Solutions to Make Better Decisions with Your Money

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 […]

7 Common Questions about Cost Basis

7 Common Questions about Cost Basis - TaxACT

What is cost basis, and how do you go about finding it? You’re making great progress on your tax return, when suddenly you need to enter something called a “cost basis” for an asset. If only that were as simple as remembering what you paid for the asset. Here are 7 questions and answers about […]

5 Good Reasons to File a Tax Extension

5 Last-Minute Tax Tips - TaxACT

April 15 is coming fast. For some of us, it’s coming too fast. We might not be quite ready to file our federal and state income taxes for one reason or another. Most people know they can file for an extension and get extra time. They may hate to do that, however, if they’re not […]

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.

5 Questions Typically Asked about Filing an Amended Tax Return

5 Questions Typically Asked about Filing an Amended Tax Return - TaxACT

Everybody makes mistakes – there are no exceptions. If you discover an error or something you missed on your return after you filed it, don’t panic. Fortunately, most mistakes in life can be fixed, and your tax return is no exception.

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. […]

3 Reasons to Buy Health Insurance During Tax Season

3 Reasons to Buy Health Insurance During Tax Season - TaxACT

Tax Day is nearly upon us, and even if your finances are in perfect order, it’s hard not to breathe a sigh of relief when you’ve finally filed your tax return. Compiling information and receipts for 365 days’ worth of personal and business transactions can sometimes feel like an insurmountable task. Tax season is actually […]

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 […]

6 of the Most Popular Questions from TaxACT Customers

5 of the Most Popular Questions from TaxACT Customers

What if I don’t remember my TaxACT Online username or password? If you have forgotten your username or password to your TaxACT Online account, you may still gain access to your account by following these easy steps:

You Got This Weekly Series: Can Work-Related Driving Expenses Be Deducted On My Tax Return?

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: If I drive 65 miles one way to my job and have tolls to pay there and back, what is deductible on my taxes? Hilary via Facebook Response:

Weekly Favorites: Stop Overpaying the IRS, and more

TaxACT Weekly Favorites March 14 2014

TaxACT Weekly Favorites:  March 14, 2014 Stop Overpaying the IRS via Kay Bell on Bankrate.com The average federal tax refund so far this filing season is $3,034. The Internal Revenue Service says that most taxpayers get refunds each year. The size of the average tax refund is probably the main reason that so many intentionally have […]

Check Your Tax Return Status Anytime, Anywhere

Check Your Tax Return Status Anytime, Anywhere - TaxACT

The hard part is done. You’ve filed your taxes. Now you want to know – was your return accepted and when should you expect that refund from the IRS? TaxACT has a free app for that – Tax Return Status by TaxACT. Who Can Use Tax Return Status by TaxACT?

You Got This Weekly Series: Should Self-Employment Income from More Than One Business Be Reported as One Income or Separately?

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: Do self-employed, not as in owning their own business, but as representatives of companies like Avon and Mary Kay, need to report their income separately on their tax return or can the multiple incomes be […]