taxes
How and When to Opt-Out of Monthly Child Tax Credit Payments
How and When to Opt-Out of Monthly Child Tax Credit Payments
If you want to stop advance payments of the 2021 child tax credit, you have to opt-out using the IRS's online tool before the monthly deadline.
September 22, 2021
Child Tax Credit 2021: How Much Will I Get? When Will Monthly Payments Arrive? And Other FAQs
Child Tax Credit 2021: How Much Will I Get? When Will Monthly Payments Arrive? And Other FAQs
People have lots of questions about the $3,000 or $3,600 child tax credit and the advance payments that the IRS is sending monthly to most families – …
September 22, 2021
How to Change Your Address for Monthly Child Tax Credit Payments
How to Change Your Address for Monthly Child Tax Credit Payments
If you're receiving paper checks in the mail for your child tax credit payment, you can use the IRS's online portal to update your address.
September 22, 2021
21 IRS Audit Red Flags
21 IRS Audit Red Flags
These actions and tax positions could increase your chances of the IRS selecting your return for audit.
September 22, 2021
Taxes on Unemployment Benefits: A State-by-State Guide
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.
September 21, 2021
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Another Child Tax Credit Payment is Being Sent Today
Another Child Tax Credit Payment is Being Sent Today
The IRS is delivering another round of monthly child tax credit payments today. Most families will receive their payment by direct deposit.
September 15, 2021
Estimated Tax Payments Are Due Today
Estimated Tax Payments Are Due Today
The deadline for submitting your third estimated tax payment of 2021 is here, so get your payments in today.
September 15, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
What Are the Income Tax Brackets for 2021 vs. 2020?
There are seven different federal income tax brackets for your 2021 tax return – each with its own marginal tax rate. Which bracket you end up in for …
September 14, 2021
When Are 2021 Estimated Tax Payments Due?
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…
September 14, 2021
The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
September 14, 2021
Tax Relief Available for Hurricane Ida Victims
Tax Relief Available for Hurricane Ida Victims
People and businesses in Louisiana, Mississippi, New Jersey, New York and Pennsylvania impacted by Hurricane Ida get more time to file and pay certain…
September 13, 2021
When Retirees Need to File an Amended Tax Return
When Retirees Need to File an Amended Tax Return
Realizing that you made a mistake after filing your tax return can be panic-inducing for retirees (or anyone else). But don't stress. You may not need…
September 13, 2021
Are You Taking Advantage of the Current ‘Tax Holiday’?
Are You Taking Advantage of the Current ‘Tax Holiday’?
The tax picture is scheduled to change in the not-too-distant future, so now is a good time to make some moves to capitalize.
September 12, 2021
COVID-19 Home Test Kits and PPE are Tax Deductible
COVID-19 Home Test Kits and PPE are Tax Deductible
You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.
September 11, 2021
3 Ways to Avoid a Big Fat Tax Surprise in April
3 Ways to Avoid a Big Fat Tax Surprise in April
High-earning executives getting stock awards and bonuses in 2021 need to be prepared for the tax bills that will come with them. Here’s how to head of…
September 2, 2021
10 Things Every Worker Needs to Know About the W-4 Form
10 Things Every Worker Needs to Know About the W-4 Form
Anyone who has started a new job will know about filling out a W-4 form. Your new boss will use that information to calculate how much tax to withhold…
August 31, 2021
10 States With the Highest Sales Taxes
10 States With the Highest Sales Taxes
When both state and local taxes are considered, you'll pay more sales tax when shopping in these states.
August 31, 2021
The 10 Most Tax-Friendly States for Middle-Class Families
The 10 Most Tax-Friendly States for Middle-Class Families
If a move from one state to another is in your future, you could save big bucks by relocating to one of these states where the tax bite is light for m…
August 31, 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.
August 31, 2021
The 10 Least Tax-Friendly States for Military Retirees
The 10 Least Tax-Friendly States for Military Retirees
Unfortunately, some states aren't very generous when it comes to helping retired veterans at tax time.
August 31, 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 exempt…
August 31, 2021
Tax-Smart Charitable Gifting Strategies
Tax-Smart Charitable Gifting Strategies
Take advantage of the current tax rules to support the charities you care about and save on your taxes at the same time. Here are a couple of notewort…
August 29, 2021
Tax Deadlines Extended for Tennessee Flood Victims
Tax Deadlines Extended for Tennessee Flood Victims
Residents and businesses impacted by the recent storms and flooding in Tennessee get more time to file and pay certain federal taxes.
August 28, 2021
Tax Relief Available for California Wildfire Victims
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.
August 28, 2021
IRS Extends Tax Deadlines for Louisiana Storm Victims
IRS Extends Tax Deadlines for Louisiana Storm Victims
Following FEMA's recent disaster declaration for severe storms and flooding Louisiana, impacted taxpayers get more time to file and pay certain federa…
August 27, 2021