Solutions to Make Better Decisions with Your Money

10 Things to Consider Before Buying Your First Home

10 Things to Consider Before Buying Your First Home - TaxACT Blog

For most individuals and families, buying a home represents the biggest purchase they will ever make.

While buying a house can be a terrific investment, it should be done with great prudence, planning and comparison shopping.

When is the best time to buy? How can you get the lowest interest rate on a mortgage? How much should you save up for a down payment?

We’ve assembled a list of the 10 things you should know before taking the big plunge in buying your first home.

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10 Smart Tips for Repaying Student Loans

10 Smart Tips for Repaying Student Loans - TaxACT Blog

With the cost of college increasing every year, tens of millions of students rely on loans to cover the rising expense of tuition, fees, books, and room and board. The average 2014 college graduate has $33,000 in student loan debt, more than any … [Continue reading]

The College Conversation Every Parent Must Have With Their Kids — Your Complete Guide

The Tough College Conversation Every Parent Must Have With Their Kids - TaxACT

One of the reasons parents put off critical conversations, in this case the tough college conversation, is because they feel the conversations may jeopardize the relationship. That’s why the “how” of the chat is essential. When I discuss hard … [Continue reading]

Small Business Week — 7 Strategies for Saving and Tax Planning

Small Business Week - TaxACT Blog

National Small Business Week Edition. National Small Business Week, organized by the Small Business Administration, recognizes the contributions of entrepreneurs and small business owners across the nation for the critical impact they have on … [Continue reading]

How to Start a Side Hustle and Stop Stressing about Saving

How to Start a Side Hustle and Stop Stressing about Saving - TaxACT Blog

Pay yourself first. Set financial goals. Automate your savings. It doesn’t matter which version of this personal finance mantra you’ve heard, it all means the same thing: saving money is an important part of your financial health. But with the … [Continue reading]

5 of the Most Common Money Myths Busted

5 of the Most Common Money Myths Busted - TaxACT Blog

Since money means different things to different people, it’s no surprise myths are abundant. Friends, parents, teachers, and even those you look to as financial professionals, can perpetuate these myths. So let’s examine five of the most common … [Continue reading]

10 Events to Consider When Planning Your Child’s Financial Future

10 Events to Consider When Planning Your Child’s Financial Future - TaxACT Blog

You want the best for your children: good health, a great education and solid financial security. And if you want that last part to include money for college or a financial lifeline for an accident or illness, the time to start planning is now — … [Continue reading]

What to Do after Filing a Tax Extension

What to Do after Filing a Tax Extension - TaxACT Blog

If you didn’t quite finish your tax return by April 15, filing for a tax extension was a smart move. It’s easy to mail Form 4868, Application for Automatic Extension of Time to File, to the IRS and get another six months to put everything … [Continue reading]

How to File a Tax Extension – And 3 Reasons Not To

How to File a Tax Extension – And 3 Reasons Not To - TaxACT Blog

For many of us, there never seems to be a convenient time to get everything together and prepare our taxes. That sometimes means filing for an automatic extension of time to file your income taxes. This is a smart move if you don't have all … [Continue reading]

How to File an Amended Tax Return with Form 1040X

How to File an Amended Income Tax Return with Form 1040X - TaxACT Blog

No matter how carefully you gather the information for your income tax return, sometimes you find something after you file that should have been included. Perhaps you remember you spent money on energy saving equipment for which you should have … [Continue reading]

I Didn’t Pay Quarterly Taxes — How Do I Figure out the Penalty?

I Didn't Pay Quarterly Taxes — How Do I Figure out the Penalty? - 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 did my wife's taxes for the first time this year and it turns out she/we should have been … [Continue reading]

How Doing Your Own Taxes Makes You Smarter about Your Finances

How Doing Your Own Taxes Makes You Smarter about Your Finances - TaxACT Blog

As part of the TaxACT #DIYtaxes blog tour, personal finance bloggers and experts from around the web share stories and tips about doing your own taxes and how it makes you smarter about the overall health of your finances. Check out the stops made … [Continue reading]

What Is Form W-2 and How Does It Work?

What Is Form W-2 and How Does It Work? - TaxACT

If you work for an employer, then your employer withholds income taxes from each of your paychecks. That’s because both federal and most state governments collect income tax year-round, not just on April 15. Every January or early February, you … [Continue reading]