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