Solutions to Make Better Decisions with Your Taxes and Money

Welcome to our new weekly Q&A Series!

Every Wednesday throughout tax season, we’ll post an answer to a popular question we’ve received from tax filers just like you.

From retirement and healthcare to itemized deductions and depreciation, our team is here to arm you with the know-how you need to file your taxes confidently, accurately and for a fraction of the cost charged by the other guys!

Are unemployment benefits taxable?

Check to see if unemployment benefits are taxable.

Should I itemize or take the standard deduction?

Quickly determine if you should take the standard deduction or choose to itemize on your tax return.

Who can I claim as a dependent?

Find out if you have any qualifying dependents to claim on your tax return.

What is Form 1040?

Find out if you need to file Form 1040.

Is there any benefit to filing my return early?

Find out why filing your tax return early is the best decision you can make.

How are the child care tax credits different?

The Child Care Tax Credit and the Additional Child Care Tax Credit are different, but you can take advantage of both if you qualify.

What is the Earned Income Tax Credit?

Find out how the Earned Income Tax Credit can impact your tax return.

What is Form 1040A?

Learn about the filing requirements for Form 1040A, including the types of income you can report, from our own TaxAct tax guru.

What is Form 1040EZ?

Find out what the filing requirements are for Form 1040EZ.