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…
TaxAct Blog: Explore All Articles
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…
16 Small Business Tax Deductions
Updated for tax year 2025. Being a small business owner comes with some unique challenges — including figuring out how…
6 Things You Should Know About the Alternative Minimum Tax (AMT)
Updated for tax year 2025. Don’t let the alternative minimum tax catch you by surprise this tax season. The alternative…
How to File U.S. Taxes While Living Abroad: A Complete Guide for Expats
If you are a U.S. citizen living abroad, often referred to as an expatriate (expat), it’s essential to understand your…
Tax Exemptions, Deductions, and Credits Explained
Updated for tax year 2025. Everyone wants to know the magic trick to lower their tax burden when tax season…
Form 1099-K: What It Is, Real-Life Examples, and How to Use It
Updated for tax year 2025. Did you receive Form 1099-K this year? If you've never seen this document before and…
Coping with the Cost of Care: Overlooked Tax Deductions and Tips for Seniors and Their Families
As you get older, you may find you face more and more medical bills. No matter how great your insurance…