taxes
The Current Plan for $1,400 Checks
The Current Plan for $1,400 Checks
Here's what you need to know about the stimulus check plan in President Biden's COVID-relief package.
February 27, 2021
2021 Child Tax Credit Calculator
2021 Child Tax Credit Calculator
See how much money you would get in advance if President Biden's $3,000-per-child tax credit plan is enacted (it was just passed by the House and is n…
February 27, 2021
House Approves $3,000 Child Tax Credit for 2021
House Approves $3,000 Child Tax Credit for 2021
The proposal would temporarily increase the child tax credit to $3,000 or $3,600 per child for most families and have 50% of it paid in advance by the…
February 27, 2021
How Filing Your Tax Return Early (or Late) Could Boost Your Third Stimulus Check
How Filing Your Tax Return Early (or Late) Could Boost Your Third Stimulus Check
Depending on your situation, you might be able to increase your next stimulus check by filing your tax return now or by waiting.
February 27, 2021
Third Stimulus Checks Are One Step Closer to Reality – How Much Will You Get?
Third Stimulus Checks Are One Step Closer to Reality – How Much Will You Get?
The House passed President Biden's $1.9 trillion stimulus package. While the bill faces hurdles in the Senate, the provisions authorizing another roun…
February 27, 2021
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Smart Ways to Cut Your Utility Bills
Smart Ways to Cut Your Utility Bills
Tax breaks and potentially lower home energy costs make these green projects worth a look.
February 24, 2021
33 States with No Estate Taxes or Inheritance Taxes
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.
February 24, 2021
Taxes in Retirement: How All 50 States Tax Retirees
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 exempti…
February 23, 2021
Tax Day 2021: When's the Last Day to File Taxes?
Tax Day 2021: When's the Last Day to File Taxes?
Many people are wondering if Tax Day will be pushed back again this year because of the pandemic. Here's what we know so far.
February 23, 2021
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
Tax Tip: Reporting a 2020 RMD From an IRA That You Later Returned
If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
February 23, 2021
IRS Extends April 15 and Other Tax Deadlines for Texas Residents
IRS Extends April 15 and Other Tax Deadlines for Texas Residents
Following FEMA's recent disaster declaration for winter storms in the Lone Star State, taxpayers in all 254 Texas counties get more time to file and p…
February 22, 2021
Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
Where's My Stimulus Check? Use the IRS's "Get My Payment" Portal to Get an Answer
The IRS has an online tool that lets you track the status of your stimulus checks.
February 19, 2021
Third Stimulus Check Calculator
Third Stimulus Check Calculator
Find out how much your third stimulus check would be if the current $1,400 stimulus check plan is enacted.
February 18, 2021
5 Strategies for Tax Planning Now and in Retirement
5 Strategies for Tax Planning Now and in Retirement
Tax planning is one of the best things you can do to keep more money in your pocket in retirement. There are specific things to consider when planning…
February 18, 2021
What's the Recovery Rebate Credit?
What's the Recovery Rebate Credit?
If you didn't get a stimulus check, or you didn't get the full amount, you may be able to claim the recovery rebate credit on your 2020 tax return to …
February 17, 2021
Why Pay Money to File Your Taxes?
Why Pay Money to File Your Taxes?
Far more people could be filing their federal returns for free; maybe even their state taxes. Also, the latest from Brandon Copeland and the not-so-se…
February 17, 2021
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The Biden Stimulus Plan: Push for a Higher Child Tax Credit Continues
The proposal currently on the table would increase the child tax credit to $3,000 or $3,600 per child and have the IRS pay 50% of it in advance.
February 16, 2021
10 States With the Lowest Gas Taxes
10 States With the Lowest Gas Taxes
Saving money is a marathon not a sprint. And even low gas taxes can help keep money in your pocket.
February 12, 2021
Can You Claim the Home Office Deduction on Your 2020 Tax Return?
Can You Claim the Home Office Deduction on Your 2020 Tax Return?
People working from home because of the pandemic are wondering if they can get a tax deduction out of it. It depends on your employment status.
February 11, 2021
When Can You File Your Taxes This Year? (Hint: It's Very Soon)
When Can You File Your Taxes This Year? (Hint: It's Very Soon)
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.
February 11, 2021
What Are the Capital Gains Tax Rates for 2020 and 2021?
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.
February 10, 2021
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
Third Stimulus Check Update: Democrats (Mostly) Reject "Targeting" of $1,400 Stimulus Checks
House Democrats' latest stimulus check plan applies the same phase-out thresholds used for previous stimulus payments, but families making over $200,0…
February 9, 2021
10 States with the Highest Gas 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.
February 9, 2021
5 Tips for Finding a Tax Preparer
5 Tips for Finding a Tax Preparer
Following these tips will help you weed out the fly-by-night preparers and zero in on the best tax professionals in your area.
February 9, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
What Are the Income Tax Brackets for 2021 vs. 2020?
For both 2020 and 2021, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate – depending on your…
February 9, 2021