Solutions to Make Better Decisions with Your Taxes and Money

The Filing Extension Deadline Is Here—5 Tips for Finishing Your Return

Way back in April, you hadn’t quite finished your income tax return. You filed for an automatic six-month extension of time, until October 15, to file your return. October is here – and perhaps your tax return is right where you left it, six months ago. No problem. With these tips, you should have no […]

How the Advanced Premium Tax Credit Impacts 2014 Tax Returns

If you bought health insurance through a government-sponsored marketplace, you may be receiving a tax credit that helps pay for your health insurance premiums. Because the credit is directly sent to your insurance company to offset your premiums, you never see the cash. It would be easy to forget about the credit altogether. If nothing […]

Most Common Tax Forms

By the first or second week of February, you should have received informational statements from every employer you worked for last year. You should have also have received statements from places that paid you or to whom you made tax-related payments. By keeping these forms handy and grouping them by type, you can make preparing […]

6 First-Time Tax Filing Tips

The way people sometimes talk about tax return preparation, you’d think filing your tax return is the root canal of personal finance. If this is your first time filing, you may be dreading the experience. You may be in for a surprise. Preparing a tax return doesn’t have to be difficult. In fact, as a […]

4 Tax Tips For Newlyweds

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 […]

TaxACT Acquires Balance Financial

TaxACT is pleased to share some exciting news in anticipation of the upcoming tax season. Today TaxACT acquired Balance Financial, a company with an amazing team behind leading web-based financial tools for both consumers and professionals. Balance offers software and services to make financial chores simple and fast. Their tools, education and guidance help businesses, […]

Affordable Care Act Tax Law Changes for Higher Income Taxpayers

Most taxpayers don’t need to worry about the new additional 3.8% tax on net investment income, or the additional 0.9% Medicare tax. These taxes only apply to individuals (and estates and trusts) that have income over certain levels. You generally won’t pay either of these taxes unless you make over $200,000 in one year. If […]

How to File a Tax Extension [Infographic]

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 […]

5 Tips When Using Form 1099-B for Stocks and Other Investments

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 […]