Tax guidance and resources

Latest Articles

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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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  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
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  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
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  How are unemployment benefits taxed?

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

  3 min read Nov 03, 2021
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  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
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  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
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  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
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  Arizona state taxes 2021: Income and sales tax rates

  Arizona has four income tax brackets for filers.

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

  Tax credits can create substantial savings on your taxes.

  5 min read Nov 01, 2021
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  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
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  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