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…
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.…
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…
Estate Tax vs. Inheritance Tax FAQs: Understanding the Death Tax
Planning for what happens after you are gone is never an easy topic, but it’s an important one. Whether you’re…
7 Tax Credits and Deductions Parents Need to Know
Updated for tax year 2025. Your little bundle of joy may tap into your pocketbook throughout the year, but at…
Tax Breaks Students (and Parents) Can Claim This Year
Updated for tax year 2025. Here’s an updated look at what the IRS considers qualified expenses for education credits in…
The Complete Tax Planning Guide for Parents: Maximizing Deductions, Credits, and Savings
At a glance: Tax planning is crucial for parents looking to maximize their tax savings. Tax credits can save you…
Inheritance Tax Planning: How to File and Estimate Your Return
When someone close to us passes away, sorting through the financial side can feel overwhelming. The good news is most…
The New 1099-K Reporting Thresholds: What You Need to Know
July 2025 update: 1099-K threshold increasedAfter the passage of the One Big Beautiful Bill (OBBB), the 1099-K reporting threshold has…
Child Tax Credit vs. Additional Child Tax Credit: What’s the Difference?
The Child Care Tax Credit and the Additional Child Care Tax Credit are different, but you can take advantage of…
Know More About Tax Deductions and Credits
Updated for tax year 2025. You’ve probably heard the phrase, “You can deduct that,” a lot around tax season. But…
How to Calculate and Make Estimated Tax Payments
Updated for tax year 2025. If you’re like most taxpayers, you receive salary and wages from your employer and never…
How Itemized Deductions Work
Don’t worry – the Internal Revenue Service (IRS) doesn’t want to tax every last cent you earn. That's where deductions…