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.…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
Inflation Rate Calculator
High inflation got your stress levels up? Here are some savings and investment strategies you can use as an inflation…
14 Tax Tips for Self-Employed People
Updated for tax year 2025. As a self-employed taxpayer, do you ever envy your traditionally employed friends at tax time? Having…
Form 1099-Q: What It Is and How to Use It
Did you receive Form 1099-Q this tax year? The Internal Revenue Service (IRS) requires payers to send you this tax…
Estimated Tax Payments and Retirement: What You Need to Know
Updated for tax year 2025. If you’ve been an employee all your working life, you’re probably used to having income…
Cows, Farming, and Taxes: What You Need to Know
Updated for tax year 2025. If you’re planning to start a farm or already running one, you should know that…
IRS Extends Tax Deadlines in Some States Due to Natural Disasters
Last updated Oct. 27, 2025. The Internal Revenue Service (IRS) has announced tax relief for taxpayers in areas impacted by…
Do I Count Utilities on My Taxes?
In certain instances, utility costs can turn into a tax deduction when filing your tax return. Let’s take a look…
OBBB Limits Tax Credits for ITIN Filers Without SSNs
The One Big Beautiful Bill (OBBB), also known as the Working Families Tax Cut Act, introduced several changes to U.S.…
7 Organizational Tips to Make Tax Filing Easy
There are often two types of tax filers: Those who neatly file their tax information and receipts away in color-coded…
Can I Claim My Boyfriend or Girlfriend as a Dependent on My Tax Return?
Updated for tax year 2025. If you and your significant other are living together without being married, you probably share…