Tax Breaks

5 States With No State Sales Tax
Tax Breaks

5 States With No State Sales Tax

A handful of states don't impose a sales tax, but that doesn't necessarily make them the best states for low taxes.
July 27, 2021
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 one state taxes some dividends and interest). But …
July 27, 2021
Taxes in Retirement: How All 50 States Tax Retirees
Tax Breaks

Taxes in Retirement: How All 50 States Tax Retirees

We rated every state, plus Washington, D.C., on how retirees are taxed. We considered taxes on Social Security and other retirement income, tax exempt…
July 26, 2021
58-Year-Old Landlord Says Goodbye to Tenants
Tax Breaks

58-Year-Old Landlord Says Goodbye to Tenants

How Delaware Statutory Trusts (DSTs) are helping retirees find time and freedom. Here's one couple’s story of gaining their freedom by quitting the la…
July 23, 2021
IRS Is Sending More Unemployment Tax Refund Checks This Summer
Coronavirus and Your Money

IRS Is Sending More Unemployment Tax Refund Checks This Summer

Uncle Sam has already sent tax refunds to millions of Americans who are eligible for the $10,200 unemployment compensation tax exemption. More payment…
July 22, 2021

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When Will Your Next Monthly Child Tax Credit Payment Arrive?
Tax Breaks

When Will Your Next Monthly Child Tax Credit Payment Arrive?

The IRS has already sent one batch of advance child tax credit payments. Here's when you can expect the rest of your payments to be issued.
July 16, 2021
When to Opt-Out of Monthly Child Tax Credit Payments
Tax Breaks

When to Opt-Out of Monthly Child Tax Credit Payments

If you want to stop advance payments of the 2021 child tax credit, you have to opt-out using the IRS's online tool before the monthly deadline.
July 15, 2021
Get the Most from the Expanded Child Tax Credit
Tax Breaks

Get the Most from the Expanded Child Tax Credit

The latest government stimulus is a much-more generous child tax credit, with a new twist: The IRS is going to send you money each month, if you're el…
July 15, 2021
Are You Getting a Monthly Payment for Your Kids? Check the IRS's Child Tax Credit Portal
Tax Breaks

Are You Getting a Monthly Payment for Your Kids? Check the IRS's Child Tax Credit Portal

The IRS has an online tool that will help you track and manage your monthly child tax credit payments (although it's not fully functional yet).
July 15, 2021
Who Won't Get Monthly Child Tax Credit Payments (Not Every Parent is Eligible)
Tax Breaks

Who Won't Get Monthly Child Tax Credit Payments (Not Every Parent is Eligible)

The IRS started sending advance child tax credit payments on July 15. Here's why some families won't receive these monthly payments.
July 15, 2021
9 Reasons to File a Tax Return Even If You Don't Have To
tax filing

9 Reasons to File a Tax Return Even If You Don't Have To

Although you might not be required to file a tax return, it might be wise to file one today anyway. Here are a few reasons why.
July 14, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

How big will your child tax credit be on your 2021 tax return? How much will you get each month in advance payments? Our calculator will give you the …
July 14, 2021
Tax-Free Weekends (or Weeks) for Back-to-School Shopping
Tax Breaks

Tax-Free Weekends (or Weeks) for Back-to-School Shopping

Sales tax holidays are a great way to save money on clothes, shoes, backpacks, school supplies, and other back-to-school necessities.
July 12, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
July 1, 2021
Know the Rules for Renting Out Your Vacation Home
Becoming a Homeowner

Know the Rules for Renting Out Your Vacation Home

Make sure you understand when you must pay taxes on rental income you earn and when you can deduct expenses for the upkeep of the property.
June 30, 2021
12 States That Won't Tax Your Retirement Income
Tax Breaks

12 States That Won't Tax Your Retirement Income

Retirees can save a lot of money in these states that completely exempt the most common types of retirement income – 401(k)s, IRAs and pensions – from…
June 30, 2021
14 States That Won't Tax Your Pension
Tax Breaks

14 States That Won't Tax Your Pension

Some states have pension exclusions with limitations based on age and/or income. But these states don't tax pension income at all, no matter how old y…
June 30, 2021
How to Invest for a Higher-Tax Future
Tax Breaks

How to Invest for a Higher-Tax Future

Use these strategies to boost your after-tax returns.
June 24, 2021
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.
June 23, 2021
Child Tax Credit 2021: Opting Out of Monthly Payments
Tax Breaks

Child Tax Credit 2021: Opting Out of Monthly Payments

The IRS has a new tool for eligible families who want to opt out of the $250 or $300 monthly child tax credit payment.
June 22, 2021
How to Get Child Tax Credit Payments if You Don't File a Tax Return
Tax Breaks

How to Get Child Tax Credit Payments if You Don't File a Tax Return

Child tax credit payments are generally based on information from 2020 or 2019 returns, but non-filers can still get payments. The easiest way is to u…
June 14, 2021
Child Care Credit Expanded for 2021 (Up to $8,000 Available!)
Tax Breaks

Child Care Credit Expanded for 2021 (Up to $8,000 Available!)

For this year only (so far), families with young children can get a bigger tax credit for childcare expenses. And more families will qualify for the c…
June 12, 2021
Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims
Tax Breaks

Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims

Following FEMA's disaster declarations for winter storms in Texas, Oklahoma and Louisiana, victims of the storms in those states get more time to file…
June 10, 2021
IRS Extends Tax Deadlines for Louisiana Storm Victims
Tax Breaks

IRS Extends Tax Deadlines for Louisiana Storm Victims

Following FEMA's recent disaster declaration for severe storms and flooding Louisiana, impacted taxpayers get more time to file and pay certain federa…
June 10, 2021
Child Tax Credit Update: IRS Sending Letters to Families Who May Get Monthly Payments
Tax Breaks

Child Tax Credit Update: IRS Sending Letters to Families Who May Get Monthly Payments

The IRS has identified over 36 million families that may qualify for monthly child tax credit payments of up to $300 per child. The payments will begi…
June 7, 2021