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