Tax guidance and resources

Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.

Taxes Basics

Long-term capital gains tax basics

Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

9 min read

Cryptocurrency taxes: A guide

The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.

6 min read

Top tax tips for investors

Pay particular attention to these areas and you may find some new ways to save on what you owe.

5 min read

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.

2 min read

Latest Articles

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
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
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
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
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
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
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
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
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
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
Inheritance tax: What it is, how it works and how much it is

Only a handful of states have an inheritance tax, but it’s important to understand how they work.

3 min read Nov 03, 2021
How are unemployment benefits taxed?

If you receive unemployment benefits, you must pay taxes on that income.

3 min read Nov 03, 2021
Inheritance tax: Here’s who pays it and in which states

If you’re hoping to pass on wealth to a loved one, you’ll need to know how the inheritance tax works.

4 min read Nov 02, 2021
What is adjusted gross income (AGI)?

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

2 min read Nov 02, 2021
2020-2021 gift tax rate: What it is, how it works and who has to pay it

The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.

4 min read Nov 02, 2021
Arizona state taxes 2021: Income and sales tax rates

Arizona has four income tax brackets for filers.

2 min read Nov 01, 2021
What tax credits can I qualify for this year?

Tax credits can create substantial savings on your taxes.

5 min read Nov 01, 2021
What is the penalty for failure to file taxes?

IRS penalties for failure to file or pay taxes are onerous. Here’s what you must do.

2 min read Oct 22, 2021
When to hire a tax attorney

A tax attorney can help with trust and estate planning, settling tax disputes and more.

3 min read Oct 22, 2021
What is the Internal Revenue Service (IRS) and what does it do?

The IRS is responsible for assessing and collecting tax revenue in the United States.

4 min read Oct 21, 2021