Solutions to Make Better Decisions with Your Taxes and Money

Archives for January 2015

11 Reasons You Won’t Have to Pay a Health Insurance Tax Penalty

It’s just about Super Bowl time, and the Oscars aren’t far behind, so maybe you’re making some bets in the office pool. (Of course we would never endorse illegal gambling!) You know, getting some skin in the game for a few bucks. While winning a fistful of cash would be nice, hopefully you won’t mind […]

6 Essential Items Military Families Should Know About Taxes

As a member of the U.S. Armed Forces, you have special situations that may affect your tax return. For instance, you may be able to take special deductions, and not all of your income may be taxable. In addition, you may have different state residency rules. When you use TaxACT as a member of the […]

How the Affordable Care Act May Impact Your 2014 Tax Return

The 2014 tax year brings some new changes, thanks to the Affordable Care Act, or ACA. You may need to answer more questions as you prepare your return, and you may have to pay more – or less – tax based on the provisions of the ACA. Here’s how the ACA may affect your 2014 […]

How Itemized Deductions Work

Don’t worry – the IRS doesn’t want to tax every last cent you earn.

How to Maximize Your Tax Deduction for Charitable Contributions

Choosing to donate to a charity typically isn’t solely driven by the potential tax break, but the chance to save a few bucks on your taxes  as a result is a nice perk. If you itemize deductions on your income tax return, the IRS allows you to write off the cash value of any contributions or […]

Tips for Filing Taxes for the First Time

You can’t fully understand many important things in life until you do them for the first time: riding a bike, getting your first job, and doing your taxes. Filing your income tax return is one of those adult rites of passage that can seem shrouded in mystery until you sit down to file for the […]

7 FAQs about Form 1095-A, Health Insurance Marketplace Statement

If you bought health insurance through the government health insurance marketplace in 2016, you will receive Form 1095-A, Health Insurance Marketplace Statement, in the mail. This form should arrive in your mailbox by January 31, 2017. Read on to get answers to 7 of the most common questions about Form 1095-A.

6 Tips for Organizing Your Tax Information to Make Tax Filing a Breeze

Maybe you’ve been filing your tax information away neatly in color-coded file folders all year, or scanning and saving them where you can find them in a second. All you need now is your Form W-2 and a few other forms that arrive in January, and you’re all set. That’s great. Most of us, unfortunately, […]

9 Tips for Getting the Biggest Tax Refund Possible

Updated for Tax Year 2015 There is something deeply satisfying about receiving a big, fat refund from the IRS. Your boss withholds a big slice of your paycheck each month for federal and state income taxes, and now is your chance to get some of that cash back. If your goal is to get the […]