income tax
How Long Should You Keep Tax Records?
How Long Should You Keep Tax Records?
Keep your tax documents at least until the time limit for an audit runs out—and even longer for some records.
May 18, 2021
Monthly Payments of the 2021 Child Tax Credit Will Begin July 15
Monthly Payments of the 2021 Child Tax Credit Will Begin July 15
The IRS says it's on schedule to start sending monthly child tax credit payments this summer.
May 17, 2021
Pros and Cons of Getting a Tax Extension
Pros and Cons of Getting a Tax Extension
You can easily extend your tax return due date from May 17 to October 15 by requesting a tax extension…but should you?
May 17, 2021
Tax Tips for Last-Minute Filing
Tax Tips for Last-Minute Filing
As you scramble to beat today's tax return filing deadline, here are some pointers to bring your stress level down.
May 17, 2021
9 Reasons to File a Tax Return Even If You Don't Have To (Warning: They're Due Today!)
9 Reasons to File a Tax Return Even If You Don't Have To (Warning: They're Due Today!)
Although you might not be required to file a tax return, it might be wise to file one today anyway. Here are a few reasons why.
May 17, 2021
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Tax Extension: How to Get Extra Time to File Your Tax Return
Tax Extension: How to Get Extra 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 with a tax extension.
May 17, 2021
File a Tax Extension Now to Beat Today's Deadline
File a Tax Extension Now to Beat Today's Deadline
If you need more time to file your federal income tax return, you need to act now to avoid interest and penalties.
May 17, 2021
Tax Day is Here! File Your Tax Return Today or Face the Consequences
Tax Day is Here! File Your Tax Return Today or Face the Consequences
Don't miss the Tax Day deadline. Stiff penalties await those who don't file their return (or pay any tax owed) by midnight tonight.
May 17, 2021
What Time is the Tax Deadline Today?
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.
May 17, 2021
Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims
Tax Deadlines Extended for Texas, Oklahoma and Louisiana Winter Storm Victims
Following FEMA's disaster declarations for winter storms in Texas, Oklahoma and Louisiana, victims of the storms in those states get more time to file…
May 15, 2021
IRS Extends Tax Deadlines for Alabama, Kentucky and Tennessee Storm Victims
IRS Extends Tax Deadlines for Alabama, Kentucky and Tennessee Storm Victims
Following FEMA's recent disaster declarations for severe storms in Alabama, Kentucky and Tennessee, victims of the storms in those states get more tim…
May 15, 2021
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…
May 11, 2021
Families with Dependent Care FSAs Get Good News from the IRS
Families with Dependent Care FSAs Get Good News from the IRS
You'll still get a tax break if you carried over unused amounts from your dependent care flexible spending account from 2020 to 2021.
May 10, 2021
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 May 17, many people are just now filing their tax return. That means there are a lot of tax refunds …
May 10, 2021
What Are the Income Tax Brackets for 2021 vs. 2020?
What Are the Income Tax Brackets for 2021 vs. 2020?
For both 2020 and 2021, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate – depending on your…
May 9, 2021
Saver's Credit: A Retirement Tax Break for the Middle Class
Saver's Credit: A Retirement Tax Break for the Middle Class
Your retirement contributions could be the key to a lower tax bill.
May 3, 2021
3 Reasons Not to Fear the Biden Tax Hikes
3 Reasons Not to Fear the Biden Tax Hikes
A lot of people are getting all worked up over President Biden's plan to raise taxes. Here are some reasons to chill.
May 3, 2021
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
7 Ways Biden Plans to Tax the Rich (And Maybe Some Not-So-Rich People)
How would wealthier Americans pay more in taxes under President Biden's American Families Plan? Let us count the ways.
April 30, 2021
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
Taxes Aren't Due Yet, But You Might Want to File Now Anyway
Even though this year's tax deadline has been extended, there are still plenty of good reasons to file your taxes now.
April 30, 2021
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
More Monthly Child Credit Payments, Higher Child Care Credit, and Other Tax Breaks in Biden's Latest Plan
President Biden's American Families Plan extends several popular tax credits that benefit low-income and middle-class families.
April 29, 2021
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025
If President Biden's proposal is enacted, eligible families could receive monthly payments for years.
April 28, 2021
What Are the Capital Gains Tax Rates for 2020 and 2021?
What Are the Capital Gains Tax Rates for 2020 and 2021?
Which tax rate applies to your long-term capital gains depends on your taxable income.
April 22, 2021
Does President Biden Want to Raise YOUR Taxes?
Does President Biden Want to Raise YOUR Taxes?
President Biden's "social infrastructure" plan is expected to include tax increases for some Americans. Will you be one of them?
April 21, 2021
Estimated Tax Payments Are Due Today
Estimated Tax Payments Are Due Today
The deadline for 2021 first quarter estimated tax payments is here. Get your payments in before midnight tonight (April 15).
April 15, 2021
10 Questions Retirees Often Get Wrong About Taxes in Retirement
10 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?
April 7, 2021