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Alerts and News - 2018 Archive

5 Common Mistakes on Tax Returns

Rushing to file your tax return increases the chances of error, which can delay your refund, trigger an audit or cause you to have to pay more later. Here are some of the most common tax mistakes to avoid.

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9 Tips for Students and Others Filing Taxes for the First Time

Filing your federal income taxes for the first time can be daunting. We’ve all grown up hearing our parents and the media complain about the headaches of tax season. NerdWallet asked university experts to share some advice to make things easier for college students and others filing their first tax returns.

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What If I Really, Really Need My Tax Refund?

“I really need my tax refund, to cover bills and pay down debt. How can I get it as fast as possible?”

The average individual tax refund was $2,895 in 2017, according to the IRS. I understand why you’d want so much money in your hands ASAP: For the typical American, that would cover rent for about three months, or a car payment for almost six months.

The problem? If you don’t spend it strategically, you could be back in the same position by St. Patrick’s Day. The issue isn’t that you want your tax refund now. It’s that you need it now.

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Tax Refund Predators Are Waiting

People who don’t have much money during the rest of the year can become big targets during tax refund season.

For those living paycheck to paycheck, tax refunds — which average around $3,000 — may be the largest chunk of unobligated cash they see all year. Retailers hope to get some of that money, but so do debt collectors, buy-here-pay-here car lots and purveyors of interest-free loans that come with fat fees. People flush with cash need to proceed with caution

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Money Smart Kid Essay Contest offers $1000 for college

VisionBank is proud to participate in Money Smart Week April 21-28, 2018, and there is an exciting opportunity for Central Iowa students to earn money for college through the Money Smart Kid Essay Contest, sponsored by the Iowa Bankers Association.

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