Solutions to Make Better Decisions with Your Taxes and Money

5 Things You Can Learn from Your Tax Return

If you already stashed away your tax return, you may want to dig it back out. There are a variety of things you can discover by reviewing each form and understanding the significant impact your taxes can have on your financial health. Now is a great time to take a second look at your return […]

How Unemployment Affects Your Taxes

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 […]

You Got This Weekly Series: Can Work-Related Driving Expenses Be Deducted On My Tax Return?

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: If I drive 65 miles one way to my job and have tolls to pay there and back, what is deductible on my taxes? Hilary via Facebook Response:

Don’t Make These Mistakes on Your Tax Return

Are you getting ready to prepare and file your tax return? Don’t make these mistakes! Errors on your tax return can delay the processing of your return, in addition to, the tax refund you’re counting on. Fortunately, many of the most common mistakes are simple, human errors that have little to do with the complicated […]

5 Common Mistakes to Avoid On Your Tax Return

Are you spending countless hours organizing and preparing your income tax return? According to the IRS, the average American spends approximately 12 hours preparing a Form 1040 income tax return. With so much time invested, the last thing you want to do is make a mistake on your tax return – especially one that delays […]