taxes

9 Reasons to File a Tax Return Even If You Don't Have To (Warning: They're Due Tomorrow!)
tax filing

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

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 16, 2021
9 Tax Deadlines for May 17 (Tomorrow Isn't Just the Due Date for Your Tax Return)
tax deadline

9 Tax Deadlines for May 17 (Tomorrow Isn't 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 tomorrow's tax deadline than just filin…
May 16, 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 15, 2021
Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims
Tax Breaks

Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims

Following FEMA's disaster declarations for winter storms in Texas, Oklahoma and Louisiana, victims of the storms in those states get more time to file…
May 15, 2021
IRS Extends Tax Deadlines for Alabama, Kentucky and Tennessee Storm Victims
Tax Breaks

IRS Extends Tax Deadlines for Alabama, Kentucky and Tennessee Storm Victims

Following FEMA's recent disaster declarations for severe storms in Alabama, Kentucky and Tennessee, victims of the storms in those states get more tim…
May 15, 2021

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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 13, 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 13, 2021
Taxes in Retirement: How All 50 States Tax Retirees
Tax Breaks

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…
May 13, 2021
The IRS Has $1.3 Billion in Tax Refund Money That Must Be Claimed by Monday
tax refunds

The IRS Has $1.3 Billion in Tax Refund Money That Must Be Claimed by Monday

There are over 1 million unclaimed 2017 tax refunds…but you need to act fast if any of that money is yours.
May 13, 2021
IRS Gives Truckers a Tax Break in Response to the Colonial Pipeline Shutdown
Tax Breaks

IRS Gives Truckers a Tax Break in Response to the Colonial Pipeline Shutdown

The tax penalty for using dyed diesel fuel for highway use is temporarily suspended.
May 13, 2021
Top Off Your HSA and Lower Your Tax Bill (While There's Still Time)
Tax Breaks

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

If you haven't already contributed the full amount to your HSA for 2020, you have a few more days to do so and reduce your taxes at the same time.
May 12, 2021
Caregivers Should Consider These Tax Breaks
taxes

Caregivers Should Consider These Tax Breaks

Caring for a spouse or a parent can be stressful emotionally and financially, but there are a number of tax breaks that you could benefit from.
May 12, 2021
There's Still Time to Fund Your IRA and Cut Your Taxes
Tax Breaks

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

Although you need to act quickly, you still have time to make a 2020 IRA contribution and lower your tax bill.
May 11, 2021
5 States With No State Sales Tax
Tax Breaks

5 States With No State Sales Tax

Alaska, Delaware, Montana, New Hampshire and Oregon do not impose a state sales tax, but that doesn't necessarily make them the best states for low ta…
May 11, 2021
13 States That Tax Social Security Benefits
social security

13 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on…
May 11, 2021
The 10 Least Tax-Friendly States for Military Retirees
retirement

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.
May 11, 2021
Pros and Cons of Getting a Tax Extension
tax deadline

Pros and Cons of Getting a Tax Extension

You can easily extend your tax return due date from May 17 to October 15…but should you?
May 11, 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 states.
May 11, 2021
HSA Contribution Limits and Other Requirements
health savings accounts

HSA Contribution Limits and Other Requirements

Annually adjusted contribution limits, health plan minimum deductibles, and limits on out-of-pocket medical expenses must be met if you're covering he…
May 10, 2021
HSA Contribution Limits for 2022 Are Out
health savings accounts

HSA Contribution Limits for 2022 Are Out

The IRS released the contribution limits, annual deductibles for health plans, and out-of-pocket expense limits for 2022 health savings accounts.
May 10, 2021
Families with Dependent Care FSAs Get Good News from the IRS
Tax Breaks

Families with Dependent Care FSAs Get Good News from the IRS

You'll still get a tax break if you carried over unused amounts from your dependent care flexible spending account from 2020 to 2021.
May 10, 2021
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 May 17, many people are just now filing their tax return. That means there are a lot of tax refunds …
May 10, 2021
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 the May 17 deadline, it's easy to buy yourself more time.
May 10, 2021
Tax Tips for Last-Minute Filing
tax deadline

Tax Tips for Last-Minute Filing

As you scramble to beat the May 17 tax return filing deadline, here are some pointers to bring your stress level down.
May 10, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
tax brackets

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…
May 9, 2021