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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How to cut your taxes using above-the-line deductions right on your Form 1040 or 1040a
Some taxpayers may claim up to a dozen deductions right on their Form 1040. Here’s how.
4 min read Mar 28, 2017 -
Tax lesson for teachers: Educator expenses can be written off
Teachers can deduct classroom supplies, professional development courses and more.
2 min read Mar 24, 2017 -
5 stupid tax mistakes to avoid this filing season
These dumb tax moves can affect your personal finances well beyond tax season.
2 min read Mar 22, 2017 -
Beware these 5 terrible tax surprises
Tax law is complex, even for the experts. Watch out for these trip-ups.
3 min read Mar 20, 2017 -
When a traditional IRA makes the most tax sense
You get a deduction upfront, but income limits apply if your employer offers a plan.
2 min read Mar 17, 2017 -
The earned income tax credit a boon for those who qualify, but it’s complicated
The earned income tax credit could wipe out your tax bill plus get you a refund.
4 min read Mar 16, 2017 -
IRS Schedule A deductions can lower your tax bill
It’s true! There are some good taxes, and you can use them to reduce your IRS bill.
2 min read Mar 14, 2017 -
Tax credits help with higher education
Families can get help via the American opportunity and lifetime learning tax credits.
3 min read Mar 10, 2017 -
The IRS has over $1 billion in unclaimed tax refunds. Is any of it yours?
The agency is sitting on over $1 billion in unclaimed refunds. See if you qualify.
2 min read Mar 08, 2017 -
2 ways to deduct your home office on your taxes
Determine which is best for you — the simplified or the regular home office deduction.
4 min read Mar 07, 2017 -
Tax breaks for the unemployed
While unemployment benefits are taxable, jobless folks may enjoy some tax breaks.
3 min read Mar 06, 2017 -
A how-to guide on claiming dependents on taxes: It’s not an intuitive exercise
Find out the rules of claiming dependents on taxes, whether it’s your child or relative.
5 min read Mar 03, 2017 -
Adopt a child? Be sure to adopt the tax breaks the IRS has for adoptive parents
Raising a kid is costly, but for adoptive parents, the IRS offers a big tax break.
4 min read Mar 02, 2017 -
IRS rules for claiming a parent as a dependent: 5 factors to consider
Are you caring for an aging parent? If so, you may qualify for some tax relief.
5 min read Mar 01, 2017 -
The 10 states with the highest taxes
These are the places where state and local taxes burden taxpayers the most.
1 min read Mar 01, 2017 -
Your job search expenses may be tax-deductible
You can write off certain job-hunting expenses, but there are rules and limits.
2 min read Feb 28, 2017 -
Got a hobby? It might qualify as a business, with all the extra tax breaks
Tax breaks on hobby income are less favorable than for a business. Here’s how it works.
3 min read Feb 27, 2017 -
7 wacky tax deductions to avoid in 2017 if you want to dodge a tax audit
Some taxpayers will try anything to reduce their taxable income, say seasoned CPAs.
5 min read Feb 21, 2017 -
6 ways the IRS helps pay for education via tax-favored savings plans, other tax breaks
These tax breaks can help reduce college costs, and one even helps younger students.
4 min read Feb 20, 2017 -
Wait 5 years to take an IRA withdrawal from Roth IRA conversion made last year?
You do have to wait five years to get at the earnings, but you still have options.
3 min read Feb 14, 2017
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