Solutions to Make Better Decisions with Your Taxes and Money

Tax facts for members of the Sharing Economy, including Uber and Lyft drivers

Tax facts for Uber and Lyft Drivers – TaxAct Blog

The business of sharing your car with a total stranger or using it to run various errands is becoming a multi-billion dollar marketplace and many people are taking advantage of this new-age way to earn a buck. In fact, between 2012 and 2015, 10.3 … [Continue reading]

Are political contributions tax deductible?

Are political contributions tax deductible? - TaxAct Blog

As this year’s presidential election season hums along, campaign contribution totals have well exceeded 800 million dollars – and they continue to rise. With this level of fundraising, one question is sure to come to mind – are political … [Continue reading]

Top Money-Saving Tips for College Graduates

Top Money-Saving Tips for College Graduates - TaxAct Blog

A few months ago the thought of walking across that commencement stage may have left you feeling anxious with anticipation over the prospect of leaving your protected college bubble. And now, as you’re quickly becoming acclimated with the “real … [Continue reading]

Cheap Summer Activities for Adults and Families

Cheap Summer Activities for Adults and Families - TaxAct Blog

Summer is the season of doing. Household projects, vacations, exercise and all varieties of entertainment tend to take center stage from June to August. But, how do you pay for it all? Short of taking out a loan, you may need to cut some expenses … [Continue reading]

Five Big 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

Did you know almost 43 million Americans have federal student loans? With nearly $1.3 trillion in total student loan debt, many Americans are financially strapped by their student loan debt. And when it seems like those monthly payments are eating … [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]