income tax

Living and Working in Different States Can Be a Tax Headache
state tax

Living and Working in Different States Can Be a Tax Headache

Living in one state and working in another can trigger a number of tax issues. Here are several things to keep in mind if you and/or your spouse are i…
October 22, 2021
10 Year-End Moves to Lower Your 2021 Tax Bill
taxes

10 Year-End Moves to Lower Your 2021 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.
October 19, 2021
9 States with No Income Tax
Tax Breaks

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 …
October 19, 2021
Child Tax Credit Payments Sent October 15
Tax Breaks

Child Tax Credit Payments Sent October 15

The IRS sent another round of monthly child tax credit payments on October 15. Most families received their payment by direct deposit.
October 16, 2021
13 States That Tax Social Security Benefits
social security

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…
October 4, 2021

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Tax Changes and Key Amounts for the 2021 Tax Year
tax law

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.
September 23, 2021
How and When to Opt-Out of Monthly Child Tax Credit Payments
Tax Breaks

How and 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.
September 22, 2021
How to Change Your Address for Monthly Child Tax Credit Payments
Tax Breaks

How to Change Your Address for Monthly Child Tax Credit Payments

If you're receiving paper checks in the mail for your child tax credit payment, you can use the IRS's online portal to update your address.
September 22, 2021
Child Tax Credit Payment Schedule for the Rest of 2021
Tax Breaks

Child Tax Credit Payment Schedule for the Rest of 2021

The IRS has already sent three batches of monthly child tax credit payments. Here's when you can expect the rest of your payments.
September 16, 2021
Estimated Tax Payments Are Due Today
tax deadline

Estimated Tax Payments Are Due Today

The deadline for submitting your third estimated tax payment of 2021 is here, so get your payments in today.
September 15, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
tax brackets

What Are the Income Tax Brackets for 2021 vs. 2020?

There are seven different federal income tax brackets for your 2021 tax return – each with its own marginal tax rate. Which bracket you end up in for …
September 14, 2021
When Are 2021 Estimated Tax Payments Due?
tax deadline

When Are 2021 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 14, 2021
COVID-19 Home Test Kits and PPE are Tax Deductible
Tax Breaks

COVID-19 Home Test Kits and PPE are Tax Deductible

You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.
September 11, 2021
10 Things Every Worker Needs to Know About the W-4 Form
W-4 form

10 Things Every Worker Needs to Know About the W-4 Form

Anyone who has started a new job will know about filling out a W-4 form. Your new boss will use that information to calculate how much tax to withhold…
August 31, 2021
Tax Deadlines Extended for Tennessee Flood Victims
Tax Breaks

Tax Deadlines Extended for Tennessee Flood Victims

Residents and businesses impacted by the recent storms and flooding in Tennessee get more time to file and pay certain federal taxes.
August 28, 2021
IRS Extends Tax Deadlines for Louisiana Storm Victims
Tax Breaks

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…
August 27, 2021
12 Questions Retirees Often Get Wrong About Taxes in Retirement
retirement

12 Questions Retirees Often Get Wrong About Taxes in Retirement

You worked hard to build your retirement nest egg. But do you know how to minimize taxes on your savings?
August 27, 2021
I Have Shared Custody of My Child: Should I Get Monthly Child Tax Credit Payments?
Tax Breaks

I Have Shared Custody of My Child: Should I Get Monthly Child Tax Credit Payments?

Which parent receives monthly child tax credit payments depends on your most recent tax return. Plus, some parents who are receiving payments should o…
August 21, 2021
Should You Be Getting Monthly Payments for Your Kids? Check the IRS's Child Tax Credit Portal
Tax Breaks

Should You Be Getting Monthly Payments for Your Kids? Check the IRS's Child Tax Credit Portal

The IRS has an online tool that will help you track and manage your monthly child tax credit payments (although it's not fully functional yet).
August 20, 2021
Child Tax Credit Payment: Some Parents to Receive Paper Checks Instead of Direct Deposit Payments
Tax Breaks

Child Tax Credit Payment: Some Parents to Receive Paper Checks Instead of Direct Deposit Payments

Families who received their July child tax credit payment by direct deposit might get their August payment by mail.
August 13, 2021
Who's Not Eligible for Child Tax Credit Payments (It May Explain Why You're Not Getting Them)
Tax Breaks

Who's Not Eligible for Child Tax Credit Payments (It May Explain Why You're Not Getting Them)

The IRS has sent two rounds of child tax credit payments so far. Here's why some families haven't received any monthly payments.
August 13, 2021
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 12, 2021
Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?
Tax Breaks

Will U.S. Olympic Athletes Get Hit with a Tax Bill if They Win in Tokyo?

Thanks to a law passed in 2016, our medal-winning athletes will have little to worry about from the IRS.
August 5, 2021
Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?
Tax Breaks

Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?

Everyone loves receiving large sums of money from Uncle Sam. But people who take advance child tax payments may take a hit on next year's tax refund.
July 31, 2021
Are You Paying Your Fair Share of Taxes?
income tax

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