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 pay. We don’t always include the car we sold […]
Archives for February 2015
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 you some serious money.
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 forgotten) your New Year’s resolution, there are over 10 months left in the year to get […]
One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to lower-income […]
You’ve successfully organized your tax documents and receipts to e-file your taxes fast with TaxAct. Congratulations! Now, where’s my refund? How the e-file and refund process works is a frequently asked question we get. The short answer is this…
It’s so easy to make a little cash now. Rent a room on Airbnb. Drive someone around town by Uber or Lyft. Sell used books and DVDs on Amazon, or a piano on eBay™. Tweet this It’s all good – until you get a tax bill you weren’t expecting. Then you get a Form 1099-MISC […]
College can be expensive, but the IRS offers a number of tax benefits for college students to make higher education more affordable for more Americans. Whether you’re a parent of a college student or paying your own way through school, here are 10 important things to know about college and taxes: