taxes

7 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

7 Money-Smart Ways to Spend Your Tax Refund

Since this year's tax deadline was pushed back to May 17, many people are just now filing their tax return. That means there are a lot of tax refunds …
May 8, 2021
IRS Extends Tax Deadlines for Alabama and Kentucky Storm Victims
Tax Breaks

IRS Extends Tax Deadlines for Alabama and Kentucky Storm Victims

Following FEMA's recent disaster declarations for severe storms in Alabama and Kentucky, victims of the storms in those states get more time to file a…
May 7, 2021
9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)
tax filing

9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)

Although you might not be required to file a tax return, it might be wise to file one anyway. Here are a few reasons why.
May 7, 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.
May 6, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
May 6, 2021

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Taxes, Taxes and More Taxes
tax planning

Taxes, Taxes and More Taxes

In light of the recent proposals by President Biden and Sens. Bernie Sanders and Chris Van Hollen, here’s what could be coming and some ideas on how t…
May 4, 2021
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
tax deadline

9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)

Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by May 17 than just filing your federal in…
May 4, 2021
Why Today’s Retirees Need to Pursue Tax-Minimization Strategies
tax planning

Why Today’s Retirees Need to Pursue Tax-Minimization Strategies

IRAs are the name of the game for today’s retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with maj…
May 4, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

Your retirement contributions could be the key to a lower tax bill.
May 3, 2021
10 States with the Highest Gas Taxes
taxes

10 States with the Highest Gas Taxes

COVID-19 has made us appreciate driving our cars more, but filling up the tank will cost you more in these state.
May 3, 2021
Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
May 3, 2021
Tax Day 2021: When's the Last Day to File Taxes?
tax deadline

Tax Day 2021: When's the Last Day to File Taxes?

Like last year, the IRS pushed the tax deadline back this year because of the pandemic. But your 2020 federal tax return is now due soon.
May 3, 2021
3 Reasons Not to Fear the Biden Tax Hikes
Politics

3 Reasons Not to Fear the Biden Tax Hikes

A lot of people are getting all worked up over President Biden's plan to raise taxes. Here are some reasons to chill.
May 3, 2021
Kentucky Derby: Tax Tips for Gambling Winnings and Losses
taxes

Kentucky Derby: Tax Tips for Gambling Winnings and Losses

If you picked the right horse and won some money on the Kentucky Derby, don't forget that the IRS wants a cut of your winnings.
May 2, 2021
Refunds for $10,200 Unemployment Tax Break to Begin This Month
Coronavirus and Your Money

Refunds for $10,200 Unemployment Tax Break to Begin This Month

The IRS will start issuing automatic refunds sometime in May to people eligible for the unemployment benefit tax exemption.
May 1, 2021
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
Politics

7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)

How would wealthier Americans pay more in taxes under President Biden's American Families Plan? Let us count the ways.
April 30, 2021
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
tax deadline

Taxes Aren't Due Yet, But You Might Want to File Now Anyway

Even though this year's tax deadline has been extended, there are still plenty of good reasons to file your taxes now.
April 30, 2021
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
Tax Breaks

More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan

President Biden's American Families Plan extends several popular tax credits that benefit low-income and middle-class families.
April 29, 2021
Biden Hopes to Eliminate Stepped-Up Basis for Millionaires
Tax Breaks

Biden Hopes to Eliminate Stepped-Up Basis for Millionaires

As part of his American Families Plan, President Biden wants to change the way capital assets are taxed when you die.
April 28, 2021
Biden Calls for Capital Gains Tax Hike
Politics

Biden Calls for Capital Gains Tax Hike

As expected, President Biden included a capital gains tax increase for millionaires in his American Families Plan.
April 28, 2021
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025
Tax Breaks

Biden Wants to Extend the $3,600 Child Tax Credit Through 2025

If President Biden's proposal is enacted, eligible families could receive monthly payments for years.
April 28, 2021
Is Your Financial Plan Ready for Higher Taxes?
tax planning

Is Your Financial Plan Ready for Higher Taxes?

The best plans anticipate what’s to come, and right now it’s looking more and more likely that the future could hold higher taxes, especially for the …
April 28, 2021
What are "Plus-Up" Payments (And Will You Get One)?
Coronavirus and Your Money

What are "Plus-Up" Payments (And Will You Get One)?

Some people who already received a third stimulus check will get an additional payment from the IRS. Will you be one of them?
April 27, 2021
Who's Not Eligible For a Third Stimulus Check
Coronavirus and Your Money

Who's Not Eligible For a Third Stimulus Check

Not everyone will get a third stimulus check. See if you're on the list of people who aren't eligible for a third-round payment.
April 23, 2021
What Are the Capital Gains Tax Rates for 2020 and 2021?
capital gains tax

What Are the Capital Gains Tax Rates for 2020 and 2021?

Which tax rate applies to your long-term capital gains depends on your taxable income.
April 22, 2021