Tax Tips

Biden Proposes Gas Tax Holiday, Urges States to Do the Same
Tax Breaks

Biden Proposes Gas Tax Holiday, Urges States to Do the Same

The proposed three-month federal gas tax holiday would bring down the price of gasoline slightly, while state gas tax holidays could reduce the price …
June 22, 2022
Estimated Tax Payments Are Due Today
tax deadline

Estimated Tax Payments Are Due Today

The deadline for submitting your second estimated tax payment for 2022 is here, so get your payments in now.
June 15, 2022
When Are 2022 Estimated Tax Payments Due?
tax deadline

When Are 2022 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…
June 10, 2022
IRS Increases Mileage Rates Because of High Gas Prices
Tax Breaks

IRS Increases Mileage Rates Because of High Gas Prices

The higher mileage rates, which are used to calculate certain tax deductions for business and other uses of a car, will take effect on July 1.
June 10, 2022
Getting Married? Let's Talk Taxes
Getting Married

Getting Married? Let's Talk Taxes

Taxes are different when you're married vs. single. Get up-to-speed now on the tax changes you'll see after tying the knot.
June 3, 2022

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Where's My Refund? How to Track Your Tax Refund Status
tax refunds

Where's My Refund? How to Track Your Tax Refund Status

The IRS has an online tool that lets you track the status of your tax refund.
May 25, 2022
Which States' Taxes Are Going Down
Tax Breaks

Which States' Taxes Are Going Down

State lawmakers are cutting income, sales and property taxes to return budget surpluses to residents.
May 25, 2022
Charitable Tax Deductions: An Additional Reward for the Gift of Giving
Tax Breaks

Charitable Tax Deductions: An Additional Reward for the Gift of Giving

With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
May 19, 2022
No Tax for Donating Leave to Ukraine Victims
Tax Breaks

No Tax for Donating Leave to Ukraine Victims

Vacation, sick, or personal leave donated to help victims of the Russian invasion of Ukraine won't be treated as taxable income.
May 19, 2022
Tax Day 2022: When Was the Last Day to File Your Taxes (For Most People)
tax deadline

Tax Day 2022: When Was the Last Day to File Your Taxes (For Most People)

Federal income tax returns were due April 18 for most of us. But some people have some extra time to file – are you one of them?
May 13, 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.
May 13, 2022
New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Tax Breaks

New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes

Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mex…
May 13, 2022
HSA Contribution Limits and Other Requirements
health savings accounts

HSA Contribution Limits and Other Requirements

Annually adjusted contribution limits and other requirements must be met if you're covering health care costs with a Health Savings Account.
April 29, 2022
HSA Contribution Limits for 2023 Are Out
health savings accounts

HSA Contribution Limits for 2023 Are Out

The IRS released the contribution limits, annual deductibles for health plans, and out-of-pocket expense limits for 2023 health savings accounts.
April 29, 2022
What's the Standard Deduction for 2022 vs. 2021?
Tax Breaks

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

If you're planning ahead for next year's tax return, see if your 2022 standard deduction will be higher than it was for 2021.
April 28, 2022
What Happens if You Missed the Tax Deadline?
tax deadline

What Happens if You Missed the Tax Deadline?

If you owe Uncle Sam money, filing your tax return late (or never) can cost you big bucks.
April 20, 2022
Need More Time to File Your Taxes? Here's How to Get an Extension
tax deadline

Need More Time to File Your Taxes? Here's How to Get an Extension

If you can't wrap up your federal tax return by the annual deadline, it's easy to buy yourself more time by filing a tax extension.
April 20, 2022
Top Off Your HSA Today and Lower Your Tax Bill (While There's Still Time)
Tax Breaks

Top Off Your HSA Today and Lower Your Tax Bill (While There's Still Time)

If you haven't already contributed the full amount to your HSA for 2021, today is the last day to do so and reduce your taxes at the same time.
April 18, 2022
What Time is the Tax Deadline Today?
tax deadline

What Time is the Tax Deadline Today?

If you're waiting until the last possible minute to file your tax return, you should at least know how much time you have.
April 18, 2022
Is Your Stimulus Check Taxable?
taxable income

Is Your Stimulus Check Taxable?

You may be wondering if you have to pay taxes on your third stimulus check. The answer may surprise you.
April 14, 2022
Stimulus Check Money is Still Available…But You Must File a Tax Return to Get It
Tax Breaks

Stimulus Check Money is Still Available…But You Must File a Tax Return to Get It

If you didn't get a third stimulus check last year – or you didn't get the full amount – you may be able to cash in when you file your tax return this…
April 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, there are seven different federal income tax brackets – each with its own marginal tax rate. Which bracket you end up in depends on yo…
April 10, 2022
There's Still Time to Contribute to Your IRA and Cut Your Taxes
Tax Breaks

There's Still Time to Contribute to Your IRA and Cut Your Taxes

Although you need to act quickly, you still have time to make a 2021 IRA contribution and lower your tax bill.
April 6, 2022
Claim Your 2018 Tax Refund Now – Or Lose It Forever
tax refunds

Claim Your 2018 Tax Refund Now – Or Lose It Forever

There are about 1.5 million unclaimed 2018 tax refunds worth roughly $1.5 billion…but you need to act fast if any of that money is yours.
April 5, 2022
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 in monthly child tax credit payments last year, you might have to repay some (or all) of the money when you file your tax return t…
April 5, 2022
Why Your Tax Refund Could Be Bigger This Year
tax refunds

Why Your Tax Refund Could Be Bigger This Year

Expanded credits and stimulus checks are boosting some tax refunds this year. But if you get a big refund, consider investing it.
April 4, 2022