Solutions to Make Better Decisions with Your Taxes and Money

Don’t Leave Yourself Exposed! Protect Your Health and Financial Security

Don't Leave Yourself Exposed! Protect Your Health and Financial Security - TaxAct Blog

Having health insurance is one of the smartest moves you can make financially. Not only does health insurance help protect you and your family’s health; it helps protect your financial security.

An unexpected injury or illness can throw both your health and finances for a loop, and that is the last thing you need. (Did you know that unpaid medical bills are one of the leading causes* of personal bankruptcy in the United States?)

If you’re looking for health insurance for the rest of the year, you still have options even though Open Enrollment has ended.

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7 Tax Filing Tips Parents Need to Know

7 Tax Filing Tips Parents Need to Know - TaxAct Blog

The Internal Revenue Service (IRS) offers many deductions and credits that benefit parents and other taxpayers who claim dependents. To take advantage of these tax breaks, here are seven tax filing tips you need to know. … [Continue reading]

7 FAQs to Better Understand Form 1095-C

7 FAQs to Better Understand Form 1095-C - TaxAct Blog

Beginning this January, besides your usual Form W-2 from your employer, you may receive a new form related to the Affordable Care Act; Form 1095-C. If you purchased or received health insurance outside of the health insurance exchanges in 2015, … [Continue reading]

What You Need to Know About the Penalty for Not Having Health Insurance

What you need to know about the penalty for not having Health Insurance - TaxAct Blog

With the Affordable Care Act came the requirement that nearly every American have health insurance. (This is sometimes also called the individual mandate or individual share responsibility payment.) But people who are healthy may wonder whether … [Continue reading]

Avoid These Common Mistakes When You Are Shopping for Heath Insurance

Avoid these common mistakes when you are shopping for heath insurance - TaxAct Blog

Shopping for health insurance is probably not at the top of anyone’s list for fun things to do. But with just a little preparation, you can usually shop for and enroll in a plan in 15-20 minutes. Make sure you avoid these common mistakes, which … [Continue reading]

6 Steps to Minimizing Taxes on Retirement Income

6 Steps to Minimizing Taxes on Retirement Income - TaxAct Blog

If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is an important part of creating a successful retirement plan. You can live on a lot less if you’re not sending a large portion of your money … [Continue reading]

Welcome to the new TaxAct…and the best deal in tax!

Welcome to the new TaxAct - TaxAct Blog

As you may know, the do-it-yourself (DIY) tax preparation software industry has changed a lot over the past few years. In many cases, these changes have made it difficult for taxpayers to determine which DIY tax product is right for their tax … [Continue reading]

7 Tips for First Time Tax Filers

7 Tips for First Time Tax Filers - TaxAct Blog

You’ve probably heard people complain about having to file their taxes. Perhaps you’re a bit intimidated as a result. With tax season now upon us, the time has come for you to file your very first tax return. Filing your taxes probably isn’t as … [Continue reading]

Taxable vs. Nontaxable Income: What’s the Difference?

Taxable vs. Nontaxable Income: What’s the Difference? - TaxAct Blog

If you receive money, goods or services, you might have to pay tax on the value of what you receive as taxable income. That’s true for money you earn, as well as, any interest and dividends you receive on your investments. Unless the Internal … [Continue reading]