Tax guidance and resources

Latest Articles

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  Taxes on mutual funds: How they work and 4 strategies to minimize what you owe

  Mutual fund taxes can be complicated. Here’s what you need to know.

  5 min read Jun 16, 2025
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  LLCs and taxes: Here’s how to file taxes for an LLC

  If your business is an LLC, you’ll need to pick the tax-filing status that suits your business best.

  5 min read Jun 16, 2025
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  What is an LLC, and how does it work?

  An LLC can reduce the legal liability of its members, among other benefits, but there are some disadvantages to consider, too.

  4 min read Jun 16, 2025
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  Sales tax deduction: How it works, who is eligible and how to claim it

  Here’s how the sales tax deduction works, what purchases are eligible and how to claim it.

  5 min read Jun 13, 2025
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  Gift tax: The exclusion limit for 2025, how it works and who has to pay

  The gift tax prevents large tax-free transfers of wealth. But few taxpayers owe this tax, thanks to the annual and lifetime exemptions.

  5 min read Jun 13, 2025
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  5 tax breaks for dads to help celebrate Father’s Day

  There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking to lower your taxable income.

  4 min read Jun 13, 2025
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  Trump’s tax plan: ‘Big, beautiful’ bill could cost low-income Americans $1,600 a year, CBO says — here’s what to expect next

  The ‘big, beautiful’ tax bill would cost low-income Americans an estimated $1,600 a year on average, while high-income people would gain $12,000, the CBO says.

  6 min read Jun 12, 2025
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  Hurricane-related tax relief: 4 tips to help you weather the financial aftermath

  Hurricanes can cause immense destruction, but these tax benefits can help alleviate some of the financial costs.

  5 min read Jun 10, 2025
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  Marginal vs. effective tax rate: How they differ and how to calculate each rate

  Knowing the difference between your marginal and effective tax rate can help you manage your money better.

  4 min read Jun 10, 2025
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  Self-employed? Your next estimated tax payment is due soon

  If you’re self-employed, don’t forget this important tax-payment deadline coming up fast in June.

  4 min read Jun 10, 2025
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  2024-2025 tax brackets and federal income tax rates

  Find your federal income tax bracket for 2024 and 2025 to understand what your tax rate is.

  9 min read Jun 07, 2025
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  Gross vs. net income: What you need to know to manage your finances

  Knowing the difference between gross and net income can help you better manage your financial situation.

  4 min read Jun 06, 2025
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  Taxpayer identification number (TIN): What it is and how to find it

  A TIN is a nine-digit number used to identify taxpayers. If you need to file taxes, you’ll need a TIN.

  2 min read Jun 06, 2025
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  What is FICA tax? Here’s what you need to know about payroll taxes

  FICA tax, also known as payroll tax, is what almost all workers have to pay for Social Security and Medicare.

  4 min read Jun 05, 2025
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  W-4 form: How to fill it out in 2025

  The W-4 form determines how much in taxes is withheld from your paychecks, which in turn helps you manage your tax refund, or tax bill.

  8 min read Jun 03, 2025
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  Short-term capital gains tax: What it is, what the rates are and how to reduce your taxes

  Paying attention to short-term capital gains tax rates can help you save money in the long run.

  4 min read Jun 02, 2025
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  Marginal tax rate: What it is and how to find yours

  In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate.

  5 min read May 31, 2025
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  Roth IRA rules you should know during tax season — and all year long

  There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.

  7 min read May 31, 2025
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  Here’s what happens if you don’t file your taxes

  The consequences of not filing your tax return vary depending on whether you owe a tax bill or are expecting a tax refund.

  5 min read May 31, 2025
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  The average tax refund each year, and how tax refunds work

  The average tax refund so far in 2025 is $2,939, up just $70 from the average refund this time last year. Here’s how tax refunds work.

  3 min read May 31, 2025