Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Taxes Basics
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Latest Articles
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Got a hobby? It might qualify as a business, with all the extra tax breaks
Tax breaks on hobby income are less favorable than for a business. Here’s how it works.
3 min read Feb 27, 2017 -
7 wacky tax deductions to avoid in 2017 if you want to dodge a tax audit
Some taxpayers will try anything to reduce their taxable income, say seasoned CPAs.
5 min read Feb 21, 2017 -
6 ways the IRS helps pay for education via tax-favored savings plans, other tax breaks
These tax breaks can help reduce college costs, and one even helps younger students.
4 min read Feb 20, 2017 -
Wait 5 years to take an IRA withdrawal from Roth IRA conversion made last year?
You do have to wait five years to get at the earnings, but you still have options.
3 min read Feb 14, 2017 -
Make sure your children are a credit to you by claiming the child tax credit
At tax time, parenthood can be a rewarding experience when claiming the child tax credit.
3 min read Feb 14, 2017 -
How to avoid running afoul of the wash-sale rule when you buy and sell stocks or funds
If you sold stock to take a capital loss for tax purposes, don’t buy it back too soon.
4 min read Feb 13, 2017 -
How alimony payments affect your taxes when you’re the payee or the payer
Do you pay or receive alimony payments? If so, pay attention to these tax rules.
2 min read Feb 10, 2017 -
Mileage deduction amounts for 2016 and 2017 go down instead of up
The IRS cut mileage deductions in each of the last two years due to declining costs.
1 min read Feb 08, 2017 -
Can divorcing woman duck tax on vacation-home sale?
Uncle Sam’s big tax break pertains to the sale of a main home. Here’s how it works.
2 min read Feb 07, 2017 -
When does it make sense for married folks to file separate tax returns?
Even if you’re usually inseparable, at tax time it may make sense to file separately.
3 min read Feb 07, 2017 -
Win a bet on the Super Bowl? Don’t forget to give Uncle Sam his cut
Whether you are a recreational or professional gambler, you must report your winnings.
6 min read Feb 06, 2017 -
What to know about Obamacare tax forms
Obamacare is still in place for tax-filing purposes. Here’s how to account for it.
4 min read Feb 03, 2017 -
Super Bowl pool anyone? Sports betting illegal in most places, but widely practiced
The stakes are high when gambling on sports, but you’ll owe taxes if you win.
7 min read Feb 02, 2017 -
How to choose a tax preparer
Not all tax pros have the same credentials. Here’s how to pick the right one for you.
3 min read Feb 01, 2017 -
W-2 form shows my employer barely withheld taxes. Do they owe me money?
Without pay stubs, you still can check the math on your W-2. Here’s what you can do.
3 min read Jan 31, 2017 -
What to do if you don’t get your W-2 from the boss and you want to file taxes early
If your employer is slacking or out of business, you have options. Here’s what to do.
3 min read Jan 31, 2017 -
How much do you know about filing taxes? Test your knowledge with this quiz
Before you begin tax filing, test your knowledge with these basic tax questions.
Jan 30, 2017 -
10 key tax terms to help you cut through the jargon
Master these key tax terms to understand the basics of how the tax system works.
3 min read Jan 27, 2017 -
You don’t have to wait for IRS Form 1099 from various issuers to file your tax return
While you don’t have to wait for this form from most issuers, there is one exception.
3 min read Jan 26, 2017 -
10 overlooked tax breaks that people often miss when filing their tax return
Little expenses can add up and may be tax deductible. Be sure the check these out.
5 min read Jan 25, 2017
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