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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Can I defer passive activity loss to next year if earnings are too high?
You can only deduct real estate losses to offset gains, but there are a couple of exceptions.
2 min read Feb 16, 2016 -
5 ways to reduce taxes in retirement
Worried about retirement income? Follow these 5 strategies to lessen tax liability.
4 min read Feb 12, 2016 -
Capital gains tax loophole on rental property?
You’ll have to pay capital gains on the sale of your rental property. Here’s why.
3 min read Feb 02, 2016 -
What happens if I exceed the Social Security earnings limit? Will I owe taxes?
Here’s what happens to your Social Security if your earnings exceed a certain amount.
2 min read Jan 19, 2016 -
How much tax will I owe on a closed investment account?
The tax bill depends on how your investments have performed. Here’s how to calculate it.
3 min read Dec 22, 2015 -
Capital losses can help cut your tax bill
Taking a loss can pay off at tax-filing time, as long as you sell by the end of the tax year.
4 min read Dec 16, 2015 -
How do I figure capital gains on a house I bought twice, before and after divorce?
Your gain will be based on 2 purchase prices. Here’s how to do the math.
2 min read Dec 15, 2015 -
Cut taxes with early mortgage payment
Cut your tax bill by paying your January mortgage and property taxes in December.
3 min read Dec 09, 2015 -
How do heirs calculate tax due on land conveyed via a ‘Lady Bird deed’?
A ‘Lady Bird deed’ is a popular estate planning tool with tax and other advantages.
3 min read Dec 08, 2015 -
Flexible spending account: Use it or lose it
Need glasses or a teeth cleaning? Time is running out to use the money in these accounts.
3 min read Dec 02, 2015 -
Paid taxes on inherited IRA distribution, but hit up by IRS audit for more?
Compare the numbers on your 1040 with those sent by the IRS to find the problem.
3 min read Nov 24, 2015 -
What’s the limit on cash gifts from a nonresident alien?
You can each receive up to $100,000, but be sure to follow all the reporting rules.
3 min read Nov 17, 2015 -
2014 tax bracket rates
Check out the individual income tax rates and earnings to which they apply for 2014.
Nov 12, 2015 -
Employee vs. contractor: A tax distinction
Scored a seasonal job? How it’s classified will affect your taxes.
4 min read Nov 04, 2015 -
Will inherited IRA RMD impact my ability to get the Obamacare premium tax credit?
The distributions you must take from the inherited IRAs likely won’t impact your tax credit.
3 min read Oct 27, 2015 -
Rules for claiming parents as dependents if they just arrived in the US
You need to meet 5 requirements to claim your parents as dependents.
2 min read Oct 20, 2015 -
You can pay asset management fees from your IRA or with other assets
You won’t owe taxes if you pay fees from your IRA. In fact, there may be other tax breaks.
2 min read Oct 13, 2015 -
I had an employment agreement with my boss but got a Form 1099. What now?
If you had an employment agreement, you can dispute the receipt of Form 1099. Here’s how.
2 min read Oct 06, 2015 -
FSA saves money, cuts taxes
Find out how one of the most popular tax benefits for families, an FSA, can help you.
5 min read Sep 30, 2015 -
Tax exclusion for savings bonds simplified
Plan to tap savings bonds to pay for education? Avoid getting schooled by the taxman.
2 min read Sep 25, 2015
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- Use the sales tax deduction
- Claim medical expenses
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- How long to get your tax return
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- Open IRA to save on taxes
- When to pay estimated taxes
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- Long-term capital gains tax
- Tips for paying estimated taxes
- When are taxes due?
- Do I have to file taxes?
- The best tax software