Solutions to Make Better Decisions with Your Money

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 your information yet. It may be your only choice if you’re waiting for a partnership or other organization to send out forms, or if an illness or emergency prevents you from completing your return.

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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]

Filing Income as a Contractor (Didn’t Get Form 1099-MISC)

Filing Income as a Contractor (Didn't Get 1099-MISC) - 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: In 2013, I worked for a startup and was paid as a contractor. In 2014, I worked for the same … [Continue reading]

Read These 4 Last-Minute Tax Tips before You File

Read These 4 Last-Minute Tax Tips Before You File - TaxACT Blog

Whether you’re just getting started on your tax return or if it's almost complete, it pays to take a few minutes to read these last-minute tax tips: … [Continue reading]

Your Complete Guide to Employee Stock Options and Tax Reporting Forms

Complete Guide to Employee Stock Options and Tax Reporting Forms - TaxACT Blog

Employers often compensate employees with benefits other than just a pay check. Stock options and stock purchase plans are becoming increasingly popular. Here are some of the more common employee stock options and plans, and the necessary tax … [Continue reading]

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]

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 … [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]

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