Solutions to Make Better Decisions with Your Money

Miss the Deadline to Purchase Health Insurance? Maybe Not!

Miss the deadline to purchase health insurance? Maybe not! - TaxACT

April 15th marked the no-kidding-around end of the first open enrollment period for signing up for a new health care plan via the Affordable Care Act (ACA). The Obama administration (and several states) extended two weeks of wiggle room to those … [Continue reading]

Filed an Extension? What to Do Now

Filed an Extension? What to Do Now - TaxACT

April 15 has come and gone. If you didn't quite finish your tax return, you should have filed Form 4868, Application for Automatic Extension of Time to File, to the IRS. This automatic extension gives you another six months to file your tax return … [Continue reading]

Track Your Charitable Donations to Save You Money at Tax Time

Track Your Charitable Donations to Save You Money at Tax Time

To view the Donation Assistant by TaxACT infographic, click here. Making charitable donations makes a difference to those in need and can save you money at tax time. Donation Assistant by TaxACT is a free mobile app that helps track goods and … [Continue reading]

5 Last-Minute Tips for Beating the April 15 Tax Filing Deadline

5 Last-Minute Tips for Beating the April 15 Tax Filing Deadline

Ideally, we'd all keep perfect records all year long. By January 31, our tax documents would be in order and we'd start working on taxes with weeks or months to spare. In the real world, it doesn't work that way. We get busy and next thing we … [Continue reading]

4 Frequently Asked TaxACT TaxPayer Support Questions

4 Frequently Asked TaxACT TaxPayer Support Questions

How do I amend my federal return? First, be sure to PRINT a copy of the original return that you filed (this will be your only record of the return as it was when you filed it once you make the corrections for the amendment). Next, you’ll need to … [Continue reading]

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 … [Continue reading]

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 … [Continue reading]

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 … [Continue reading]

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 … [Continue reading]

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. … [Continue reading]

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 … [Continue reading]

How Much of My Mortgage Payment is Tax Deductible?

How Much of My Mortgage Payment is Tax Deductible - TaxACT

How much of your monthly mortgage payment is tax deductible? The short answer is more than you might think, but not as much as you might hope. Depending on how your mortgage is set up, your monthly payment likely includes principal, interest, … [Continue reading]

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 … [Continue reading]