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Understanding Adjusted Gross Income (AGI)

Updated for tax year 2026. Adjusted gross income (AGI) is your total taxable income minus certain adjustments to income. AGI…

Meghen Ponder

Why Is My Tax Refund Smaller This Year?

Updated for tax year 2025. Was your tax refund smaller than you expected — or smaller than last year's? Here's…

Meghen Ponder

Living Paycheck to Paycheck? 6 Practical Ways to Handle Inflation

As inflation and the cost of living continue to outpace wage growth, more Americans are struggling to make ends meet.…

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

Is Canceled Debt Taxable?

Updated for tax year 2025. If a creditor cancels your debt, that’s good news, right? Such cancellation of debt usually…

TaxAct

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

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

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

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…

TaxAct

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

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

IRS Extends Tax Deadlines in Some States Due to Natural Disasters

Last updated Nov. 5, 2026. The Internal Revenue Service (IRS) has announced tax relief for taxpayers in areas impacted by…

Meghen Ponder

Can You Claim Your Parents as Dependents?

Updated for tax year 2026. You know you can claim your kids on your income tax return. But what if…

Meghen Ponder

Important Tax Dates and Deadlines in 2027

Tax Day 2027 is April 15, 2027, which is when most people need to file their 2026 federal income tax…

Meghen Ponder

Can I Claim My Boyfriend or Girlfriend as a Dependent on My Tax Return?

Updated for tax year 2026. If you and your significant other are living together without being married, you probably share…

Meghen Ponder

Smart Small Business Purchases to Make Before the End of the Year

Updated for tax year 2026. Small business owners, it’s time to expand your holiday shopping list. You’re not restricted to…

Meghen Ponder

9 Ways to Lower Your Tax Bill

It’s easy to ignore taxes before tax season rolls around, but if you’d like to pay less next season, you…

Erin Mckendrick

5 Ways to Avoid Bumping Your Income into a Higher Tax Bracket

Updated for tax year 2026. If your income level fluctuates from year to year, you may find yourself paying more…

Meghen Ponder

Military Spouse State Taxes: Which State Taxes Your Remote Job or Side Business?

If you’re a military spouse with a remote job or side business, which state taxes your income depends on your military spouse state…

Meghen Ponder

What is the Additional Child Tax Credit (ACTC)?

As a parent or guardian filing taxes, you’ve likely claimed the Child Tax Credit (CTC). But what happens if the CTC…

Meghen Ponder

17 Small Business Tax Deductions

Updated for tax year 2026. Being a small business owner comes with some unique challenges — including figuring out how…

Meghen Ponder