taxes

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
June 13, 2021
Child Care Credit Expanded for 2021 (Up to $8,000 Available!)
Tax Breaks

Child Care Credit Expanded for 2021 (Up to $8,000 Available!)

For this year only (so far), families with young children can get a bigger tax credit for childcare expenses. And more families will qualify for the c…
June 12, 2021
Tax Day 2021: When's the Last Day to File Your Taxes?
tax deadline

Tax Day 2021: When's the Last Day to File Your Taxes?

Like last year, the IRS pushed Tax Day back this year because of the COVID-19 pandemic.
June 11, 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…
June 10, 2021
IRS Extends Tax Deadlines for Louisiana Storm Victims
Tax Breaks

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…
June 10, 2021

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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…
June 10, 2021
"Plus-Up" Stimulus Checks Have Already Been Sent to 8 Million Americans – Will You Get One Too?
Coronavirus and Your Money

"Plus-Up" Stimulus Checks Have Already Been Sent to 8 Million Americans – Will You Get One Too?

Millions of people who already received a third stimulus check are getting an additional payment from the IRS. Is there a check coming with your name …
June 9, 2021
Estimated Tax Payments Are Due June 15
tax deadline

Estimated Tax Payments Are Due June 15

The deadline for submitting your second estimated tax payment of 2021 is almost here, so get your payments in quickly.
June 9, 2021
Child Tax Credit Update: IRS Sending Letters to Families Who May Get Monthly Payments
Tax Breaks

Child Tax Credit Update: IRS Sending Letters to Families Who May Get Monthly Payments

The IRS has identified over 36 million families that may qualify for monthly child tax credit payments of up to $300 per child. The payments will begi…
June 7, 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…
June 4, 2021
IRS Is Sending More Unemployment Tax Refund Checks in June
Coronavirus and Your Money

IRS Is Sending More Unemployment Tax Refund Checks in June

Uncle Sam is issuing 2.8 million refunds this week to people eligible for the new $10,200 unemployment compensation tax exemption. More payments to fo…
June 4, 2021
What's the Standard Deduction for 2021 vs. 2020?
Tax Breaks

What's the Standard Deduction for 2021 vs. 2020?

For most Americans, taking the standard deduction on your tax return is better than claiming itemized deductions. See how much you can deduct on your …
June 4, 2021
Is Deferring Taxes the Best Thing for Your Retirement Savings?
Roth IRA Conversions

Is Deferring Taxes the Best Thing for Your Retirement Savings?

The tax bill that you’re putting off on your traditional IRA or 401(k) may be higher than you think, especially since it’s looking likely that tax rat…
June 3, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
tax brackets

What Are the Income Tax Brackets for 2021 vs. 2020?

Depending on your taxable income, you can end up in one of seven different federal income tax brackets for your 2021 tax return – each with its own ma…
June 2, 2021
IRS Extends Tax Deadlines for West Virginia Storm Victims
Tax Breaks

IRS Extends Tax Deadlines for West Virginia Storm Victims

Following FEMA's recent disaster declaration for severe storms and flooding in the Mountain State, impacted taxpayers get more time to file and pay ce…
June 1, 2021
Marriage and Taxes: What You Need to Know
Getting Married

Marriage and Taxes: What You Need to Know

Most couples will owe less in federal taxes by filing jointly, but sometimes it pays to go it alone.
May 27, 2021
10 States With the Highest Sales Taxes
Tax Breaks

10 States With the Highest Sales Taxes

Before you embark on a shopping spree in any of the 10 worst states for sales taxes, make extra room in your budget.
May 26, 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 26, 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 26, 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 26, 2021
10 Least Tax-Friendly States for Retirees
retirement

10 Least Tax-Friendly States for Retirees

When it comes to state and local taxes, retirees in these states are likely to pay more than retirees in other states.
May 26, 2021
Child Tax Credit 2021: How to Get Monthly Payments if You Don't File Tax Returns
Tax Breaks

Child Tax Credit 2021: How to Get Monthly Payments if You Don't File Tax Returns

Not everyone is required to file a tax return. But don't let that stop you from getting monthly child credit payments of up to $300 per child.
May 25, 2021
Stimulus Check Update: Hopes for a Fourth Stimulus Check Are Still Alive
Coronavirus and Your Money

Stimulus Check Update: Hopes for a Fourth Stimulus Check Are Still Alive

Over 80 Democratic lawmakers have asked President Biden for more stimulus payments, and the president hasn't said "no" yet. But what are the real chan…
May 24, 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 just recently filed their tax return. That means there are a lot of tax refunds …
May 21, 2021
9 Ways to Cut Crypto Taxes Down to the Bone
capital gains tax

9 Ways to Cut Crypto Taxes Down to the Bone

Once you know how cryptocurrency is taxed, you can focus on strategies to minimize how much crypto tax you’ll have to pay the IRS.
May 20, 2021