Filing Taxes

Filing taxes is an annual chore, and the tax code is complicated. Find tax forms and advice you need to file your tax return this year and pay the IRS.

Tax Basics

Long-term capital gains tax basics

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

10 min read

2024-2025 tax brackets

Knowing your federal income tax bracket can help you manage your money better. Here are the federal tax brackets and income tax rates for 2025 and 2024.

8 min read

Section 179 vs. bonus depreciation

The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.

6 min read

10 tax deductions and tax credits

These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.

7 min read

Latest Tax Filing Articles

Is mortgage payment help taxable?

The IRS taxes mortgage payments made by your insurer, but you can still deduct interest.

1 min read Feb 08, 2011
3 tips on finding a tax attorney

Here are some tips on what to look for in your tax attorney.

1 min read Feb 04, 2011
Are tax rates higher if you get married?

When you say ‘I do,’ are you agreeing to pay the IRS more in taxes every year?

1 min read Jan 25, 2011
When policyholders become shareholders

An opportunity exists for legally avoiding taxes on the demutualization proceeds.

1 min read Jan 13, 2011
2010 exemption amounts

You can take an exemption for yourself, your spouse and each dependent you claim.

1 min read Jan 05, 2011
How the new tax law affects your 2010 taxes

Many of the provisions that expired in December 2009 are now in effect for the 2010 tax year.

3 min read Dec 20, 2010
Capital gains on sale of money pit

The insurance settlement for a sinkhole and subsequent sale are treated as the sale of your home.

1 min read Dec 14, 2010
Workers’ comp from agency not taxed

The general rule is that workers’ compensation benefits are tax-exempt to the recipient.

3 min read Dec 02, 2010
Audio: Best, worst states for business?

States with business-friendly tax systems will successful in attracting new companies.

1 min read Nov 19, 2010
5 questions to ask your tax attorney

Do you need a tax attorney? Here are five questions to ask to find the right one for your situation.

1 min read Nov 17, 2010
Tax law means bigger 2011 paychecks

Make sure your employer is withholding the lower tax rate on your 2011 paycheck.

1 min read Nov 07, 2010
Choose your tax preparation service wisely

You have a wealth of options when choosing a tax preparer. That means more chances to make a wrong choice.

1 min read Aug 31, 2010
Volunteer vacations let you help others

If you unwind best by working, take a volunteer vacation and get tax breaks, too.

3 min read Aug 31, 2010
Owe the IRS taxes from years ago

The IRS has 10 years from the date the tax is assessed to collect any unpaid balance.

2 min read Aug 26, 2010
How to lower business income and taxes

It’s more profitable for business owners to hire a CPA who can provide alternative tax strategies.

1 min read Aug 24, 2010
Woman ineligible for homebuyer tax credit

Even if you have no ownership interest in your spouse’s home, you cannot get a tax credit.

2 min read Aug 03, 2010
5 ways to cut small-business taxes

Hiring family members to help you run your business is one less obvious way you can save on taxes.

1 min read Jul 27, 2010
Ex cannot claim mortgage interest deduction

Because the ex won’t make house payments, she can’t take any deductions relating to her former home.

2 min read Jul 06, 2010
How to handle a tax collector

It’s likely that you’ve been contacted by a scam artist rather than an IRS agent, says the Tax Adviser.

2 min read Jun 17, 2010
Is depreciation recapture necessary?

A couple who sold rental property wonders what forms they need to recapture depreciation.

3 min read Jun 10, 2010