Tax Breaks

Your Guide to Roth Conversions
Tax Breaks

Your Guide to Roth Conversions

Like marriage, converting a traditional IRA to a Roth is not a step that should be taken lightly.
November 24, 2020
10 States With the Lowest Beer Taxes
Tax Breaks

10 States With the Lowest Beer Taxes

If you want to get a brew that won't strain your wallet, consider pouring up in these 10 states.
November 21, 2020
9 States with No Income Tax
Tax Breaks

9 States with No Income Tax

If you choose to live in these states, every penny you earn is safe from state income tax (although two of the states do tax some dividends and intere…
November 20, 2020
Louisiana's Sales Tax Holiday for Hurricane and Pandemic Recovery is Underway
Tax Breaks

Louisiana's Sales Tax Holiday for Hurricane and Pandemic Recovery is Underway

Holiday shoppers can avoid Louisiana sales tax on purchases of most items during the state's newest tax-free period.
November 20, 2020
10 States With the Highest Sales Taxes
Tax Breaks

10 States With the Highest Sales Taxes

Before you embark on a shopping spree in any of the 10 worst states for sales taxes, make extra room in your budget.
November 16, 2020

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Sales Tax Holidays in 2020
Tax Breaks

Sales Tax Holidays in 2020

Seventeen states are having sales tax holidays this year. If you plan your shopping around these tax-free periods, you can save big on back-to-school …
November 2, 2020
Louisiana Adds Sales Tax Holiday to Help Hurricane and Pandemic Recovery
Tax Breaks

Louisiana Adds Sales Tax Holiday to Help Hurricane and Pandemic Recovery

Holiday shoppers can avoid Louisiana sales tax on purchases of most items during the November tax-free period.
November 2, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta

Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
October 28, 2020
Estate Planning During the Pandemic
Coronavirus and Your Money

Estate Planning During the Pandemic

Here’s how to prepare for the worst in this terrible, horrible, no good, very bad year.
October 28, 2020
What's the Standard Deduction for 2020 vs. 2021?
Tax Breaks

What's the Standard Deduction for 2020 vs. 2021?

Most Americans claim the standard deduction on their tax return instead of itemized deductions.
October 27, 2020
5 States With No State Sales Tax
Tax Breaks

5 States With No State Sales Tax

Alaska, Delaware, Montana, New Hampshire and Oregon do not impose a state sales tax, but that doesn't necessarily make them the best states for low ta…
October 27, 2020
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
Tax Breaks

The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?

Which tax rate applies to your 2021 long-term capital gains will depend on your taxable income.
October 27, 2020
Tax Relief Available for California Wildfire Victims
Tax Breaks

Tax Relief Available for California Wildfire Victims

Residents and businesses impacted by the California wildfires get more time to file and pay taxes.
October 19, 2020
Hurricane Delta Victims Get More Time to Pay Taxes
Tax Breaks

Hurricane Delta Victims Get More Time to Pay Taxes

The tax relief is currently available to Hurricane Delta victims in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes in Louisiana.
October 19, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta

Get the maximum tax deduction for property losses resulting from Hurricane Delta or other natural disasters.
October 9, 2020
How Snowbirds Can Be Taxed as a Florida Resident
retirement

How Snowbirds Can Be Taxed as a Florida Resident

If you live in a high-tax state during the summer but winter in Florida, you'll likely save big bucks if you can establish residency in Florida.
October 2, 2020
Oregon Wildfire Victims Get More Time to Pay Taxes
Tax Breaks

Oregon Wildfire Victims Get More Time to Pay Taxes

The tax relief is currently available to Oregon wildfire victims in Clackamas, Douglas, Jackson, Klamath, Lane, Lincoln, Linn and Marion counties.
September 17, 2020
What Trump's Payroll Tax Cut Will Mean for You
Tax Breaks

What Trump's Payroll Tax Cut Will Mean for You

President Trump issued an executive order to suspend the collection of Social Security payroll taxes. How much could it save you?
September 17, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Sally

Get the maximum tax deduction for property losses resulting from Hurricane Sally or other natural disasters.
September 17, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura
Tax Breaks

Tax Tip: How to Deduct Property Damage Caused by Hurricane Laura

Get the maximum tax deduction for property losses resulting from Hurricane Laura or other natural disasters.
August 31, 2020
IRS Extends Tax Due Dates for Hurricane Laura Victims
Tax Breaks

IRS Extends Tax Due Dates for Hurricane Laura Victims

Victims of Hurricane Laura have until the end of the year to file tax returns and make tax payments.
August 31, 2020
How Workers Face Double Taxation Under Trump's Payroll Tax Break
Tax Breaks

How Workers Face Double Taxation Under Trump's Payroll Tax Break

There's a catch if your Social Security payroll taxes are deferred under President Trump's recent executive order, which kicks in on September 1.
August 31, 2020
Deferred Payroll Taxes to Be Paid in 2021
Tax Breaks

Deferred Payroll Taxes to Be Paid in 2021

The IRS says Social Security payroll taxes that aren't collected this year under President Trump's executive order will have to be withheld and paid e…
August 29, 2020
Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims
Tax Breaks

Tax Relief for Hurricane, Wildfire, Flood and Other Natural Disaster Victims

Deductions for lost or damaged property, filing and payment extensions, and fee waivers can help taxpayers hit by a hurricane, wildfire, tornado, eart…
August 25, 2020
How a Second Stimulus Check Could Differ from Your First One
Tax Breaks

How a Second Stimulus Check Could Differ from Your First One

The HEROES Act, which the House passed in May, would authorize another round of stimulus checks. While the new payments would be similar to the first …
August 11, 2020