Solutions to Make Better Decisions with Your Money

10 Common Tax Mistakes That Could Cost You

10 Common Tax Mistakes That Could Cost You - TaxACT Blog

The U.S. tax code runs nearly 4 million words. But even though the tax rules are complex, most of the mistakes that taxpayers make are fairly simple. Here are 10 of the most common tax mistakes that trip us up and how to avoid them: Not filing on time The IRS estimates that 20 percent […]

You Still Have Time to Maximize Your Refund with These Six Year-End Moves

Six Year-End Strategies to Boost Your Tax Savings - TaxACT Blog

Regardless of the outcome of the IRS open date, you still have time to maximize refunds, and get a head start on your return to be first in line to get your refund. Here are six things you can do now to increase your tax savings:

Weekly Favorites: 9 Money Moves to Make Before the End of the Year, and more

TaxACT Weekly Favorites

TaxACT Weekly Favorites: October 31, 2014 The 5 Biggest Tax Differences Between an LLC and Corporation By Nellie Akalp Among the many decisions you need to make when launching a business is selecting a business structure. If you do nothing, your business, by default, is structured as either a general partnership (multiple owners) or sole […]

Weekly Favorites: Time to Make Year-End Tax Moves — and more

TaxACT Weekly Favorites

TaxACT Weekly Favorites: October 24, 2014 6 Do’s and Don’ts for an Energy-Efficient Home by Sally Herigstad Fall is here, and with it higher energy bills. You’re on the right track if you’re already thinking of ways you can save money this winter. Not all measures you can take to have an energy-efficient home are […]

Weekly Favorites: Why Starting To Save At 25 Means An Extra Six Figures In Retirement

TaxACT Weekly Favorites June 27 2014

TaxACT Weekly Favorites:  June 27, 2014 Why Starting To Save At 25 Means An Extra Six Figures In Retirement via Maggie McGrath A picture might be worth a thousand words, but when it comes to the state of retirement savings for the youngest generation of workers in the U.S., the numbers create a picture that […]

Weekly Favorites: Paying Bills — You’re Doing it Wrong, plus more

TaxACT Weekly Favorites June 20 2014

TaxACT Weekly Favorites:  June 20, 2014 Drowning in Student Loan Debt via CNN Money I am my family’s first college graduate. The choices I had were: staying on in the housing projects where I grew up, or student loans. So I took the loans to improve my life. Since I graduated in December, I have […]

Weekly Favorites: College Financing’s Secret Weapon—Granny and Grandpa, and more

TaxACT Weekly Favorites June 6

TaxACT Weekly Favorites:  June 6, 2014 Paying For College: A 21-Step Guide To Preserving Wealth via Forbes If you are the parent of a college-bound child—of any age—you should be thinking right now about how your family will finance the degree. The difference between doing it right and not doing it right could easily be […]

Track Your Charitable Donations to Save You Money at Tax Time

Track Your Charitable Donations to Save You Money at Tax Time

To view the Donation Assistant by TaxACT infographic, click here. Making charitable donations makes a difference to those in need and can save you money at tax time. Donation Assistant by TaxACT is a free mobile app that helps track goods and money you donated to charitable organizations. Your donations can then be easily imported […]

4 Frequently Asked TaxACT TaxPayer Support Questions

4 Frequently Asked TaxACT TaxPayer Support Questions

How do I amend my federal return? First, be sure to PRINT a copy of the original return that you filed (this will be your only record of the return as it was when you filed it once you make the corrections for the amendment). Next, you’ll need to modify/add/delete the information in your return […]

File Simple Federal Taxes Easy, Fast & Free on Your Mobile With TaxACT Express

File Simple Federal Taxes Easy, Fast & Free on Your Mobile With TaxACT Express

It felt like winter was never going to end and so the April 15 tax filing deadline sounded like light-years away. Now reality has set in — it’s April, and you still need to file taxes! Don’t panic -grab your tax documents, download the TaxACT Express app, and you’ll be done in minutes.

You Got This Weekly Series: What are the Tax Benefits of Purchasing a Home?

You Got This - TaxACT

Each week we will answer one of the most frequently asked questions on Facebook, Twitter and TaxACT’s Blog in the “You Got This” Weekly Series. Question: I am thinking of buying a new home. What are the tax benefits? Anna via Facebook Answer: Purchasing a home is a major life decision and there are numerous things to consider in your decision-making process. […]

You Got This Weekly Series: The Tax Implications of Investing in a Business

You Got This - TaxACT

Each week we will answer one of the most frequently asked questions on Facebook, Twitter and TaxACT’s Blog in the “You Got This” Weekly Series. Question: I invested enough to fund the expected expenses in my son’s golf business to cover 3 years as did one other investor. The account can be drawn from to cover travel, food, anything that promotes […]