Solutions to Make Better Decisions with Your Money

How a Summer Job Affects Your Taxes

How a Summer Job Affects Your Taxes - TaxACT

You had, or still have, a summer job – or you’ve created one for yourself. You’re going to make some spending money, hopefully save for college or other goals, and have some good experiences at the same time. Yay! Before you go out and celebrate with all the money you made from your summer job, […]

How Unemployment Affects Your Taxes

How Unemployment Affects Your Taxes - TaxACT

If you lose your job or otherwise become unemployed, one of the first things you should do is determine how your new financial situation affects your income taxes. Tweet this Take note of these areas that may change: Unemployment benefits are taxable Long ago, unemployment benefits were exempt from income tax. Unfortunately, that’s no longer […]

4 Tax Tips For Newlyweds

4 Tax Tips For Newlyweds - TaxACT

Have you recently gotten married? Getting married changes everything – your tax filing status, how much tax you pay, and more. Utilize these tax tips for getting started off right in your married life. Use the right filing status As a married person living with your spouse, you only have two choices of tax filing […]

How to Avoid Owing Money to the IRS

How to Avoid Owing Money to the IRS - TaxACT

Want to make sure you never owe a big tax bill – or any bill at all – when you file your income taxes? Judging by the amount the average American has over withheld from his or her pay, we’re scared to death of owing the IRS even the smallest amount at tax time. That’s […]

Payroll Tax Cut: How to Bump Your Take-Home Pay Back Up

Payroll Tax Cut Heres How to Help

Are you feeling the pain from your reduced paycheck as of the beginning of the year? When the temporary payroll tax deduction ended in December, our social security tax deductions went back up to 6.2% of our gross pay. It was only 4.2% when the temporary reduction was in effect. 2% more of your pay […]