income tax

Charitable Tax Deductions: An Additional Reward for the Gift of Giving
Tax Breaks

Charitable Tax Deductions: An Additional Reward for the Gift of Giving

With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
May 19, 2022
9 States with No Income Tax
Tax Breaks

9 States with No Income Tax

Your hard-earned money is safe from state income tax if you live in one of these states…but watch out for other state and local taxes.
May 17, 2022
12 States That Tax Social Security Benefits
social security

12 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in one of these states, your Social Security benefits may be subject to state taxes.
May 17, 2022
Tax Day 2022: When Was the Last Day to File Your Taxes (For Most People)
tax deadline

Tax Day 2022: When Was the Last Day to File Your Taxes (For Most People)

Federal income tax returns were due April 18 for most of us. But some people have some extra time to file – are you one of them?
May 13, 2022
2022 Tax Calendar: Important Tax Due Dates and Deadlines
tax deadline

2022 Tax Calendar: Important Tax Due Dates and Deadlines

Know the tax deadlines that apply to you, so you don't get hit with IRS penalties or miss out on a valuable tax break.
May 13, 2022

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Tax Changes and Key Amounts for the 2022 Tax Year
tax law

Tax Changes and Key Amounts for the 2022 Tax Year

Americans are facing a long list of tax changes for the 2022 tax year. Smart taxpayers will start planning for them now.
April 29, 2022
What's the Standard Deduction for 2022 vs. 2021?
Tax Breaks

What's the Standard Deduction for 2022 vs. 2021?

If you're planning ahead for next year's tax return, see if your 2022 standard deduction will be higher than it was for 2021.
April 28, 2022
When Are 2022 Estimated Tax Payments Due?
tax deadline

When Are 2022 Estimated Tax Payments Due?

If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
April 28, 2022
7 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

7 Money-Smart Ways to Spend Your Tax Refund

Nearly 60% of taxpayers expect a refund this year, and many will receive a larger amount.
April 22, 2022
Penalties for Filing Your Tax Return Late
tax deadline

Penalties for Filing Your Tax Return Late

Stiff penalties await those who didn't file their return (or pay any tax owed) by the tax filing deadline.
April 20, 2022
Need More Time to File Your Taxes? Here's How to Get an Extension
tax deadline

Need More Time to File Your Taxes? Here's How to Get an Extension

If you can't wrap up your federal tax return by the annual deadline, it's easy to buy yourself more time by filing a tax extension.
April 20, 2022
10 Tax Deadlines for April 18 (Today is Not Just the Due Date for Your Tax Return)
tax deadline

10 Tax Deadlines for April 18 (Today is Not Just the Due Date for Your Tax Return)

Between requesting a tax extension, making IRA or HSA contributions, and meeting other tax deadlines, there's more to do today than just filing your f…
April 18, 2022
What Time is the Tax Deadline Today?
tax deadline

What Time is the Tax Deadline Today?

If you're waiting until the last possible minute to file your tax return, you should at least know how much time you have.
April 18, 2022
Child Tax Credit FAQs for Your 2021 Tax Return
Tax Breaks

Child Tax Credit FAQs for Your 2021 Tax Return

As the April 18 tax filing deadline looms, parents have lots of questions about how to report the child tax credit and last year's monthly payments on…
April 14, 2022
2021 Tax Returns: What's New on the 1040 Form This Year
tax filing

2021 Tax Returns: What's New on the 1040 Form This Year

If you're a last-minute filer, familiarize yourself with potential changes for your 2021 tax return before tackling your 1040.
April 14, 2022
Is Your Stimulus Check Taxable?
taxable income

Is Your Stimulus Check Taxable?

You may be wondering if you have to pay taxes on your third stimulus check. The answer may surprise you.
April 14, 2022
Stimulus Check Money is Still Available…But You Must File a Tax Return to Get It
Tax Breaks

Stimulus Check Money is Still Available…But You Must File a Tax Return to Get It

If you didn't get a third stimulus check last year – or you didn't get the full amount – you may be able to cash in when you file your tax return this…
April 14, 2022
What Are the Income Tax Brackets for 2021 vs. 2022?
tax brackets

What Are the Income Tax Brackets for 2021 vs. 2022?

For both years, there are seven different federal income tax brackets – each with its own marginal tax rate. Which bracket you end up in depends on yo…
April 10, 2022
Will You Have to Pay Back Your Child Tax Credit Payments?
Tax Breaks

Will You Have to Pay Back Your Child Tax Credit Payments?

If you got too much in monthly child tax credit payments last year, you might have to repay some (or all) of the money when you file your tax return t…
April 5, 2022
Pros and Cons of Getting a Tax Extension
tax deadline

Pros and Cons of Getting a Tax Extension

It's easy to extend your tax return deadline to October by requesting a tax extension…but should you?
April 4, 2022
11 Reasons to File a Tax Return Even If You Don't Have To
tax filing

11 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 anyway. Here are a few reasons why.
March 29, 2022
How to Get Your Tax Refund Faster
tax refunds

How to Get Your Tax Refund Faster

The IRS already has a huge tax return backlog. Fortunately, there are a few things you can do to speed up your tax refund.
March 23, 2022
13 Tax Breaks for Homeowners and Home Buyers
Tax Breaks

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…
March 12, 2022
Calculating Taxes on Social Security Benefits
social security

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 8, 2022
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…
March 4, 2022
Deposit Your Tax Refund Directly Into an IRA or Other Account – It's Easy!
tax refunds

Deposit Your Tax Refund Directly Into an IRA or Other Account – It's Easy!

If you're getting a tax refund this year, don't feel like it all has to be deposited into an ordinary bank account.
March 4, 2022