14 Tax Tips for Self-Employed People
Updated for tax year 2025. As a self-employed taxpayer, do you ever envy your traditionally employed friends at tax time? Having…
TaxAct Blog: Explore All Articles
Form 1099-Q: What It Is and How to Use It
Did you receive Form 1099-Q this tax year? The Internal Revenue Service (IRS) requires payers to send you this tax…
Estimated Tax Payments and Retirement: What You Need to Know
Updated for tax year 2025. If you’ve been an employee all your working life, you’re probably used to having income…
Cows, Farming, and Taxes: What You Need to Know
Updated for tax year 2025. If you’re planning to start a farm or already running one, you should know that…
Do I Count Utilities on My Taxes?
In certain instances, utility costs can turn into a tax deduction when filing your tax return. Let’s take a look…
OBBB Limits Tax Credits for ITIN Filers Without SSNs
The One Big Beautiful Bill (OBBB), also known as the Working Families Tax Cut Act, introduced several changes to U.S.…
Can I Claim My Boyfriend or Girlfriend as a Dependent on My Tax Return?
Updated for tax year 2025. If you and your significant other are living together without being married, you probably share…
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.…
How Tax Brackets Work: 2025 Examples and Myth Busting
Updated tax brackets for the year 2025. Your tax bracket shows you the tax rate that you will pay for…
Tax Basics for Teens: Filing Your First Tax Return
Updated for tax year 2025. Are you filing your taxes for the first time this year? Filing an income tax…
Form 1099-LTC: What It Is and How to Use It
If you’ve received a 1099-LTC tax form this tax year, it’s likely because you were paid long-term care benefits or…
Can You Claim Your Parents as Dependents?
Updated for tax year 2025. You know you can claim your kids on your income tax return. But what if…