taxes
7 Money-Smart Ways to Spend Your Tax Refund
7 Money-Smart Ways to Spend Your Tax Refund
Since this year's tax deadline was pushed back to May 17, many people are just now filing their tax return. That means there are a lot of tax refunds …
May 8, 2021
IRS Extends Tax Deadlines for Alabama and Kentucky Storm Victims
IRS Extends Tax Deadlines for Alabama and Kentucky Storm Victims
Following FEMA's recent disaster declarations for severe storms in Alabama and Kentucky, victims of the storms in those states get more time to file a…
May 7, 2021
9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)
9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)
Although you might not be required to file a tax return, it might be wise to file one anyway. Here are a few reasons why.
May 7, 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 6, 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 6, 2021
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Taxes, Taxes and More Taxes
Taxes, Taxes and More Taxes
In light of the recent proposals by President Biden and Sens. Bernie Sanders and Chris Van Hollen, here’s what could be coming and some ideas on how t…
May 4, 2021
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by May 17 than just filing your federal in…
May 4, 2021
Why Today’s Retirees Need to Pursue Tax-Minimization Strategies
Why Today’s Retirees Need to Pursue Tax-Minimization Strategies
IRAs are the name of the game for today’s retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with maj…
May 4, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Saver's Credit: A Retirement Tax Break for the Middle Class
Your retirement contributions could be the key to a lower tax bill.
May 3, 2021
10 States with the Highest Gas Taxes
10 States with the Highest Gas Taxes
COVID-19 has made us appreciate driving our cars more, but filling up the tank will cost you more in these state.
May 3, 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.
May 3, 2021
Tax Day 2021: When's the Last Day to File Taxes?
Tax Day 2021: When's the Last Day to File Taxes?
Like last year, the IRS pushed the tax deadline back this year because of the pandemic. But your 2020 federal tax return is now due soon.
May 3, 2021
3 Reasons Not to Fear the Biden Tax Hikes
3 Reasons Not to Fear the Biden Tax Hikes
A lot of people are getting all worked up over President Biden's plan to raise taxes. Here are some reasons to chill.
May 3, 2021
Kentucky Derby: Tax Tips for Gambling Winnings and Losses
Kentucky Derby: Tax Tips for Gambling Winnings and Losses
If you picked the right horse and won some money on the Kentucky Derby, don't forget that the IRS wants a cut of your winnings.
May 2, 2021
Refunds for $10,200 Unemployment Tax Break to Begin This Month
Refunds for $10,200 Unemployment Tax Break to Begin This Month
The IRS will start issuing automatic refunds sometime in May to people eligible for the unemployment benefit tax exemption.
May 1, 2021
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
How would wealthier Americans pay more in taxes under President Biden's American Families Plan? Let us count the ways.
April 30, 2021
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
Even though this year's tax deadline has been extended, there are still plenty of good reasons to file your taxes now.
April 30, 2021
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
President Biden's American Families Plan extends several popular tax credits that benefit low-income and middle-class families.
April 29, 2021
Biden Hopes to Eliminate Stepped-Up Basis for Millionaires
Biden Hopes to Eliminate Stepped-Up Basis for Millionaires
As part of his American Families Plan, President Biden wants to change the way capital assets are taxed when you die.
April 28, 2021
Biden Calls for Capital Gains Tax Hike
Biden Calls for Capital Gains Tax Hike
As expected, President Biden included a capital gains tax increase for millionaires in his American Families Plan.
April 28, 2021
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025
If President Biden's proposal is enacted, eligible families could receive monthly payments for years.
April 28, 2021
Is Your Financial Plan Ready for Higher Taxes?
Is Your Financial Plan Ready for Higher Taxes?
The best plans anticipate what’s to come, and right now it’s looking more and more likely that the future could hold higher taxes, especially for the …
April 28, 2021
What are "Plus-Up" Payments (And Will You Get One)?
What are "Plus-Up" Payments (And Will You Get One)?
Some people who already received a third stimulus check will get an additional payment from the IRS. Will you be one of them?
April 27, 2021
Who's Not Eligible For a Third Stimulus Check
Who's Not Eligible For a Third Stimulus Check
Not everyone will get a third stimulus check. See if you're on the list of people who aren't eligible for a third-round payment.
April 23, 2021
What Are the Capital Gains Tax Rates for 2020 and 2021?
What Are the Capital Gains Tax Rates for 2020 and 2021?
Which tax rate applies to your long-term capital gains depends on your taxable income.
April 22, 2021