Solutions to Make Better Decisions with Your Money

About Susan Johnston

Susan Johnston is freelance writer who's covered personal finance and small business for publications including, The Boston Globe,,, and Follow Susan on Twitter.

The Eerie Presence of Phantom Income

What is Phantom Income? - TaxACT Blog

Halloween evokes spooky images of ghosts and goblins. These specters may not be visible to the eye, but rumor has it, their eerie presence can be felt. Similarly, so-called “phantom income” is money that you don’t actually pocket, but the IRS still treats those funds as taxable income. Nobody likes getting a larger than expected […]

5 Money Books Every Millennial Should Have on Their ‘to-Read’ List

5 Books about Money Every Millennial Needs to Read - TaxACT Blog

Looking to d­elve deeper into financial topics like creating a budget, paying off debt and saving for retirement? These five books offer advice that’s relevant to the financial concerns and needs of Generation Y:

4 Money Mistakes Millennials Make

4 Money Mistakes Millennials Make - TaxACT

Ever kick yourself for not planning ahead financially or for making purchases you later regretted? You’re not alone. It’s easy to make a few missteps when you’re first starting out and still learning how to stick to a budget. Although there are a few things other generations can learn from Millennials, here’s a look at […]

5 Money Lessons for Millennials Other Generations Can Learn From

5 Money Lessons for Millennials - TaxACT

Generation Y has been called lazy, entitled know-it-alls. But the harsh reality is that this generation also graduated into one of the toughest job markets with some of the highest student loan debt, so they’ve had to be scrappy to find their financial footing in an uncertain economic climate. As a result, today’s twenty and […]

5 Money Myths Debunked

Money Myths Debunked - TaxACT

Everyone has an opinion about money and how it should be spent. Ever hear that you should avoid debt at all costs? Or that home ownership should be your ultimate financial goal? Well, those are common beliefs, but they aren’t necessarily true for everyone. Here, we look at five all too common money myths.

5 Little Known Ways to Successfully Live on Irregular Income

5 Tips for Living on an Irregular Income

Are you among the millions of Americans who piece together a living by freelancing, contracting, or running side hustles? The so-called “gig economy” has shed light on a growing class of workers who don’t collect a steady, guaranteed paycheck from a single employer. Perhaps they run an Etsy shop while bartending on weekends. They might […]

What I’d Tell My 21-Year-Old Self About Money

What I’d Tell My 21-Year-Old Self About Money | TaxACT

As a new crop of college graduates enter the real world following graduation season, many of them will be new to renting apartments and paying their own credit card bills for the first time. In reflecting on the months following my own graduation and entrance into the working world, here’s what I’d tell my younger […]

5 Things You Didn’t Know Were Negotiable

5 Things You Didn't Know Were Negotiable - TaxACT

You probably know already that you can negotiate the price of a car or house, but did you realize that smaller items might be negotiable, too? Here’s a look at five expenses you didn’t know were negotiable, along with strategies for haggling in each category.

Answering These 5 Questions Might Make You Think Twice before Buying a Home

5 Essential Questions to Consider before Buying a Home - TaxACT

Dreaming of buying a home? Some Americans grew disillusioned with homeownership during the housing bust, but the real estate market is showing signs of recovery in many parts of the country. Before you buy a home, though, consider these five questions to gauge your readiness.

5 Reasons You Overspend—And How to Avoid Them

5 Reasons You Overspend—And How to Avoid Them - TaxACT

Have you ever checked your bank balance partway through the month and wondered where all your money went? Spending as much money (or more) than you make each month won’t lead to long-term financial security, but many people do it. If you consistently struggle to cover your bills each month, then a solution might be […]

5 Ways to Use Your Tax Refund

5 Ways to Use Your Tax Refund - TaxACT

Are you expecting a tax refund this year? You’re in good company, as millions of Americans are in the same boat. As of early March, the IRS reported an average tax refund of just over $3,000, up three percent compared to the average refund at the same time last year. While a refund can feel […]

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