Solutions to Make Better Decisions with Your Taxes and Money

How to File Taxes? — The Ultimate Tax Guide for College Students

How to File Taxes? — A Tax Guide for College Students - TaxAct Blog

Whether you’re heading off to college for the first time or well on your way to finishing your degree, being a college student presents special financial challenges. Knowing how college might affect your taxes can help you plan ahead and identify tax benefits that may make your finances a little easier while you’re hitting the […]

7 Best Tax Deductions, Exemptions, and Credits for Families

7 Best Tax Deductions, Exemptions, and Credits for Families - TaxAct Blog

While your children are young you have plenty of expenses. Fortunately, some of those expenses can directly or indirectly turn into deductions, exemptions or credits that may mean big savings on your tax bill. Take a look at the following tax benefits to see which ones could be beneficial for you.

5 Tax Advantages to Getting Married

5 Tax Advantages to Getting Married - TaxAct Blog

If you have plans to get married or recently tied the knot, you may wonder what the impact is on your taxes. You’ve no doubt heard about the “marriage tax” – an unofficial term for various parts of the tax code that can mean you pay more as a married couple than you would as […]

Tips to Meet the Small Business Tax Filing Extension Deadline

Tips to Meet the Small Business Tax Filing Extension Deadline - TaxAct Blog

The deadline for filing 2014 extended corporate and partnership tax returns is Tuesday, September 15, 2015. If you took an extension to file your corporate or partnership income tax returns, the deadline is almost here. By Tuesday, you must finish and file your return or face penalties for late filing.

Tax Information Same-Sex Married Couples Need to Know

Tax Information Same-Sex Married Couples Need to Know - TaxAct Blog

The Supreme Court has decided that the constitution gives same-sex couples the right to marry in all 50 states. If you are in a same-sex relationship, this change may have tax consequences for you now and in the future. Before this ruling, some states already allowed same-sex marriage. Since 2013, the Internal Revenue Service enabled […]

12 Things Business Owners Need to Know about the ACA

12 Things Business Owners Need to Know about the ACA - TaxAct Blog

If you have employees, you know that you may be required to provide health insurance for your employees or pay a fine under the Affordable Care Act (ACA). Providing health insurance coverage is just one facet of the ACA requirements you may have to meet. As the ACA becomes more fully implemented, additional reporting requirements […]

What Tax Forms Do I Use to File My Business Return?

What Tax Forms Do I Use to File My Business Return? - TaxAct Blog

Starting a new business and keeping it going through its first year is a great accomplishment. Congratulations! When you file a federal income tax return for your business, the paperwork and forms you will use depend on how your business is organized. Here’s how you’ll file your business return, based on your business type:

Do I Have to Pay Nanny Tax?

Do I Have to Pay Nanny Tax? - TaxAct Blog

If you pay someone to come to your house and take care of your children, you may wonder if you need to pay the “nanny tax.” Many household workers expect to be paid in cash, either because they are unbanked or don’t want to have taxes withheld. Who will know if you avoid all that […]

What’s the Difference between Estate Taxes and Inheritance Taxes?

What's the Difference between Estate Taxes and Inheritance Taxes? - TaxAct Blog

As of 2015, you can have an estate worth up to $5.43 million before you need to worry about federal estate taxes taking a bite out of the money and other assets you leave to your heirs. Therein lies the problem. If taxpayers stop worrying about death tax planning altogether, their heirs could be in […]