Personal Finance and Tax Tips You Can Actually Use. It’s how we ACT.
Do you need more time in filing your income tax return? Don’t sweat it – it’s easy to get a tax extension to file your return. TaxACT supports the completion of Form 4868 Automatic Extension of Time to File U.S. Income Tax Return for your federal return, as well as any necessary extension forms for [...]
Have you received Form 1099-B from your brokerage regarding the sale of your stocks and other investments? Brokerages and other financial institutions are required to send you Form 1099-B if you sold stocks or other investments in your account. They also must send copies of the forms to the IRS. The IRS matches the information [...]
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 [...]
Did you sell a house, some investments, or even a car this year that you may need to report as the sale of a capital asset? If you sold an asset, possibly at a profit, you’ll generally pay less tax on the gain than you would pay on ordinary income, such as wages. You must [...]
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 [...]
Weekly Favorites: February 1, 2013 5 Tips for Filing Your Taxes for the First Time by TaxACT Are you feeling a bit overwhelmed about the whole process? Filing a tax return for the first time can be intimidating. Here are 5 tips to help you through the process. Continue reading… 10 Steps to Become Debt [...]
We are excited to announce the new TaxACT DocVault app is now available in both the App Store and Google Play for download. Tweet this! DocVault is a free companion app for securely organizing & saving tax documents. The below infographic goes into greater detail on the functionality of the app. Visit taxactdocvault.com to create [...]
