income tax

IRS Extends Tax Deadlines for Michigan Storm Victims
tax deadline

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…
July 23, 2021
Are You Paying Your Fair Share of Taxes?
income tax

Are You Paying Your Fair Share of Taxes?

How does your tax bill compare to others? Our handy tool will tell you where you rank as a taxpayer.
July 20, 2021
Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments
Tax Breaks

Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments

Unlike stimulus checks, you might have to repay your monthly child tax credit payments if you get too much money from the IRS.
July 16, 2021
When Will Your Next Monthly Child Tax Credit Payment Arrive?
Tax Breaks

When Will Your Next Monthly Child Tax Credit Payment Arrive?

The IRS has already sent one batch of advance child tax credit payments. Here's when you can expect the rest of your payments to be issued.
July 16, 2021
When to Opt-Out of Monthly Child Tax Credit Payments
Tax Breaks

When to Opt-Out of Monthly Child Tax Credit Payments

If you want to stop advance payments of the 2021 child tax credit, you have to opt-out using the IRS's online tool before the monthly deadline.
July 15, 2021

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Who Won't Get Monthly Child Tax Credit Payments (Not Every Parent is Eligible)
Tax Breaks

Who Won't Get Monthly Child Tax Credit Payments (Not Every Parent is Eligible)

The IRS started sending advance child tax credit payments on July 15. Here's why some families won't receive these monthly payments.
July 15, 2021
Most-Overlooked Tax Breaks for the Newly Divorced
Divorce

Most-Overlooked Tax Breaks for the Newly Divorced

Filing taxes after a divorce can add yet another problem to an already long list of challenges. But here are some tips to make your return to single l…
July 14, 2021
9 Reasons to File a Tax Return Even If You Don't Have To
tax filing

9 Reasons to File a Tax Return Even If You Don't Have To

Although you might not be required to file a tax return, it might be wise to file one today anyway. Here are a few reasons why.
July 14, 2021
How is Cryptocurrency Taxed? Here's What You Need to Know
capital gains tax

How is Cryptocurrency Taxed? Here's What You Need to Know

If you think the lack of government oversight means that cryptocurrency is not taxed, you're in for a big surprise.
July 14, 2021
The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
July 1, 2021
9 States with No Income Tax
Tax Breaks

9 States with No Income Tax

If you choose to live in these states, every penny you earn is safe from state income tax (although one state taxes some dividends and interest). But …
June 30, 2021
10 Things You Must Know About Retiring to Florida
Making Your Money Last

10 Things You Must Know About Retiring to Florida

Heading South has always been a key to your retirement plan. If Florida is part of the plan, we offer up a few tips to help you find your way.
June 29, 2021
Tax Changes and Key Amounts for the 2021 Tax Year
tax law

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.
June 28, 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…
June 25, 2021
IRS Plans to Track Down Tax Cheats
taxes

IRS Plans to Track Down Tax Cheats

The proposal targets high-income taxpayers, but enforcement wouldn’t be limited to the top 1%.
June 24, 2021
8 Ways You Might Be Cheating on Your Taxes
taxes

8 Ways You Might Be Cheating on Your Taxes

Don't cross the line when it comes to your taxes. Avoid these common traps that can get you in hot water with the IRS.
June 24, 2021
Child Tax Credit 2021: Opting Out of Monthly Payments
Tax Breaks

Child Tax Credit 2021: Opting Out of Monthly Payments

The IRS has a new tool for eligible families who want to opt out of the $250 or $300 monthly child tax credit payment.
June 22, 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
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 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
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