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.…
TaxAct Blog: Explore All Articles
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…
The Home Office Deduction: A Comprehensive Guide
If you work at home, you’ve probably heard about the home office deduction and its many tax benefits. But who…
Top 7 IRS Tax Forms You Need to Know
Updated for 2025. When you file your annual tax return, it’s easy to get overwhelmed by all the forms and…
No Tax on Tips: What Tipped Workers Need to Know About the New Deduction
If you rely on tips as part of your paycheck, you’ve likely heard about the new no tax on tips…
No Tax on Overtime Explained: What the New Deduction Means for Your Paycheck
If you’ve ever worked late nights, weekends, or double shifts, you’re likely very familiar with overtime pay. But the benefits…
How Your Year-End Bonus Is Taxed
Updated for tax year 2025. If you’re an employee, you’re probably familiar with federal income tax and other withholdings on…
How Annual Bonuses Are Taxed: 7 Common Questions Answered
Updated for tax year 2025. Everybody loves an annual bonus at the end of the year, but not everyone understands…
Key Tax Deadlines for Small Business Owners
Updated for tax year 2025. Curious about the business tax deadlines that you should mark on your calendar this tax…
Important Tax Dates and Deadlines in 2026
Updated for tax year 2025. Get ready to mark these important dates on your calendar. Here are the most important…
What is a Trump Account? Understanding the New Savings Accounts for Kids and Families
The Working Families Tax Cut Act (formerly called the One Big Beautiful Bill) introduced a new type of savings account…
Taxes for UGC Creators: Influee, Steady & More
If you’re a UGC creator (user-generated content creator), making content for brands through platforms like Influee®, Steady®, Billo®, or Cohley®,…
IRS Form 1099-DA Explained: Digital Asset Tax Reporting Guide
If you dabbled in buying or selling cryptocurrency, NFTs (non-fungible tokens), or other digital assets during 2025, you might notice…
Can You Deduct Car Loan Interest on 2025 Taxes?
A new car loan interest deduction is hitting the road in tax year 2025, and it could mean extra tax…