Taxes Basics
What is net income?
Net income provides a more accurate account of the financial status. Here’s why.
Long-term capital gains tax basics
Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.
What is gross income?
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
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2021 Form W-4: How to fill it out
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Latest Articles
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Estate taxes: Will the step up in basis be eliminated? Here’s what to know and how to prepare
People who inherit homes will want to pay close attention to this proposal.
3 min read May 25, 2021
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Biden’s proposed Child Tax Credit extension: See if you’d qualify for the ramped-up credit
The bill proposes making the credit permanently fully refundable. Here’s what to know.
3 min read Apr 29, 2021
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3 ways Biden’s American Families Plans could change your taxes
The proposal includes changes to long-term capital gains and more.
5 min read Apr 29, 2021
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Open an IRA before the tax deadline to save on taxes
It’s not too late to get a tax deduction for your IRA contributions.
4 min read Apr 09, 2021
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Cryptocurrency taxes: A guide to tax rules for Bitcoin, Ethereum and more
The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.
5 min read Apr 01, 2021
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When are taxes due? Tax deadlines for 2021
The deadline for filing your 2020 taxes is May 17, 2021. Here’s what else to know.
2 min read Mar 18, 2021
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IRS will extend 2020 income tax filing deadline to May 17
It is the second year in a row that filings have been extended for taxpayers.
1 min read Mar 17, 2021
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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.
4 min read Jan 28, 2021
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2020-2021 gift tax: What it is, how it works and who has to pay it
A special tax return is triggered if you give a gift and exceed the gift tax limit.
3 min read Jan 22, 2021
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IRS delays the start of tax filing season until Feb. 12
The agency usually starts accepting tax returns in late January.
1 min read Jan 15, 2021