Tag: Dofirst

Taxes

What To Do If You Haven’t Received Your Tax Refund

What To Do If You Haven't Received Your Tax Refund
Gemma / January 24, 2023

It can be really frustrating when you’re expecting a tax refund and it doesn’t arrive. There are a few things you can do to try and track it down.

First, check the status of your refund on the IRS website. You’ll need to enter your Social Security number, filing status, and the exact amount of your refund.

If the website says your refund has been sent, but you haven’t received it, it’s possible that it was sent to the wrong bank account. If you have your tax return direct deposited, check with your bank to see if the deposit was made.

If you think your refund was sent to the wrong account, you’ll need to fill out and mail in a Form 3911, Taxpayer Statement Regarding Refund.

If you haven’t received your refund and the IRS website says it was sent more than four weeks ago, you can give them a call at 1-800-829-1040. You’ll need to have your Social Security number, filing status, and the exact amount of your refund handy when you call.

The IRS also has an online tool called “Where’s My Refund?” that you can use to check on the status of your refund.

If you are expecting a tax refund and haven’t received it, there are a few things you can do.

First, check the status of your refund on the IRS website. You will need to provide your Social Security number, filing status, and the exact amount of your refund.

If the website says your refund has been sent, but you haven’t received it, it is possible that it was sent to the wrong account. If you have moved recently, the IRS may have sent your refund to your old address. You can update your address with the IRS online, by phone, or by mail.

If the website says your refund has been processed, but you still haven’t received it, it is possible that your bank has not yet deposited the refund into your account. You should contact your bank to ask about the status of the refund.

If you have not received your refund and it has been more than 21 days since the IRS processed your return, you can contact the IRS to ask about the status of your refund. You can reach the IRS by phone at 1-800-829-1040.

Financial

How Much You Need To Save For Retirement

How Much You Need To Save For Retirement
Gemma / November 15, 2022

You’ve probably heard that you need to save at least 10% of your income for retirement, but where did that number come from? And is it really enough?

The 10% savings rule of thumb comes from a variety of sources, including financial experts, retirement calculators and employer-sponsored retirement plans. But there’s no one-size-fits-all answer to the question of how much you need to save for retirement.

Your retirement savings goals will be unique to you, based on factors like your age, income, lifestyle and health. However, there are some general guidelines you can follow to help you determine how much you need to save.

A good rule of thumb is to save 10% of your income for retirement. If you start saving early, you may be able to save less than 10% and still reach your goals. But if you start saving later in life, you may need to save more.

The 10% savings rule is a good starting point, but it’s not the be-all and end-all. If you want to retire comfortably, you may need to save more than 10%. And if you’re aiming for a luxurious retirement, you may need to save even more.

No matter how much you need to save for retirement, the important thing is to start saving now. The sooner you start, the easier it will be to reach your goals.

If you’re not sure how to start saving for retirement, there are a few things you can do.

First, check to see if your employer offers a retirement savings plan, such as a 401(k) or 403(b). If so, sign up and start contributing.

Second, open a retirement savings account, such as an IRA. You can open an IRA at most banks and investment firms.

Finally, make a budget and make saving for retirement a priority. Decide how much you can afford to save each month and make sure you stick to your plan.

Saving for retirement may seem like a daunting task, but it’s important to start sooner rather than later. By following the 10% savings rule, you can make sure you’re on track to a comfortable retirement.