IRS has announced new contribution limits for 401(k) plans, reflecting adjustments designed to help workers keep pace with inflation and boost retirement savings. These changes are crucial for individuals seeking to maximize their retirement contributions and take advantage of tax-deferral benefits. Here’s a breakdown…
If you did not give permission to have a hard inquiry performed, you should first contact the company that performed the credit check and ask that they remove it from your report. The company might insist that they can’t remove it. They may even try to get you to…
When someone reviews your credit, it will be a hard inquiry or a soft inquiry. Soft credit inquiries Soft inquiries do not affect your credit and only you can see soft inquiries on your credit report. Hard credit inquiries Hard inquiries are viewable by anyone accessing your credit…
If someone is considering extending credit to you, they may view your credit report to analyze your credit history and determine how much credit they’ll extend. Why do variations of the term “credit inquiry” matter? Anyone accessing your credit report will be able to view not only your credit…