taxes

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…
June 17, 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.
June 17, 2021
The 10 Least Tax-Friendly States for Middle-Class Families
state tax

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.
June 17, 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.
June 17, 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…
June 17, 2021

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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.
June 16, 2021
What Are the Capital Gains Tax Rates for 2021 vs. 2020?
capital gains tax

What Are the Capital Gains Tax Rates for 2021 vs. 2020?

The tax rate that applies to your long-term capital gains depends on your taxable income. Rates for short-term capital gains are higher.
June 15, 2021
Estimated Tax Payments Are Due Today (June 15)
tax deadline

Estimated Tax Payments Are Due Today (June 15)

The deadline for submitting your second estimated tax payment of 2021 is just hours away, so get your payments in right away.
June 15, 2021
How to Get Child Tax Credit Payments if You Don't File a Tax Return
Tax Breaks

How to Get Child Tax Credit Payments if You Don't File a Tax Return

Child tax credit payments are generally based on information from 2020 or 2019 returns, but non-filers can still get payments. The easiest way is to u…
June 14, 2021
Why You Need a Roth IRA
Roth IRAs

Why You Need a Roth IRA

With this indispensable savings tool, your money grows tax-free, you can invest in almost anything and you get several cool perks.
June 14, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021. Payments will start July 15.
June 13, 2021
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
"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
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