taxes

10 States with the Highest Gas Taxes
state tax

10 States with the Highest Gas Taxes

Whether you're simply saving a few bucks while road-tripping or saving big bucks on regular fill-ups all year long, crossing state lines for gas can p…
December 3, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
December 3, 2021
How 10 Types of Retirement Income Get Taxed
retirement

How 10 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
December 3, 2021
12 States That Tax Social Security Benefits
social security

12 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in one of these states, your Social Security benefits may be subject to state taxes.
December 2, 2021
18 States With Scary Death Taxes
inheritance

18 States With Scary Death Taxes

Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes t…
December 2, 2021

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Child Tax Credit Payment Schedule for the Rest of 2021
Tax Breaks

Child Tax Credit Payment Schedule for the Rest of 2021

The IRS has already sent five batches of monthly child tax credit payments. Here's when you can expect the final payment.
November 24, 2021
Final Child Tax Credit Payment Opt-Out Deadline is November 29
Tax Breaks

Final Child Tax Credit Payment Opt-Out Deadline is November 29

The due date for opting out of the December 15 monthly child credit payments is almost here. Missing the deadline could cost you in the long run.
November 24, 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.
November 22, 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.
November 22, 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 exempt…
November 22, 2021
The Biden Tax Plan: How the Build Back Better Act Could Affect Your Tax Bill
Politics

The Biden Tax Plan: How the Build Back Better Act Could Affect Your Tax Bill

Depending on your income, the Build Back Better Act recently passed by the House could boost or cut your future tax bills.
November 22, 2021
19 Believe It or Not Tax Breaks
Tax Breaks

19 Believe It or Not Tax Breaks

Your fellow taxpayers have successfully claimed write-offs for many things that most of us wouldn't even imagine. But be careful if you plan on follow…
November 22, 2021
Year-End Tax Planning Comes with a Twist in 2021
tax planning

Year-End Tax Planning Comes with a Twist in 2021

Some of the most common strategies people use to hold their taxes down are being turned on their ears this year, thanks to possible changes in tax law…
November 21, 2021
10 Most Tax-Friendly States for Retirees
retirement

10 Most Tax-Friendly States for Retirees

If you want your retirement savings to last longer, consider moving to one of these states that impose the lowest taxes on retirees.
November 19, 2021
Child Tax Credit 2022: How Next Year's Credit Could Be Different
Tax Breaks

Child Tax Credit 2022: How Next Year's Credit Could Be Different

President Biden wants to extend the enhancements made to the 2021 child tax credit – but with some important differences.
November 19, 2021
State-by-State Guide to Taxes on Middle-Class Families
state tax

State-by-State Guide to Taxes on Middle-Class Families

State tax rates and rules for income, sales, gas, property, cigarette, and other taxes that impact middle-class families.
November 19, 2021
The 10 Least Tax-Friendly States for Middle-Class Families
state tax

The 10 Least Tax-Friendly States for Middle-Class Families

It can cost you thousands of dollars each year if you fail to consider state and local taxes before moving your family from one state to another.
November 19, 2021
The 10 Most Tax-Friendly States for Middle-Class Families
state tax

The 10 Most Tax-Friendly States for Middle-Class Families

If you're thinking about changing jobs and moving to a different state, you could save big bucks by relocating to one of these states where the tax bi…
November 19, 2021
10 States With the Highest Sales Taxes
state tax

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.
November 19, 2021
5 States With No State Sales Tax
Tax Breaks

5 States With No State Sales Tax

A handful of states don't impose a sales tax, but that doesn't necessarily make them the best states for low taxes.
November 19, 2021
5 Year-End Moves to Help Retirees Trim Their Tax Bill
taxes

5 Year-End Moves to Help Retirees Trim Their Tax Bill

The end of the year is a great time to start thinking about next year's tax bill. Here are some strategies on how to reduce what you will owe Uncle Sa…
November 17, 2021
Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return
Tax Breaks

Teachers Can Deduct COVID-Prevention Supplies on Their Tax Return

Eligible educators can write off expenses for COVID-19 protective items that help stop the spread of the virus in the classroom.
November 17, 2021
An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks
required minimum distributions (RMDs)

An RMD Deadline is Looming – And Missing It Could Cost You Big Bucks

If you're age 72 or older, take your required minimum distribution now to avoid a big penalty or a double-dip next year.
November 17, 2021
Will Our ‘Tax Party’ Soon Be Over? If So, What Happens Next?
tax planning

Will Our ‘Tax Party’ Soon Be Over? If So, What Happens Next?

Higher taxes could be on the way, sooner rather than later. So anyone worried that their estates or their retirement savings could take a big hit shou…
November 17, 2021
19 Nice-Try Tax Breaks Rejected by the IRS
taxes

19 Nice-Try Tax Breaks Rejected by the IRS

Everyone wants to lower their tax bill – but sometimes people try a little too hard.
November 16, 2021