Solutions to Make Better Decisions with Your Taxes and Money

What You Need to Know About the Penalty for Not Having Health Insurance

What you need to know about the penalty for not having Health Insurance - TaxAct Blog

With the Affordable Care Act came the requirement that nearly every American have health insurance. (This is sometimes also called the individual mandate or individual share responsibility payment.) But people who are healthy may wonder whether … [Continue reading]

Avoid These Common Mistakes When You Are Shopping for Heath Insurance

Avoid these common mistakes when you are shopping for heath insurance - TaxAct Blog

Shopping for health insurance is probably not at the top of anyone’s list for fun things to do. But with just a little preparation, you can usually shop for and enroll in a plan in 15-20 minutes. Make sure you avoid these common mistakes, which … [Continue reading]

6 Steps to Minimizing Taxes on Retirement Income

6 Steps to Minimizing Taxes on Retirement Income - TaxAct Blog

If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is an important part of creating a successful retirement plan. You can live on a lot less if you’re not sending a large portion of your money … [Continue reading]

Welcome to the new TaxAct…and the best deal in tax!

Welcome to the new TaxAct - TaxAct Blog

As you may know, the do-it-yourself (DIY) tax preparation software industry has changed a lot over the past few years. In many cases, these changes have made it difficult for taxpayers to determine which DIY tax product is right for their tax … [Continue reading]

7 Tips for First Time Tax Filers

7 Tips for First Time Tax Filers - TaxAct Blog

You’ve probably heard people complain about having to file their taxes. Perhaps you’re a bit intimidated as a result. With tax season now upon us, the time has come for you to file your very first tax return. Filing your taxes probably isn’t as … [Continue reading]

Taxable vs. Nontaxable Income: What’s the Difference?

Taxable vs. Nontaxable Income: What’s the Difference? - TaxAct Blog

If you receive money, goods or services, you might have to pay tax on the value of what you receive as taxable income. That’s true for money you earn, as well as, any interest and dividends you receive on your investments. Unless the Internal … [Continue reading]

How to Handle Taxes During a Financial Hardship

How to Handle Taxes During a Financial Hardship - TaxAct Blog

The Internal Revenue Service (IRS) is probably the last place you expect to find help during financial hardships. However, thanks to certain provisions of the IRS code, help is out there. Many people are unaware that the IRS has a “hardship … [Continue reading]

What You Need to Know about the Child Tax Credit

What You Need to Know about the Child Tax Credit - TaxAct Blog

Raising children is expensive. Fortunately, the Internal Revenue Service (IRS) offers many tax benefits, such as the Child Tax Credit, to help working families make ends meet. Here is what you should know about this potentially valuable credit. … [Continue reading]

How to Handle Taxes During and After a Divorce

How to Handle Taxes During and After a Divorce - TaxAct Blog

Going through a divorce changes almost everything about a person’s finances. If couples had joint accounts and jointly held assets and debts, they must divide them up and open new, independent accounts. They need new financial plans and … [Continue reading]