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PayPal Taxes: How PayPal IRS Reporting and 1099 Rules Work

Using PayPal® makes sending and receiving money easy, whether you’re splitting dinner, running a small business, or getting paid as…

Meghen Ponder

What Happens If You Don’t File Taxes?

Updated for tax year 2025. It’s easy to put off your tax filing, especially when life gets busy. But if…

TaxAct

Venmo Taxes: What You Need to Know Before You File

Sending money through Venmo® is quick and casual, but when tax season rolls around, things can get complicated. Whether you’re…

Meghen Ponder

What Is Short-Term Capital Gains Tax?: A Guide to Rates and Brackets

If you’re thinking about selling capital assets, like stocks, crypto, real estate, or another investment, you’re probably wondering how much…

Erin Mckendrick

12 FAQs About Tax Extensions

Life doesn’t always cooperate when tax season rolls around. Missing tax documents, unexpected emergencies, or just a complicated tax situation…

Meghen Ponder

Schedule D: Your Guide to Reporting Capital Gains and Losses

If you happened to trade stocks, cash out cryptocurrency, or sell real estate or other capital assets during the tax…

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

Form 1099-INT: What It Is and How to Use It

Did you receive Form 1099-INT this tax year? Here’s what is included in this important tax document and how you…

Meghen Ponder

5 Reasons to Stop Worrying About a Tax Audit

If there’s one thing many of us don’t want to see in our mailbox, it’s a letter from the Internal…

TaxAct

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…

TaxAct