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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Latest Articles
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Estate taxes: Will the step up in basis be eliminated? Here’s what to know and how to prepare
People who inherit homes will want to pay close attention to this proposal.
3 min read May 25, 2021 -
Biden’s proposed Child Tax Credit extension: See if you’d qualify for the ramped-up credit
The bill proposes making the credit permanently fully refundable. Here’s what to know.
3 min read Apr 29, 2021 -
3 ways Biden’s American Families Plans could change your taxes
The proposal includes changes to long-term capital gains and more.
5 min read Apr 29, 2021 -
IRS will extend 2020 income tax filing deadline to May 17
It is the second year in a row that filings have been extended for taxpayers.
1 min read Mar 17, 2021 -
IRS delays the start of tax filing season until Feb. 12
The agency usually starts accepting tax returns in late January.
1 min read Jan 15, 2021 -
2019 tax brackets
For taxes due July 15, 2020, taxpayers fell into one of these brackets.
1 min read Nov 04, 2020 -
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Hit hard by the alternative minimum tax (AMT)? Here are 6 ways to reduce how much you owe
While it was designed to catch wealthy tax avoiders, the AMT may unwittingly snare many others too.
4 min read Oct 02, 2020
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- Claim medical expenses
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- The best tax software