taxes
Child Tax Credit Payments Sent October 15
Child Tax Credit Payments Sent October 15
The IRS sent another round of monthly child tax credit payments on October 15. Most families received their payment by direct deposit.
October 16, 2021
Tax Extension Deadline: File Your 2020 Return Today to Avoid Penalties
Tax Extension Deadline: File Your 2020 Return Today to Avoid Penalties
If you chose to extend your tax return's due date, the tax extension deadline is here!
October 15, 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.
October 14, 2021
The 10 Least Tax-Friendly States for Middle-Class Families
The 10 Least Tax-Friendly States for Middle-Class Families
Failing to consider state and local taxes before moving your family to another state could cost you thousands of dollars each year.
October 14, 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.
October 14, 2021
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5 States With No State Sales Tax
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.
October 13, 2021
6 Tax Deadlines for October 15
6 Tax Deadlines for October 15
Many taxpayers know that October 15 is the due date for filing an extended tax return, there are other tax deadlines on this date.
October 12, 2021
Retirees, Plan for the Tax Hit From Savings Bonds
Retirees, Plan for the Tax Hit From Savings Bonds
The federal tax consequences for Series EE and I U.S. savings bonds are anything but straightforward. Here's how interest from savings bonds is taxed …
October 7, 2021
10 States with the Highest Gas Taxes
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…
October 7, 2021
18 States With Scary Death Taxes
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…
October 6, 2021
10 Most Tax-Friendly States for Retirees
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.
October 6, 2021
11 Reasons You Don't Want to Retire in Florida
11 Reasons You Don't Want to Retire in Florida
An overabundance of boomers, critters, sweat and weirdness. Welcome to the dark side of the Sunshine State.
October 6, 2021
10 States With the Lowest Gas Taxes
10 States With the Lowest Gas Taxes
Saving money is a marathon, not a sprint. And even low gas taxes can help keep money in your pocket.
October 5, 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…
October 4, 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.
October 4, 2021
Child Tax Credit Payment Opt-Out Deadline is Today
Child Tax Credit Payment Opt-Out Deadline is Today
The October deadline for opting out of the monthly child credit payments has arrived. Use the IRS's Child Tax Credit Update Portal to unenroll.
October 4, 2021
14 IRS Audit Red Flags for Retirees
14 IRS Audit Red Flags for Retirees
Seniors beware: Your actions can increase the chances of the IRS giving your tax return a closer look.
October 4, 2021
IRS Extends Tax Deadlines for Michigan Storm Victims
IRS Extends Tax Deadlines for Michigan Storm Victims
Following FEMA's recent disaster declaration for severe storms, flooding and tornadoes in Michigan, impacted taxpayers get more time to file and pay c…
October 2, 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…
October 1, 2021
HSA Contribution Limits and Other Requirements
HSA Contribution Limits and Other Requirements
Annually adjusted contribution limits and other requirements for 2022 must be met if you're covering health care costs with a Health Savings Account n…
September 29, 2021
Tax Planning Opportunities You Might Not Be Aware Of
Tax Planning Opportunities You Might Not Be Aware Of
To save on taxes over all your years, not just right now, try these four different strategies.
September 29, 2021
I Contributed Too Much to an IRA – What Should I Do?
I Contributed Too Much to an IRA – What Should I Do?
The rules on excess IRA contributions can be confusing. But if you act early, you can minimize any effect on your taxes.
September 28, 2021
Family Business Survival Strategies in an Era of Sweeping Tax Reform
Family Business Survival Strategies in an Era of Sweeping Tax Reform
Changes to our nation’s income taxes, capital gains taxes and estate taxes – whether already passed or still in the proposal stage – pose massive chal…
September 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.
September 24, 2021
Tax Changes and Key Amounts for the 2021 Tax Year
Tax Changes and Key Amounts for the 2021 Tax Year
Americans are facing a long list of tax changes for the 2021 tax year. Smart taxpayers will start planning for them now.
September 23, 2021