RCL Financial Service

04/06/2026

The Education Department sent out mass student loan discharge notices to thousands of borrowers this week, notifying them that their federal student loans are eligible to be cancelled.

The development, which is the latest in the Sweet v. McMahon legal battle, is a win for borrowers, all of whom have been waiting nearly four years for relief.

Here's what borrowers should know: https://www.forbes.com/sites/adamminsky/2026/04/01/mass-student-loan-discharge-notices-go-out-to-170000-borrowers-after-education-department-loss/?utm_campaign=ForbesMainFB&utm_source=ForbesMainFacebook&utm_medium=social
📸: Anna Moneymaker via Getty Images

03/10/2026

ATTENTION

Tax season is in full swing and IRS is offering a service that will help people with their taxes. You have extended weekly in person hours for assistance with any tax problems.
Office is located at:
477 Michigan Ave. 5th floor
Detroit, Michigan 48226
Call for appointment
844-545-5640
M-F 8:30-4:30
Extended hours T-Th 7am - 6pm

11/19/2025

As year-end approaches, what does your tax situation look like? How has the OBBB impacted your financial performance? You can still make adjustments. Contact us if you require assistance.

02/12/2024

Tax Tips :
If you’re a W-2 worker working from home, you cannot take the home office deduction.
If you receive a 1099NEC you MAY qualify for the home office deduction they are certain stipulations.

02/12/2024

You may qualify for up to $7,430 in EITC
*if you’re single and make less than $56,838
* Invested less than $11,000
* valid social Security number
* US citizen
* did not file form 2555


01/09/2024

Just a little reminder of some important tax information.

IRS announces January 29 as start of 2024 tax season. 1/8/24

Taxes are due by April 15, which falls on a Monday. If you don't expect to file by then, you can request a six-month extension.

The quarterly payments for 2024 are due by the following dates:
*
* First payment: April 15.
* Second payment: June 17.
* Third payment: Sept. 16.
* Fourth payment: Jan. 15, 2025.

Your employer is also required to have sent you a W-2 by Jan. 31.

If you're a freelancer, an independent contractor, or earn income from other sources outside of a traditional job, you should received a 1099 tax form by Feb. 15.

Please keep these dates in mind.

01/09/2024

08/30/2023

I'm Opting Out too!
So now they are doing it, just announced on Channel 4 News.

Facebook is charging all users starting Monday. You can do an opt-out by doing this. Hold your finger over this message and copy it. It can’t be shared.

I DO NOT GIVE PERMISSION for Facebook to charge $4.99 a month to my account, also;
ALL PICTURES/PHOTOS ARE PROPERTY of MINE and NOT Facebook's!!!

OPT-OUT!

01/23/2023

Today is the first day… See you soon!
Make sure you Book your appointment.

12/11/2022

Happy Holidays

01/12/2022

If you get letter #6475 from the IRS save it. You will need it to file your taxes.
Here is why:
Don’t panic if a letter from the IRS unexpectedly shows up in your mailbox this month. Tons of Americans are getting them — and the message inside (probably) has nothing to do with an audit.
Starting in late January, the IRS is sending out letters to recipients of the third Economic Impact Payment, aka the COVID-19 stimulus check that went out last year. The notes are intended to help recipients “determine if they are entitled to and should claim the recovery rebate credit on their 2021 tax returns when they file in 2022,” according to a recent news release.
It can be confusing, so let’s recap. Congress has approved three stimulus checks since the coronavirus pandemic began. The first payment was a maximum of $1,200; most people got it in April 2020. The second was $600; most people got it in December 2020. The third was $1,400; most people got it in March 2021..
Anyone who received a third stimulus payment in 2021 will be sent Letter 6475, Your Third Economic Impact Payment.
Most eligible Americans already received their full payments, but if you think you qualified and never got one -- even if you don't typically file a tax return --you'll need Letter 6475 to file a claim for a recovery rebate credit on your 2021 tax returns.
Additionally, if the IRS based your third stimulus payment on your 2019 or 2020 taxes but you made less in 2021, you'll need the documentation to claim that adjusted credit too.

01/12/2022

Changes for this tax season:
Let’s dive into all of those tax changes below!
• First off, taxpayers will want to note that the first day for filing taxes is January 24, 2022.
• This early start date is for individual tax returns.
• The IRS is setting up early to test out new programming in place to account for the Child Tax Credit and Recovery Rebate Credit.
• According to the agency, the quickest way to get through filing taxes will be to have all of the required information ready to go.
• That includes how much was paid out as part of stimulus packages in 2021, as well as how much was gained via the Child Tax Credit.
• On that same note, some taxpayers may see a smaller return this year than they’re used to.
• That’s due to the child tax credit sending out payments to parents on a monthly basis instead of in one lump sum as part of their tax return.
• It’s also worth highlighting that taxes are due on April 18 this year for most of the population.
• That’s due to the Emancipation Day holiday pushing back the due date from the typical April 15.
• Taxpayers living in Maine or Massachusetts have until April 19 to file due to the Patriots’ Day holiday in those states.
• Anyone filing an extension will have until Oct. 17, 2022, to file their taxes.
• Taxpayers may also see a delay on their tax returns due to the ongoing stress the pandemic is causing the IRS’ system.
• The quickest way to get a return in 2022 is filing taxes electronically with direct deposit set up.
• Those that choose to turn in a paper filing are more likely to face delays.