Tax guidance and resources

Latest Articles

• 9 states with no income tax

  Looking for ways to lower your tax bill? Consider moving to one of these states.

  2 min read Jan 09, 2021

  

• Is credit card interest tax-deductible?

  Credit card interest on personal credit cards is not tax deductible, but interest on any card used exclusively for business purchases may be eligible for tax deductions.

  2 min read Jan 04, 2021

  

• The best tax software of 2021

  Here are our top picks for tax software, including free and paid options.

  4 min read Jan 03, 2021

  

• Who has to pay the alternative minimum tax (AMT)?

  The AMT has its own set of tax rates and requires a separate calculation.

  3 min read Jan 03, 2021

  

• Standard deduction vs. itemized deduction: How to decide

  You have to do some math to determine which method to use, but it’s worth it.

  3 min read Jan 03, 2021

  

• What is adjusted gross income (AGI)?

  Your adjusted gross income is unique to you and can be found on your Form 1040.

  3 min read Dec 23, 2020

  

• Standard deduction amount for 2020-2021: How much is it?

  The standard deduction is a set amount of money that’s not included as part of your taxable income when you file your taxes.

  3 min read Dec 23, 2020

  

• Itemized deductions: What they are and how they work

  An itemized deduction is a qualifying expense that may reduce how much you owe in taxes.

  2 min read Dec 20, 2020

  

• Medical expense deduction: How to claim medical expenses on your taxes

  You may be able to deduct certain medical expenses if they meet IRS requirements.

  3 min read Dec 20, 2020

  

• Tax credits vs. tax deductions: What’s the difference?

  Knowing the difference can save you money come tax time.

  3 min read Dec 18, 2020