Have you filed your taxes yet? The tax season officially started on January 29, 2024, when the Internal Revenue Service (IRS) started accepting and processing returns. Before you submit your 2023 tax return, however, there are some things you’ll need to think about first.
In like a lion, out like a lamb, as the saying goes. In March of 2022, however, the Federal Reserve is flipping that script as it raised the Federal Fund Rate by 25 basis points (0.25%) and, by the end of 2022, potentially raising it an additional seven times, according to recent reports.