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Showing posts with the label High-Risk States

IRS Audit Triggers in 2026: Small Errors That Flag Returns

IRS Audit Triggers in 2026: Small Errors That Flag Returns IRS Audit Triggers in 2026: Small Errors That Flag Returns TL;DR Summary Most “audit triggers” in 2026 are automated mismatches, not in-person audits. Small filing errors can flag returns when IRS data doesn’t match third-party reports. Careful reconciliation and quick responses to IRS notices can reduce risk. Many taxpayers worry that a minor mistake will automatically lead to an IRS audit. In reality, most issues that feel like audits begin with automated systems comparing what you reported against information sent to the IRS by employers, banks, brokers, and payment platforms. In 2026, these automated checks remain one of the most common reasons tax returns are flagged. While that can lead to additional tax and interest if left unresolved, many cases are fixable when addressed early. What Changed in 2026 and Why It Matters The biggest factor in 2026 is not a single ne...

Homeowners Insurance 2025: Costs, Coverage & Why Premiums Rise

Homeowners Insurance 2025 — What It Covers & Why Premiums Are Rising TL;DR Summary: Average 2025 homeowners insurance premium: $1,966/year , up 9.3% from 2024. Some homes (~$400,000 value) see premiums around $3,520/year . Standard coverage includes dwelling, other structures, personal property, liability, and ALE. Premiums are rising due to natural disasters, construction inflation, reinsurance costs, and underwriting tightening. Homeowners can manage costs by raising deductibles, improving home safety, and comparing insurers annually. What Homeowners Insurance Covers 1. Dwelling Coverage Covers damage to the main structure of your home—walls, roof, floors, attached garage—due to covered perils such as fire or windstorm. 2. Other Structures Covers detached buildings such as sheds, fences, detached garages, and outdoor structures. 3. Personal Property Coverage Covers household belongings such as appliances, electronics, and furniture. High-value items ...

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