Taxes Basics
What is net income?
Net income provides a more accurate account of the financial status. Here’s why.
Tax deadlines for 2022
As of now, the deadline for filing your 2021 taxes is April 15, 2022
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
20 valuable small-business tax deductions
3 min read
Latest Articles
-
Capital gains tax on real estate and selling your home
There are ways to avoid a capital gains tax on a home sale so you can keep as much profit in your pocket as possible.
4 min read Oct 06, 2021
-
Tax credits vs. tax deductions: What’s the difference?
Knowing the difference can save you money come tax time.
3 min read Oct 05, 2021
-
12 ways to lower your taxable income this year
There are a number of steps you can take to ensure you don’t pay the IRS more than you have to.
2 min read Oct 05, 2021
-
Standard deduction vs. itemized deduction: Pros and cons, and how to decide
You have to do some math to determine which method to use, but it’s worth it.
3 min read Oct 04, 2021
-
Estimated tax payments: How they work and when to pay them
Income that is not subject to federal tax withholding requires you to pay estimated taxes.
4 min read Oct 04, 2021
-
Marginal vs. effective tax rate: What’s the difference?
These both help taxpayers understand how much they owe the IRS.
3 min read Oct 04, 2021
-
What happens if you can’t pay your taxes?
If you owe taxes but can’t afford to pay them, you have a few options.
3 min read Oct 04, 2021
-
Bonus tax rate 2021: How bonuses are taxed
When it comes to bonuses, employers can calculate your tax withholding in one of two ways.
4 min read Sep 29, 2021
-
How student loans impact your taxes
There are a few ways to include your student loans while filing your taxes.
6 min read Sep 29, 2021
-
Donation value guide for 2021
This list offers an idea of what your donated clothing and household goods are worth.
2 min read Sep 29, 2021