Solutions to Make Better Decisions with Your Taxes and Money

Five Biggest Tax Mistakes Small Business Owners Make

5 Biggest Tax Mistakes Small Business Owners Make - TaxAct Blog

How you handle your recordkeeping and taxes can make a big difference in your success as a small business owner. Make sure to avoid these common tax mistakes small business owners make: … [Continue reading]

How to Repay Federal Student Loans

How to Repay Federal Student Loans – TaxAct Blog

Are you one of the 43 million Americans that need to repay federal student loans? With nearly $1.3 trillion in total student loan debt, Americans are often financially strapped by their student loans. And when it seems like those monthly payments are … [Continue reading]

Your Post-Grad Money Checklist — Are You Prepared?

Your Post-Grad Money Checklist – TaxAct Blog

After 12 years in school and another 4 years of college, you finally earned the right to toss your graduation cap in the air in celebration, only to have it come crashing down to the overwhelming reality of student loan debt, sky high living costs … [Continue reading]

3 Ways to Avoid a Gift Tax

3 Ways to Avoid a Gift Tax - TaxAct Blog

If you give away generous sums of money to a friend or family member, you may be required to pay a gift tax to the IRS.  However, with a little planning, you can afford to be quite generous before you have to break out Form 709 to report the amount … [Continue reading]

5 Things You Can Learn from Your Tax Return

5 Things You Can Learn from Your Tax Return - TaxAct Blog

If you already stashed away your tax return, you may want to dig it back out. There are a variety of things you can discover by reviewing each form and understanding the significant impact your taxes can have on your financial health. Now is a … [Continue reading]

Understanding the Difference between Itemized Deductions and the Standard Deduction

Understanding the Difference between Itemized Deductions vs  the Standard Deduction - TaxAct Blog

Itemized and standard deductions can be confusing – especially if you are relatively new to filing a tax return. Some people try to itemize when they are better off using the standard deduction. On the other hand, some taxpayers avoid itemizing … [Continue reading]

Pros and Cons of Refinancing Your Home

Pros and Cons of Refinancing Your Home - TaxAct Blog

The decision to refinance your home can be a tough one. Not only can the process of refinancing seem like a lot of work, it’s often hard to know who to trust as some lender’s advertised offers sound too good to be true. But, when mortgage rates are … [Continue reading]

Self-Employed? Check Out These Retirement Plans

Self-Employed? Check Out These Retirement Plans - TaxAct Blog

Being self-employed has its advantages. You don’t have a boss to tell you how many vacation days to take, or what retirement plans you have to choose from. On the other hand, you don’t have a boss to make you take your vacation time (or to pay for … [Continue reading]