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

Long-term capital gains tax basics

Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

Cryptocurrency taxes: A guide

The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.

Top tax tips for investors

Pay particular attention to these areas and you may find some new ways to save on what you owe.

The average tax refund

The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.

Editor's Picks

Latest Articles

How to use a personal loan to pay your tax bill

If you owe money to the IRS, you may want to consider taking out a personal loan.

5 min read Feb 28, 2023
Are personal loans taxable and considered income?

In some cases, you should be prepared to pay taxes on your personal loan.

2 min read Feb 27, 2023
Marginal vs. effective tax rate: What’s the difference?

These both help taxpayers understand how much they owe the IRS.

3 min read Feb 27, 2023
What is net income? Definition and how to calculate it

Net income provides a more accurate account of the financial status. Here’s why.

2 min read Feb 14, 2023
When are taxes due? Tax deadlines for 2023

The deadline for filing your 2022 taxes is April 18, 2023. A 6-month extension can be granted.

2 min read Feb 13, 2023
Tax season 2023: Everything to know before you file and how to get your refund fast

There are some big tax changes this year. Here’s what you need to know.

6 min read Feb 06, 2023
What is the net investment income tax and who has to pay it?

Here’s how this tax works and some strategies to minimize the potential hit.

3 min read Jan 30, 2023
The best tax software of 2023

Choosing a tax software provider can be confusing and challenging. Bankrate cuts through the noise for you.

4 min read Jan 27, 2023
Bonus tax rate 2022: How bonuses are taxed

Learn about how bonus tax rates are calculated using the percentage method or aggregate method.

3 min read Jan 23, 2023
2021 tax brackets

Reviewing your 2021 taxes and have questions about your tax bracket? Bankrate can help.

1 min read Jan 17, 2023
Tax refund schedule 2023: How long it takes to get your tax refund

Discover how long it may take to receive your tax refund in 2023.

3 min read Jan 12, 2023
End-of-year tips to get ahead of tax season

Expert advice on what to do in December to get ready for April.

5 min read Dec 02, 2022
What is an LLC?

An LLC can simplify tax filing and reduce the legal liability of its members.

3 min read Nov 11, 2022
Donor-advised funds: A popular tax-advantaged way to give to charity

Here’s how a donor-advised fund works and why it may be an attractive option for the wealthy.

4 min read Oct 05, 2022
How are mutual funds taxed?

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

3 min read Aug 04, 2022
Is credit card interest tax-deductible?

Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money borrowed to purchase investment property qualifies for a deduction.

3 min read Jul 07, 2022
Missed the tax deadline? Here’s what you should do

If you haven’t filed your taxes yet, don’t panic — but act fast.

4 min read Apr 19, 2022
How to file for a tax extension with the IRS

Applying for more time to file your taxes is easy. Just don’t put off paying your tax bill.

3 min read Apr 15, 2022
NFT tax guide: 6 top tips for non-fungible token creators and investors

Here are six things that those involved in creating and trading NFTs need to know.

5 min read Apr 11, 2022
Child and dependent care tax credit: Who qualifies and how to get up to $8,000 in credits

The credit was confusing even before Congress revamped it for 2021.

7 min read Apr 01, 2022

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