X

How a Summer Job Affects Your Taxes

A summer job is a great way to add extra money to your bank account. Whether you’re a cash-strapped student, a…

Meghen Ponder

Is Unemployment Compensation Taxable Income?

Unemployment benefits can be a vital support for those experiencing unexpected job loss. If you received unemployment compensation for the…

Meghen Ponder

Important Tax Dates and Deadlines in

Updated for tax year 2024. Get ready to mark these important dates on your calendar. Here are the most important…

Meghen Ponder

2024 Tax Changes: What You Need to Know

Every year brings new tax law changes to keep American taxpayers on their toes, and 2024 is no different. From…

Meghen Ponder

Do I Need to File Taxes?

Not every American taxpayer must file a tax return, even if you earned taxable income during the year. Let’s review…

Meghen Ponder

Understanding Adjusted Gross Income (AGI)

As a taxpayer, you’ve undoubtedly heard about adjusted gross income, or AGI, which plays a pivotal role in your taxes.…

Meghen Ponder

8 Back-to-School Shopping Tricks to Save Moms and Dads Money

Back-to-school shopping can put a serious dent in your bank account, and rising prices aren't exactly helping matters. Before you…

Meghen Ponder

Is Canceled Debt Taxable?

Updated for tax years 2023 and 2024. If a creditor cancels your debt, that’s good news, right? Such cancellation of…

Meghen Ponder

Why Is My Tax Refund Smaller This Year?

Updated for tax year 2023. Was your tax refund smaller than anticipated this year? Here’s why your refund from the…

Meghen Ponder

Top Inflation Changes for Tax Year 2023

While there is no escaping inflation, the IRS adjusts certain tax numbers every year to account for reduced purchasing power.…

Meghen Ponder

Tax Filing 101: 7 Things That Can Impact Your Tax Refund

It’s time to review some important tax basics before the upcoming tax season. Here are seven things to keep in…

Meghen Ponder

6 Tips for Dealing With Inflation While Living Paycheck to Paycheck

As inflation and the cost of living continue to climb, more Americans are starting to feel the strain on their…

Meghen Ponder

Inflation Rate Calculator

High inflation got your stress levels up? Here are some savings and investment strategies you can use as an inflation…

Meghen Ponder

6 Tax Moves to Make Before the Summer’s Over

Updated for tax year 2025. Summertime — the days of sun-kissed skin, juicy slices of watermelon, flip-flops, and … taxes? Taxes…

TaxAct

Guide to Social Security Taxes

Social Security benefits are crucial to many Americans' retirement plans, providing a safety net to ensure financial stability during your…

Meghen Ponder

How to Maximize Your Tax Deduction for Charitable Donations

Updated for tax year 2025. Most people don’t get into charitable giving purely for a tax benefit. However, the opportunity…

TaxAct

Is Child Support Taxable? Child Support Tax Law Explained

If you're filing your taxes and have paid or received child support in the last year, you likely have some…

Meghen Ponder

One Big Beautiful Bill: What You Need to Know

The One Big Beautiful Bill Act — also known as the Big Beautiful Bill, or One Big Beautiful Bill (OBBB)…

Meghen Ponder

What Is the QBI Deduction and How Does it Work?

Updated for tax years 2024 and 2025. You may qualify for the qualified business income deduction (QBI deduction) if you’re filing…

Meghen Ponder

Are Daycare Expenses Tax-Deductible? Understanding the Child and Dependent Care Credit

Raising kids or caring for a dependent isn’t cheap — especially when you’re juggling work or school on top of…

Meghen Ponder

Mid-Year Review for Tax-Savvy Business Owners

Now is the perfect time to perform a mid-year review of your business activity, including your tax liability. Staying on…

TaxAct

8 Changes You Can Make Now to Prepare for Next Tax Season

Let’s all breathe a collective sigh of relief — this year’s tax return has been filed. But now that tax…

TaxAct