What Is E-file.com? Unlike some of its competitors, E-file allows you to file state taxes only, without having to go through the federal process. It also offers a variety of forms you may need, including extension and amendment forms, to ensure you find everything in one place. The site provides a guarantee that your taxes will be done correctly. If another company finds a larger refund or lower tax liability, you’ll also receive E-file’s $100 Tax Refund Pledge Fee. You can check out E-file’s website here . If your next question is “How much does E-file cost?”, it all depends on which service you select. Free Basic The Free Basic service provided by E-file.com can get your return filed by tax day without all the bells and whistles. This tier is provided for anyone who is eligible to file a 1040EZ. You won’t spend a dollar on filing your federal returns, and if you choose the Deluxe or Premium versions and E-file discovers that you’re eligible for the...
Would you rather have $10,000 today, or a penny a day that doubles in value every day for the next 30 days? You’ve heard this one before. It’s the fun, sneaky question we ask kids — and sometimes, adults — to make a point about compound interest. “Interest” tends to be a word we take for granted. It’s what makes money (or debt) grow. But… what does that mean, exactly? How on earth does it work? What Is Compound Interest? On the positive side: Interest is what a bank pays you to keep your money there. The longer your money stays in the bank, the more you earn in interest. “Compound interest” means you get paid interest on interest. It works like this: An interest payment is added to your balance. When the next interest is calculated, you get paid for that full balance, instead of just the amount you initially contributed. So your bank is actually paying you to keep the money it already paid you there. Good deal. Many people, faced with the opti...