income tax

What Are the Capital Gains Tax Rates for 2022 vs. 2021?
capital gains tax

What Are the Capital Gains Tax Rates for 2022 vs. 2021?

The tax rate that applies to a capital gain depends on the type of asset, your taxable income, and how long you held the property sold.
September 22, 2022
What Are the Income Tax Brackets for 2022 vs. 2021?
tax brackets

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

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.
September 20, 2022
Reminder: Estimated Tax Payments Are Due Today
tax deadline

Reminder: Estimated Tax Payments Are Due Today

The deadline for submitting your third estimated tax payment for 2022 is here, so get your payments in before it's too late.
September 15, 2022
Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

If your income isn't too high, the Saver's Credit can help lower your tax bill if you contribute to a retirement account now.
September 9, 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…
September 9, 2022

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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.
September 9, 2022
11 Tips on How and When to File an Amended Tax Return
tax returns

11 Tips on How and When to File an Amended Tax Return

What to do if you discover a mistake on a previously filed tax return (and other reasons for filing an amended tax return).
August 30, 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…
August 20, 2022
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.
August 19, 2022
What's the Tax on the Mega Millions Jackpot?
taxes

What's the Tax on the Mega Millions Jackpot?

A winning ticket for the recent $1.337 billion Mega Millions jackpot was purchased in Illinois. After taxes are taken out, how much will the winner re…
July 30, 2022
9 Ways to Cut Crypto Taxes Down to the Bone
capital gains tax

9 Ways to Cut Crypto Taxes Down to the Bone

Once you know how cryptocurrency is taxed, you can focus on strategies to minimize how much crypto tax you’ll have to pay the IRS.
July 25, 2022
How 13 Types of Retirement Income Get Taxed
retirement

How 13 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
June 30, 2022
Most-Overlooked Tax Deductions and Credits for the Self-Employed
Tax Breaks

Most-Overlooked Tax Deductions and Credits for the Self-Employed

If you've recently gone into business for yourself, don't miss these tax breaks for the self-employed.
June 11, 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.
June 8, 2022
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
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
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
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