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taxes

The Lowdown on Capital Gains Tax Rates for 2020 and Beyond
Financial Planning

The Lowdown on Capital Gains Tax Rates for 2020 and Beyond

Rates for long-term capital gains are based on set income thresholds that are adjusted annually for inflation.
August 11, 2020
How a Second Stimulus Check Could Differ from Your First One
Tax Breaks

How a Second Stimulus Check Could Differ from Your First One

The HEROES Act, which the House passed in May, would authorize another round of stimulus checks. While the new payments would be similar to the first …
August 11, 2020
What Trump's Payroll Tax Cut Will Mean for You
Tax Breaks

What Trump's Payroll Tax Cut Will Mean for You

President Trump issued an executive order to suspend the collection of Social Security payroll taxes. How much will it save you?
August 10, 2020
What a Payroll Tax Cut Would Mean for You
Tax Breaks

What a Payroll Tax Cut Would Mean for You

If Congress can't pass another stimulus bill, President Trump says he will initiate a payroll tax cut by executive order. How much would that save you…
August 8, 2020
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Tax-Free Weekend Savings from August 7 to 9
Tax Breaks

Tax-Free Weekend Savings from August 7 to 9

Florida, Iowa, Maryland, Missouri, New Mexico, Ohio, Oklahoma, South Carolina, Texas, and Virginia are holding (or starting) 2020 sales tax holidays t…
August 7, 2020

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Tax-Free Weekend Dates, States and Savings for Back-to-School Shopping
Tax Breaks

Tax-Free Weekend Dates, States and Savings 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.
August 4, 2020
Sales Tax Holidays in 2020
Tax Breaks

Sales Tax Holidays in 2020

Sixteen states are having sales tax holidays this year. If you plan your shopping around these tax-free periods, you can save big on back-to-school cl…
August 4, 2020
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Calculating Taxes on Social Security Benefits
social security

Calculating Taxes on Social Security Benefits

Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
August 4, 2020
Understanding Tax Planning
tax planning

Understanding Tax Planning

The importance of tax planning goes beyond keeping cash out of Uncle Sam’s hands. You’re also preparing yourself for a secure retirement. Here are a c…
August 3, 2020
5 Tips to Minimize Your Taxes in Retirement
tax planning

5 Tips to Minimize Your Taxes in Retirement

Don’t pay more than you have to. It all starts with a thorough understanding of the basics of how retirement income is taxed.
August 2, 2020
6 Money-Smart Ways to Spend Your Stimulus Check
Tax Breaks

6 Money-Smart Ways to Spend Your Stimulus Check

If you don't have to use your stimulus check for basic necessities, consider putting the money to work for you. You'll thank yourself later.
July 30, 2020
New Family-Focused Stimulus Check Plan Introduced by Four Republican Senators
taxes

New Family-Focused Stimulus Check Plan Introduced by Four Republican Senators

The proposal from Senators Cassidy, Daines, Romney and Rubio would provide $1,000 payments to all American citizens, regardless of age or dependent st…
July 30, 2020
Stimulus Check Smackdown: HEALS Act vs. HEROES Act
taxes

Stimulus Check Smackdown: HEALS Act vs. HEROES Act

Which stimulus check plan will come out on top: The lean and mean HEALS Act version, or the beefy HEROES Act challenger?
July 30, 2020
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Second Stimulus Check Update: HEALS Act vs. CARES Act
taxes

Second Stimulus Check Update: HEALS Act vs. CARES Act

When compared to first-round payments, the new Republican stimulus check proposal expands and protects payments for some people, but it shuts the door…
July 29, 2020
Second Stimulus Check Update: Republican Plan to Include Next-Round Payments for Dependents
taxes

Second Stimulus Check Update: Republican Plan to Include Next-Round Payments for Dependents

If the HEALS Act is passed, some people would get a second-round stimulus check that is larger than the first check they received under the CARES Act.
July 28, 2020
3 Ways to Save on Your Tax Bill Going Forward
taxes

3 Ways to Save on Your Tax Bill Going Forward

The tax deadline was July 15 this year, and if you found yourself paying the IRS more than you’d like, it’s time to focus on tax planning. There are m…
July 27, 2020
Second Stimulus Check Update: Your Next Stimulus Check Could Be Just Like the Last One
taxes

Second Stimulus Check Update: Your Next Stimulus Check Could Be Just Like the Last One

It appears as if Republican Senators and White House negotiators are leaning toward a second round of stimulus checks that would mirror the first roun…
July 23, 2020
Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
July 22, 2020
8 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

8 Money-Smart Ways to Spend Your Tax Refund

Since this year's tax deadline was pushed back to July 15, many people just recently filed their tax return. That means there are a lot of tax refunds…
July 17, 2020
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Miss the Tax Deadline? What to Do If You Forgot to File Your Taxes
tax deadline

Miss the Tax Deadline? What to Do If You Forgot to File Your Taxes

If you owe Uncle Sam money, filing your tax return late (or never) can come with costly complications.
July 16, 2020
How Long Should You Keep Tax Records?
taxes

How Long Should You Keep Tax Records?

Save your tax documents at least until the time limit for an audit runs out—and hold on to some records even longer.
July 16, 2020
Tax Extension: How to Get More Time to File Your Tax Return
tax deadline

Tax Extension: How to Get More Time to File Your Tax Return

If you can't wrap up your tax return by today's deadline, it's easy to buy yourself more time.
July 15, 2020
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, at least know how much time you have.
July 15, 2020
Tax Day is Here! File Your Tax Return Today or Face the Consequences
tax deadline

Tax Day is Here! File Your Tax Return Today or Face the Consequences

Stiff penalties await those who don't file their return (or pay any tax owed) by midnight tonight.
July 15, 2020
File a Tax Extension Now to Beat Today's Deadline
tax deadline

File a Tax Extension Now to Beat Today's Deadline

If you need more time to file your federal income tax return, you need to act now to avoid interest and penalties.
July 15, 2020