You can do anything. #YouGotThis

You Got This Weekly Series: Can I Write-Off Dental Payments?

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: Can I use dental payments as a tax write-off and how much would I have to pay in for this to make a difference? Susie via Facebook

Most Common Tax Forms

Most Common Tax Forms - TaxACT

By the first or second week of February, you should have received informational statements from every employer you worked for last year. You should have also have received statements from places that paid you or to whom you made tax-related payments. By keeping these forms handy and grouping them by type, you can make preparing […]

Schedule C: Reporting Self-Employment Income from Multiple Sources

Schedule C: Reporting Self-Employment Income from Multiple Sources - TaxACT

How to decide if you have one or more Schedule C businesses? Self-employed individuals often have more than one activity going at once. You can report closely related activities together on one Schedule C. If you have unrelated activities, however, you must report them on separate Schedule Cs. Similar activities would include different lines of […]

You Got This Weekly Series: Will I Get a Tax Refund This Year?

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 worked part-time all year and I also collected unemployment. I get $100 each week for unemployment and $180 each month for my part-time job. I have two dependents […]

Weekly Favorites: IRS Takes a Bite Out of U.S. Olympic Medalists’ Winnings, and more

TaxACT Weekly Favorites

TaxACT Weekly Favorites:  February 14, 2014 The Pros and Cons of Tax Refunds By Kay Bell Here’s a quick look at some pros and cons of having Uncle Sam hold onto your money for months and then getting it back in a lump sum when the Internal Revenue Service gets around to it. Continue reading… Understanding […]

Tax Tips for 2014 That You Need to Know

Tax Tips for 2014 You Need to Know - TaxACT

For most people, the biggest change in 2014 is the individual mandate for purchasing health insurance. If you’re a high-income taxpayer, you may also pay higher tax rates and new taxes. If you qualify for certain tax breaks, you’ll be glad to know most of them are extended through 2014 or beyond. See if any […]

5 Capital Gains Mistakes that Could Cost You

5 Capital Gains Mistakes that Could Cost You

What you should know before you sell. If you’re thinking about selling assets, such as stock, you’d better plan ahead. A little planning now can save you lot of capital gains tax later when you file your return. Here are some mistakes to avoid and what you can do to keep from paying higher capital […]

Start Your FREE Return Now with TaxACT