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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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 -
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 -
Modified adjusted gross income (MAGI): What it is and how to calculate it
You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.
2 min read Oct 18, 2021 -
How long you should keep tax returns and other IRS records
Here’s what to know about records to hang on to and how long you should keep them.
4 min read Oct 08, 2021 -
The most common tax scams and how to report them
Financial scams exist throughout the year but escalate before and during tax season.
3 min read Oct 08, 2021 -
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.
4 min read Oct 08, 2021 -
20 valuable small-business tax deductions
Learn more about the tax deductions that may be available to you.
3 min read Oct 06, 2021 -
How to get the student loan interest deduction
Those who qualify can deduct up to $2,500 of student loan interest per year.
2 min read Oct 06, 2021 -
Tax credits vs. tax deductions: What’s the difference?
Knowing the difference can save you money come tax time.
3 min read Oct 05, 2021 -
12 ways to lower your taxable income this year
There are a number of steps you can take to ensure you don’t pay the IRS more than you have to.
2 min read Oct 05, 2021 -
Standard deduction vs. itemized deduction: Pros and cons, and how to decide
You have to do some math to determine which method to use, but it’s worth it.
3 min read Oct 04, 2021 -
Estimated tax payments: How they work and when to pay them
Income that is not subject to federal tax withholding requires you to pay estimated taxes.
4 min read Oct 04, 2021 -
What happens if you can’t pay your taxes?
If you owe taxes but can’t afford to pay them, you have a few options.
3 min read Oct 04, 2021 -
How to file your taxes online
Most taxpayers already file electronically. Here’s a look at all the e-file options.
4 min read Sep 23, 2021 -
Tax withholding definition: When and how to adjust your IRS tax withholding
The goal is to have just the right amount withheld – as close as possible to your actual tax liability.
4 min read Sep 23, 2021 -
Sales tax deduction: What it is and how to take advantage of it
Here’s what the sales tax deduction is, what purchases are deductible and how to claim it.
4 min read Sep 22, 2021 -
2021 Form W-4: How to fill it out
This guide will walk you through how to fill out the form and other considerations.
6 min read Sep 22, 2021
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- Use the sales tax deduction
- Claim medical expenses
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- How to e-file taxes
- How long to get your tax return
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- When to pay estimated taxes
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- Tips for paying estimated taxes
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- The best tax software