income tax
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…
December 2, 2020
It's ITIN Renewal Time!
It's ITIN Renewal Time!
Beat the rush and avoid refund delays by renewing your ITIN before the end of the year if it's about to expire.
November 23, 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 (although two of the states do tax some dividends and intere…
November 20, 2020
11 Year-End Moves to Lower Your 2020 Tax Bill
11 Year-End Moves to Lower Your 2020 Tax Bill
What you do between now and the end of the year can have a significant impact on how much tax you have to pay next April.
November 17, 2020
Biden's Plan to Tax the Rich Faces Roadblocks
Biden's Plan to Tax the Rich Faces Roadblocks
The president-elect is unlikely to get much on his wish list, with the Democratic majority in the House narrowed and the GOP likely keeping control of…
November 16, 2020
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Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Tax Tip: How to Deduct Property Damage Caused by Hurricane Zeta
Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
October 28, 2020
What's the Standard Deduction for 2020 vs. 2021?
What's the Standard Deduction for 2020 vs. 2021?
Most Americans claim the standard deduction on their tax return instead of itemized deductions.
October 27, 2020
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
The 2021 Capital Gains Tax Rate Thresholds Are Out – What Rate Will You Pay?
Which tax rate applies to your 2021 long-term capital gains will depend on your taxable income.
October 27, 2020
IRS Releases Income Tax Brackets for 2021
IRS Releases Income Tax Brackets for 2021
The tax rates didn't change, but the tax bracket income ranges for the 2021 tax year are adjusted to account for inflation.
October 27, 2020
What Are the Income Tax Brackets for 2020?
What Are the Income Tax Brackets for 2020?
Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
October 27, 2020
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
Tax Extension Deadline: File Your 2019 Return by October 15 to Avoid Penalties
If you chose to extend your tax return's due date, the tax extension deadline is October 15!
October 15, 2020
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Tax Tip: How to Deduct Property Damage Caused by Hurricane Delta
Get the maximum tax deduction for property losses resulting from Hurricane Delta or other natural disasters.
October 9, 2020
Child Tax Credit Would Go Up Under Biden Proposal
Child Tax Credit Would Go Up Under Biden Proposal
Some families would see their tax credit jump from $2,000 to $3,600 per child under Joe Biden's plan. But there are a couple of important catches.
September 18, 2020
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…
September 18, 2020
Estimated Tax Payments Are Due Today
Estimated Tax Payments Are Due Today
The deadline for 2020 third quarter estimated tax payments is here. Get your payments in by midnight tonight.
September 15, 2020
Estimated Tax Payments Are Due September 15
Estimated Tax Payments Are Due September 15
The deadline for 2020 third quarter estimated tax payments is almost here. Get your payments in now.
September 14, 2020
When Are 2020 Estimated Tax Payments Due?
When Are 2020 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…
September 11, 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).
August 25, 2020
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.
August 19, 2020
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
Millions of Americans Will Receive a Tax Refund Interest Check from the IRS
Payments will go to people who filed their tax return by July 15 and received a refund in the past three months or are still waiting for a refund.
August 18, 2020
How a Second Stimulus Check Could Differ from Your First One
How a Second Stimulus Check Could Differ from Your First One
The HEROES Act, which the House passed in May, would authorize another round of stimulus checks. While the new payments would be similar to the first …
August 11, 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…
August 4, 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 just recently filed their tax return. That means there are a lot of tax refunds…
July 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.
July 16, 2020
Tax Extension: How to Get More Time to File Your Tax Return
Tax Extension: How to Get More Time to File Your Tax Return
If you can't wrap up your tax return by today's deadline, it's easy to buy yourself more time.
July 15, 2020