Tax guidance and resources

Latest Articles

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  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 06, 2021
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  Kentucky state taxes 2021: Income and sales tax rates

  Kentucky uses a flat income tax rate of 5% for single and married filers.

  1 min read Nov 24, 2021
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  Michigan state taxes 2021: Income and sales tax rates

  Michigan residents pay an income tax rate of 4.25%.

  1 min read Nov 24, 2021
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  Georgia state taxes 2020-2021: Income and sales tax rates

  There are six tax brackets for Georgia income taxes: 1%, 2%, 3%, 4%, 5% and 5.75%.

  2 min read Nov 17, 2021
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  Connecticut state taxes 2020-2021: Income and sales tax rates

  There are seven income tax brackets in Connecticut: 3%, 5%, 5.5%, 6.0%, 6.5%, 6.9% and 6.99%.

  2 min read Nov 15, 2021
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  Is a state with no income tax better or worse for your finances?

  Before taking a side in the debate, consider these factors.

  6 min read Nov 12, 2021
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  California state taxes 2021-2022: Income and sales tax rates

  California has nine tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%.

  2 min read Nov 12, 2021
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  Florida state taxes 2021-2022: Income and sales tax rates

  Florida is one of only nine states that doesn’t charge an income tax.

  1 min read Nov 12, 2021
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  Mississippi state taxes 2021: Income and sales tax rates

  If you live in or work for a company in Mississippi, you might have to file a state income tax return.

  1 min read Nov 11, 2021
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  Maine state taxes 2022: Income and sales tax rates

  Maine residents will fall into one of three tax brackets.

  1 min read Nov 11, 2021
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  2020 tax brackets

  There are seven tax brackets for most ordinary income for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

  Nov 11, 2021
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  Indiana state taxes 2021: Income and sales tax rates

  Indiana has a flat income tax, meaning you pay the same tax rate regardless of income.

  1 min read Nov 08, 2021
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  State and local tax (SALT) deduction: What it is and how it works

  This deduction allows some taxpayers to deduct the money they spend on state and local taxes.

  3 min read Nov 08, 2021
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  Tax filing 2022: How to file your taxes

  It’s time to start thinking about filing your 2021 taxes and what information you’ll need to submit a tax return.

  4 min read Nov 08, 2021
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  Alternative minimum tax 2020-2021: What it is and who has to pay

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

  3 min read Nov 06, 2021
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  The 9 best tips to help you prepare for tax-filing season

  Do all you can to reduce your tax bill, even if your financial situation is simple and straightforward.

  7 min read Nov 05, 2021
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  Gross vs. net income: What’s the difference?

  Learn how these differ and how they both can impact your budget.

  3 min read Nov 04, 2021
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  5 tax deductions for rental property

  You can claim a range of tax deductions related to the running of the property itself and even to running a business.

  3 min read Nov 04, 2021
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  Consumption tax: What it is and how it works

  A consumption tax is one that applies to the sale or purchase of a good or service.

  3 min read Nov 04, 2021
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  Excise tax: What it is and how it works

  Excise taxes apply only to certain products and can be charged either as a percentage of a sale or on a per-unit basis.

  3 min read Nov 03, 2021