Solutions to Make Better Decisions with Your Money

Where’s My Refund? Step-by-Step Timeline of your Tax Refund

Where’s My Refund? Step-by-Step Timeline of your Tax Refund - TaxACT Blog

From the time you prepare and file your tax return, to the day you find your tax refund in your mailbox or your bank account, you’re never alone.

Here is a timeline of your tax refund and where you can find help when you need it.

Where’s my refund?

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Education Tax Credits and Deductions — Too Good to Be True?

Education Tax Credits and Deductions: Too Good to Be True? - TaxACT Blog

In the “You Got This” Weekly Series, we will answer a question from our customers found on Facebook, Twitter, TaxACT’s Blog and around the web. Question: I am a graduate student and I receive nearly full remission of tuition and fees from my … [Continue reading]

Owe Too Much Tax? 4 Ways to Lower and Pay Your Tax Bill

Owe Too Much Tax? 4 Ways to Lower and Pay Your Tax Bill - TaxACT Blog

For some people, not getting a big income tax refund is a terrible disappointment. The only thing worse is having to pay even a small amount to Uncle Sam at the end of the year. When you finish your taxes and discover you owe a small amount of … [Continue reading]

If Income from ESPP/ISO Shares Sold Appears on W-2, Do I Need to Adjust Basis from Form 1099-B?

Do I Need to Adjust Basis from Form 1099-B? - TaxACT Blog

In the “You Got This” Weekly Series, we will answer a question from our customers found on Facebook, Twitter, TaxACT’s Blog and around the web. Question: After entering my info into Form 1099-B, I think I'm getting double taxed on the sale of my … [Continue reading]

How to Maximize Tax Deductions and Credits

How to Maximize Tax Deductions and Credits - TaxACT Blog

Paying income taxes is the civic duty of all Americans, with the money helping to pay for national defense, highways, schools and police departments, among other things. While we’re happy to pay our fair share, no one wants to pay too much income … [Continue reading]

I Ran a Successful Crowdfunding Campaign, How Do I Need to File This for Tax Purposes?

How To Claim Crowdfunding Campaigns on Tax Return - TaxACT Blog

In the “You Got This” Weekly Series, we will answer a question from our customers found on Facebook, Twitter, TaxACT’s Blog and around the web. Question: I ran a successful crowdfunding campaign last year for a medical need (service animal) for my … [Continue reading]

10 Tax Deductions Every Current and Future Retiree Should Know

10 Tax Deductions Every Current and Future Retiree Should Know

You’ve finally reached your 66th birthday, and it’s time to say goodbye to the daily grind and set off on a life of retirement ease. Or so we think. In truth, retirement for most of us will require careful budgeting and smart financial planning … [Continue reading]

Is a 401(K) Really the Right Way to Save for Retirement?

Is a 401(K) Really the Right Way to Save for Retirement?

The 401(k) retirement plan, first popularized in the 1980s, is an excellent way to put aside money for retirement. Like other retirement plans — traditional IRA or Roth IRA — a 401(k) invests your money in a customized mix of individual stocks, … [Continue reading]

4 Ways to Deduct Interest on Your Tax Return

4 Ways to Deduct Interest on Your Tax Return - TaxACT

For many people, home mortgage interest is the most important tax deduction they take. It’s not the only type of interest that can be deducted, however. If you look a little further, you may find other types of interest that can save you money on … [Continue reading]

Setting and Sticking to Your Financial Limits

Setting and Sticking to Your Financial Limits - TaxACT Blog

Guidelines are helpful tools, but generic personal finance advice can ultimately end up hurting your wallet. Your budgeting strategy needs to be tailored to your specific money goals. Tips like 50/30/20 can help get you started, but what if you … [Continue reading]

What Are Capital Gains? A Guide to When These Taxes Apply

What Are Capital Gains? - TaxACT Blog

If you sold something – a house, a car, some stock, or even gold or silver coins – you may have a capital gain or loss. When we think of taxable income, most of us primarily think of our earned income, such as wages or self-employment … [Continue reading]

10 Job-Related Tax Benefits That Could Save You Some Serious Money

10 Job-Related Tax Benefits - TaxACT Blog

There’s more to a good job than a steady paycheck. Full-time employment can earn you all sorts of perks — from employer-sponsored health insurance to generous deductions on your tax return. Here are 10 job-related tax benefits that could save … [Continue reading]

Release Yourself from the Shackles of Credit Card Debt in 2015

How to Eliminate Credit Card Debt in 2015 - TaxACT Blog

Getting financially fit is the second most common New Year’s resolution, after weight loss, of course. For many Americans, getting financially fit means dropping the weight of credit card debt. Even if you’ve already stumbled and screwed up (or … [Continue reading]