Tax guidance and resources

Latest Articles

• 

  Are credit card fees tax deductible?

  Which credit card fees can you deduct for tax purposes?

  2 min read May 03, 2023
• 

  Can a Roth IRA be used for college?

  Here’s how to use a Roth IRA to pay for your child’s college tuition.

  5 min read Apr 26, 2023
• 

  Cryptocurrency taxes: A guide to tax rules for Bitcoin, Ethereum and more

  The IRS is stepping up enforcement on potential tax evasion by looking more closely at who’s exchanging cryptocurrencies.

  6 min read Apr 19, 2023
• 

  Need to report cryptocurrency on your taxes? Here’s how to use Form 8949 to do it

  Here’s what to know about declaring your capital gains and losses when using Form 8949.

  5 min read Apr 06, 2023
• 

  7 top tax tips for investors

  Pay particular attention to these areas and you may find some new ways to save on what you owe.

  5 min read Apr 06, 2023
• 

  How student loans impact your taxes

  There are a few ways to include your student loans while filing your taxes.

  5 min read Mar 28, 2023
• 

  Wash-sale rule: What to avoid when selling your investments for a tax loss

  Here’s what a wash sale is and how to easily avoid it while securing your tax write-off.

  5 min read Mar 27, 2023
• 

  Donation value guide for 2022

  This list of some common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.

  2 min read Mar 27, 2023
• 

  Alternative minimum tax 2022-2023: What it is and who has to pay

  The AMT has its own set of tax rates and requires a separate calculation.

  3 min read Mar 21, 2023
• 

  What is the long-term capital gains tax?

  Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

  9 min read Mar 10, 2023
• 

  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 Mar 10, 2023
• 

  Child tax credit: Here’s what to know for 2023

  Taxpayers with dependents can still take advantage of the child tax credit this year.

  4 min read Mar 06, 2023
• 

  What happens if you don’t file taxes?

  Regardless of what may cause a person to miss the tax-filing deadline, there are potential consequences.

  5 min read Mar 03, 2023
• 

  Standard deduction amount for 2022-2023: How much it is and when to take it

  Typically, taxpayers have two options: Take the itemized deductions or take the standard deduction.

  3 min read Mar 02, 2023
• 

  Survey: 69% of tax filers are anxious about their refunds due to inflation, smaller payouts and more

  How much do Americans depend on their tax refunds? A lot, according to a new Bankrate survey.

  8 min read Mar 01, 2023
• 

  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 Feb 28, 2023
• 

  Are personal loans taxable and considered income?

  In some cases, you should be prepared to pay taxes on your personal loan.

  2 min read Feb 27, 2023
• 

  Marginal vs. effective tax rate: What’s the difference?

  These both help taxpayers understand how much they owe the IRS.

  3 min read Feb 27, 2023
• 

  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 Feb 14, 2023
• 

  When are taxes due? Tax deadlines for 2023

  The deadline for filing your 2022 taxes is April 18, 2023. A 6-month extension can be granted.

  2 min read Feb 13, 2023