income tax
Travel Tax Credit: Will Uncle Sam Pay You to Take a Vacation?
Travel Tax Credit: Will Uncle Sam Pay You to Take a Vacation?
There's a proposal in Congress to give you an "Explore America" tax credit of $4,000 or more to cover travel expenses. But don't pack your bags quite …
June 30, 2020
IRS Is Not Extending the Tax Deadline Again
IRS Is Not Extending the Tax Deadline Again
Tax Day 2020 was already pushed back from April 15 to July 15, but it won't be delayed further.
June 30, 2020
Retirees Get Another Break with Expansion of RMD Waiver
Retirees Get Another Break with Expansion of RMD Waiver
The CARES Act cancelled "required minimum distributions" for 2020...and the IRS just expanded that relief to help more seniors and give more time to u…
June 24, 2020
13 Tax Breaks for Homeowners and Home Buyers
13 Tax Breaks for Homeowners and Home Buyers
Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those cos…
June 22, 2020
Tax Changes and Key Amounts for the 2020 Tax Year
Tax Changes and Key Amounts for the 2020 Tax Year
Americans are facing a long list of tax changes for the 2020 tax year...and it's never too early to start thinking about next year's return.
June 22, 2020
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Will Your Stimulus Check Increase the Tax on Your Social Security Benefits?
Will Your Stimulus Check Increase the Tax on Your Social Security Benefits?
It comes down to whether your stimulus check will boost your "provisional income."
June 18, 2020
11 Tips on How and When to File an Amended Tax Return
11 Tips on How and When to File an Amended Tax Return
What to do if you discover a mistake on a previous tax return (and other reasons for filing an amended return).
June 18, 2020
Amending Your Tax Return Will Get Easier Soon
Amending Your Tax Return Will Get Easier Soon
Starting this summer, there will be a better way to file an amended tax return.
June 17, 2020
When Are 2020 Estimated Tax Payments Due?
When Are 2020 Estimated Tax Payments Due?
In a normal year, two estimated tax payment deadlines would have passed by now. But, of course, nothing is normal right now.
June 17, 2020
8 Money-Smart Ways to Spend Your Tax Refund
8 Money-Smart Ways to Spend Your Tax Refund
Since this year's tax deadline was pushed back to July 15, many people haven't filed their tax return yet. That also means there are a lot of tax refu…
June 2, 2020
Health Savings Account Limits for 2021
Health Savings Account Limits for 2021
Annually adjusted contribution limits and other requirements must be met if you're covering health care costs with an HSA.
May 22, 2020
How a Second Stimulus Check Could Differ from Your First One
How a Second Stimulus Check Could Differ from Your First One
If enacted, the HEROES Act that passed in the House would authorize a second round of stimulus checks. While the new payments would be similar to the …
May 15, 2020
When is the Mississippi State Tax Return Deadline in 2020?
When is the Mississippi State Tax Return Deadline in 2020?
At one point the due date for filing your Mississippi income tax return was May 15, but it has been pushed back to a later date.
May 8, 2020
How to Get a Stimulus Check if You Don't File a Tax Return
How to Get a Stimulus Check if You Don't File a Tax Return
Economic stimulus payments are generally based on information from 2018 or 2019 tax returns, but non-filers can still get a check. Here's how.
April 21, 2020
IRS Form W-4: How Many Allowances Should I Claim?
IRS Form W-4: How Many Allowances Should I Claim?
The answer to this question will affect both your paycheck and next year's tax refund, so it's important to get this tricky number and your withholdin…
April 20, 2020
10 Things You Must Know About Filing for Unemployment Benefits
10 Things You Must Know About Filing for Unemployment Benefits
Unemployment insurance is a joint state and federal program that provides those out of work with temporary yet steady cash to help them financially. I…
April 16, 2020
Income Tax Returns and Payments Extended
Income Tax Returns and Payments Extended
The IRS has pushed back the April 15 tax return filing and tax payment deadline to help Americans struggling with the coronavirus crisis.
March 26, 2020
Calculating Taxes on Social Security Benefits
Calculating Taxes on Social Security Benefits
Uncle Sam can tax up to 85% of your Social Security benefits if you have other sources of income, such as earnings from work or withdrawals from tax-d…
March 17, 2020
How Long Should You Keep Tax Records?
How Long Should You Keep Tax Records?
Save your tax documents at least until the time limit for an audit runs out—and hold on to some records even longer.
March 13, 2020
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. Two of the states do tax some dividends and interest, howev…
March 11, 2020
13 States That Tax Social Security Benefits
13 States That Tax Social Security Benefits
Are Social Security benefits taxable? You better believe it. Uncle Sam can tax up to 85% of your retirement benefits, and these 13 states can tack on …
March 10, 2020
38 States That Don't Tax Social Security Benefits
38 States That Don't Tax Social Security Benefits
Some retirees are surprised to learn that Social Security is taxable.
March 6, 2020
Most-Overlooked Tax Breaks and Deductions for the Self-Employed
Most-Overlooked Tax Breaks and Deductions for the Self-Employed
Have you recently gone into business for yourself? Check out these seven ways to make the tax law work for you.
February 13, 2020
14 States That Won't Tax Your Pension
14 States That Won't Tax Your Pension
Most states tax at least a portion of income from private-sector defined benefit plans. Your state might have a pension exclusion, but chances are it'…
February 12, 2020
Where You Rank as a Taxpayer
Where You Rank as a Taxpayer
Do the rich pay their fair share of taxes? How about you? Our handy tool will help you answer these questions.
February 11, 2020