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
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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 -
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 -
How to use a personal loan to pay your tax bill
If you owe money to the IRS, you may want to consider taking out a personal loan.
5 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 net income? Definition and how to calculate it
Net income provides a more accurate account of the financial status. Here’s why.
2 min read Oct 22, 2021 -
How to write off bad debt
There are a few ways to offset losses from business debt or nonbusiness debt.
4 min read Oct 18, 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 -
Sales tax: Definition, how it works and how to calculate it
Sales tax is a type of consumption tax, meaning it taxes people for spending money
3 min read Oct 21, 2021 -
Sin tax: What it is, how it works and examples
A sin tax is a tax levied on a specific activity or good that is deemed harmful to individuals or society.
3 min read Oct 21, 2021 -
Tax Identification Number (TIN): What it is and how to get it
A TIN is a nine-digit tracking number assigned and used to identify a taxpayer.
2 min read Oct 20, 2021 -
Child tax credit 2021: How to qualify and how much you’ll get
Nearly 36 million Americans are eligible for the expanded credit.
5 min read Oct 20, 2021 -
This was the average tax refund last filing season
The average tax return for the 2020 tax year was $2,827, a 13.24 percent increase from the previous year.
2 min read Oct 18, 2021 -
What is gross income? How it works and why it’s important
A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.
3 min read Oct 18, 2021
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- The best tax software