Solutions to Make Better Decisions with Your Taxes and Money

7 Life Events That Qualify You for Special Enrollment Period

7 Life Events That Qualify You for Special Enrollment Period - TaxACT Blog

Under the Affordable Care Act you can usually only buy a health insurance plan, apply for subsidies to help pay for coverage, or switch plans is during the annual open enrollment period. The purpose of this rule is to keep people from waiting … [Continue reading]

A Complete Guide to Inheritance Tax

A Complete Guide to Inheritance Tax - TaxACT Blog

Most taxpayers no longer need to worry about the federal estate tax. Unless you expect to leave an estate worth more than $5.43 million or $10.9 million for couples (in 2015), Uncle Sam won’t take his share of the money and other assets you want … [Continue reading]

6 Tax Moves to Make Before the Summer’s Over

6 Tax Moves to Make Before the Summer’s Over - TaxACT Blog

It’s summer, and the last thing you probably want to think about is taxes. However, now is actually a perfect time to do a mid-year checkup. So in-between firing up the grill, hitting the pool and taking family vacations, take a few minutes to do … [Continue reading]

How Annual Bonuses Are Taxed — 7 Common Questions Answered

How Annual Bonuses Are Taxed - TaxACT Blog

Everybody loves an annual bonus. Not everyone understands how bonuses affect their tax returns, however, or even what is considered to be a bonus by the Internal Revenue Service (IRS). Sometimes, when people receives an annual bonus from their … [Continue reading]

IRS Sets July 31 as Deadline to File 2014 Tax Returns for ACA Premium Tax Credit

Deadline to File 2014 Tax Returns for ACA Premium Tax Credit - TaxACT Blog

The IRS has just announced some important information for taxpayers who filed an extension for the 2014 tax year. The deadline for filing your 2014 Federal return is October 15, 2015, but you may want to file sooner. If you purchased health … [Continue reading]

Money-Saving Tips for Wedding Season (When You’re the Guest)

Money-Saving Tips for Wedding Guests - TaxACT Blog

Receiving wedding invitations is exciting – the first two or three times. (Other than bills, it’s really the only way you receive snail mail anymore). But once you get four (or more!) wedding invites per season, the financial burden starts to add … [Continue reading]

ACA Advance Premium Tax Credits Continue

ACA Advance Premium Tax Credits Continue - TaxACT Blog

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of … [Continue reading]

6 Ways to Deal with High Medical Bills

6 Ways to Deal with High Medical Bills - TaxACT Blog

If you have high medical bills, it can be hard to know where to turn. Medical bills usually show up when people are least equipped to deal with them – when they or a member of their family is sick or injured. They may even be off work due to … [Continue reading]

6 Tips for Planning Next Year’s Taxes Now

6 Tips for Planning Next Year’s Taxes Now - TaxACT Blog

Smart taxpayers plan their tax year. They don’t wait until the year is over, and then prepare their taxes and see how much damage was done. The farther ahead you look to plan your tax situation, the better your chances of significantly reducing … [Continue reading]

Owe Taxes This Year? Here Are 5 Ways to Lower Next Year’s Tax Bill

Owe Taxes This Year? Here Are 5 Ways to Lower Next Year’s Tax Bill - TaxACT Blog

You’ve finished your taxes. You may have expected a refund, or maybe you knew you’d have taxes to pay when you filed your return. Either way, writing more than a small check to the Internal Revenue Service is an experience you’d rather not … [Continue reading]

3 Hacks to Pay down Student Loan Debt Faster and with Less Interest

3 Hacks to Pay down Student Loan Debt Faster and with Less Interest - TaxACT Blog

A few years ago a co-worker of mine suddenly proclaimed, “Well that can’t be right!” Naturally assuming she meant something to do with work, a few of us turned around and inquired what she was talking about. “I just did the math and I think that … [Continue reading]

5 Shortcuts to Creating a Budget That Sticks

5 Shortcuts to Creating a Budget That Sticks - TaxACT Blog

We know we need budgets. They’re absolutely essential to good management of our finances. Creating a budget is also the last thing most of us want to do. We may have no idea where to start. The idea of budgeting sounds like the stuff of ledger … [Continue reading]

Financial Advice All High School and College Graduates Must Know

Financial Advice All Recent Graduates Must Know

Graduation is a thrilling and terrifying time for high school and college graduates alike. Even with four significant years separating those monumental moments, five basic pieces of financial wisdom hold true for both sets of … [Continue reading]

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