Tax Tips

Final Estimated Tax Payment For 2021 Is Due Today
tax deadline

Final Estimated Tax Payment For 2021 Is Due Today

The deadline for submitting your fourth and final estimated tax payment for 2021 is here, so get your payments in now.
January 18, 2022
What Are the Capital Gains Tax Rates for 2021 vs. 2022?
capital gains tax

What Are the Capital Gains Tax Rates for 2021 vs. 2022?

Which tax rate applies to your long-term capital gains depends on your taxable income. Rates for short-term capital gains are higher.
January 14, 2022
What's the Standard Deduction for 2021 vs. 2022?
Tax Breaks

What's the Standard Deduction for 2021 vs. 2022?

If you're like most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions.
January 14, 2022
Will Monthly Child Tax Credit Payments Be Renewed in 2022?
Tax Breaks

Will Monthly Child Tax Credit Payments Be Renewed in 2022?

There will be more child tax credit payments this year if the Build Back Better Act is signed into law. But will the bill get through Congress?
January 14, 2022
What Are the Income Tax Brackets for 2021 vs. 2022?
tax brackets

What Are the Income Tax Brackets for 2021 vs. 2022?

For both years, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate – depending on your taxable…
January 14, 2022

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Tax Day 2022: When's the Last Day to File Taxes?
tax deadline

Tax Day 2022: When's the Last Day to File Taxes?

Federal income tax returns are due April 18 for most taxpayers. But some people have a little extra time – are you one of them?
January 14, 2022
Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return
Tax Breaks

Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return

Many families with young children will get a bigger tax credit for last year's childcare expenses. And more families will qualify for the credit, too.
January 13, 2022
When Are 2021 Estimated Tax Payments Due?
tax deadline

When Are 2021 Estimated Tax Payments Due?

If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
January 12, 2022
2022 Tax Calendar: Important Tax Due Dates and Deadlines
tax deadline

2022 Tax Calendar: Important Tax Due Dates and Deadlines

Know the tax deadlines that apply to you, so you don't get hit with IRS penalties or miss out on a valuable tax break.
January 12, 2022
Tax Deadlines Extended for Washington Flooding and Mudslide Victims
Tax Breaks

Tax Deadlines Extended for Washington Flooding and Mudslide Victims

FEMA's recent disaster declaration opens door for extended federal tax filing and payment deadlines for victims of the November 13 flooding and mudsli…
January 12, 2022
When Can You File Your Taxes This Year?
tax filing

When Can You File Your Taxes This Year?

If you're an early bird when it comes to filing your tax return, you won't have to wait much longer before the IRS will accept your return.
January 10, 2022
Colorado Wildfire Victims Get More Time to Pay Taxes
Tax Breaks

Colorado Wildfire Victims Get More Time to Pay Taxes

Certain tax filing and payment deadlines are extended for residents and businesses impacted by the Colorado wildfires that started in December.
January 3, 2022
Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims
Tax Breaks

Tax Relief Available for Arkansas, Illinois, Kentucky and Tennessee Tornado Victims

The IRS is granting people and businesses impacted by the December storms and tornadoes more time to file and pay certain federal taxes.
January 3, 2022
Income Tax Brackets for 2022 Are Set
tax brackets

Income Tax Brackets for 2022 Are Set

Although the tax rates didn't change, the tax bracket income ranges for the 2022 tax year are adjusted to account for inflation.
December 29, 2021
Tax Deadlines Extended for Alabama Storm and Flooding Victims
Tax Breaks

Tax Deadlines Extended for Alabama Storm and Flooding Victims

Federal tax filing and payment deadlines are extended for victims of the October 6 storms and flooding in Alabama.
December 29, 2021
Tax Relief for Hurricane Ida Victims Extended to Feb. 15
Tax Breaks

Tax Relief for Hurricane Ida Victims Extended to Feb. 15

People and businesses in Connecticut, Louisiana, Mississippi, New Jersey, New York and Pennsylvania impacted by Hurricane Ida get more time to file an…
December 27, 2021
Tax Relief Available for California Wildfire Victims
Tax Breaks

Tax Relief Available for California Wildfire Victims

Following FEMA's recent disaster declaration, residents and businesses impacted by the California wildfires get more time to file and pay taxes.
December 27, 2021
Will You Have to Pay Back Your Child Tax Credit Payments?
Tax Breaks

Will You Have to Pay Back Your Child Tax Credit Payments?

If you got too much money from the IRS, you might have to repay some (or all) of the monthly child tax credit payments you received this year.
December 18, 2021
Child Tax Credit Payment Schedule for 2021
Tax Breaks

Child Tax Credit Payment Schedule for 2021

The IRS sent six monthly child tax credit payments in 2021. Will they send any more in 2022?
December 16, 2021
Last Child Tax Credit Payment in 2021 Sent December 15
Tax Breaks

Last Child Tax Credit Payment in 2021 Sent December 15

The IRS is delivering the last round of monthly child tax credit payments in 2021.
December 15, 2021
Give Cash Now, Cut Your Estate Tax Later
taxes

Give Cash Now, Cut Your Estate Tax Later

During this season of giving, take advantage of the annual gift tax exclusion before the year ends.
December 2, 2021
Final Child Tax Credit Payment Opt-Out Deadline is November 29
Tax Breaks

Final Child Tax Credit Payment Opt-Out Deadline is November 29

The due date for opting out of the December 15 monthly child credit payments is almost here. Missing the deadline could cost you in the long run.
November 24, 2021
5 Year-End Moves to Help Retirees Trim Their Tax Bill
taxes

5 Year-End Moves to Help Retirees Trim Their Tax Bill

The end of the year is a great time to start thinking about next year's tax bill. Here are some strategies on how to reduce what you will owe Uncle Sa…
November 17, 2021
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks

Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return

Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
November 17, 2021
An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs)

An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks

If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
November 17, 2021
Child Tax Credit Payment Deadline: Get Up to $1,800 Per Child If You Act Today
Tax Breaks

Child Tax Credit Payment Deadline: Get Up to $1,800 Per Child If You Act Today

There's only a few hours left for people who normally don't need to file a tax return to sign up for an advance child tax credit payment.
November 15, 2021