Solutions to Make Better Decisions with Your Taxes and Money

7 Ways Investment Gains and Losses Affect Your Taxes

7 Ways Investment Gains and Losses Affect Your Taxes - TaxAct Blog

If you have substantial investment gains or other income this year, make sure you know how they will affect your taxes, and be prepared to deal with them. If you have investment losses, on the other hand, you also need to know how your tax return … [Continue reading]

7 Ways Being in the Military Affects Your Taxes

7 Ways Being in the Military Affects Your Taxes - TaxAct Blog

Being a member of the U.S. Armed Forces can bring a variety of unique challenges to your financial and family life. You may serve overseas for extended periods of time, travel for training and move frequently. You may also incur special expenses, … [Continue reading]

Racing the Clock: How to Beat the Tax Extension Filing Deadline

How to Beat the Tax Extension Filing Deadline - TaxAct Blog

We’ve all had good reasons for putting off doing our tax returns at one time or another. We were waiting for additional tax information. We weren’t sure how to handle a tax situation. The task seemed too daunting, or we never found the time to quite … [Continue reading]

Insurance and Your Taxes — What Business Owners Need to Know

Insurance and Your Taxes — What Business Owners Need to Know - TaxAct Blog

We can insure just about anything we choose: our cars, houses, businesses, ability to work – even our lives. While carrying insurance may be expensive, we’re paying for peace of mind. It seems like the only thing more expensive than insurance is not … [Continue reading]

4 Financial Tips College Seniors Should Know

4 Financial Tips for College Seniors - TaxAct Blog

Senior year! It’s what you’ve been working towards since that first day of kindergarten – or at least what your parents have been thinking about. Senior year of undergrad is also the last time you really get to delay maturity and live in the … [Continue reading]

5 Expert Money Moves to Make in Financial Hard Times (plus a Bonus Move)

Money Moves to Make During Financial Hard Times - TaxAct Blog

Whether you've suffered a lay-off or have unexpected medical bills, money stressors can cause major stress and even trigger physical symptoms of anxiety. While these situations may feel overwhelming in the moment, most of these issues can improve … [Continue reading]

How to File Taxes? — The Ultimate Tax Guide for College Students

How to File Taxes? — A Tax Guide for College Students - TaxAct Blog

Whether you’re heading off to college for the first time or well on your way to finishing your degree, being a college student presents special financial challenges. Knowing how college might affect your taxes can help you plan ahead and identify … [Continue reading]

7 Best Tax Deductions, Exemptions, and Credits for Families

7 Best Tax Deductions, Exemptions, and Credits for Families - TaxAct Blog

While your children are young you have plenty of expenses. Fortunately, some of those expenses can directly or indirectly turn into deductions, exemptions or credits that may mean big savings on your tax bill. Take a look at the following tax … [Continue reading]

5 Tax Advantages to Getting Married

5 Tax Advantages to Getting Married - TaxAct Blog

If you have plans to get married or recently tied the knot, you may wonder what the impact is on your taxes. You’ve no doubt heard about the “marriage tax” – an unofficial term for various parts of the tax code that can mean you pay more as a married … [Continue reading]