Tax guidance and resources

Latest Articles

• 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

  

• Tax refund schedule 2021: How long it takes to get your tax refund

  Here’s what you need to know to predict how long you’ll wait for your refund.

  3 min read Dec 18, 2020

  

• This was the average tax refund last filing season

  The IRS has issued more than 168 million refunds for the 2019 tax year. Here’s how much money was refunded.

  2 min read Dec 18, 2020

  

• How long should you keep IRS tax records?

  Here’s what to know about records to hang on to and how long you should keep them.

  4 min read Dec 18, 2020

  

• Where’s my refund? How to track your tax refund

  Taxpayers can follow their refund online, by phone or with an app.

  4 min read Dec 17, 2020

  

• Student loan interest deduction: What it is and how to claim it

  Those who qualify can deduct up to $2,500 of student loan interest per year.

  2 min read Dec 17, 2020

  

• How to take advantage of the sales tax deduction

  Here’s what the sales tax deduction is, what purchases are deductible and how to claim it.

  4 min read Dec 17, 2020