Form 1099-SA: What It Is and How to Use It
If Form 1099-SA showed up in your mailbox or inbox this year, don’t let it scare you. In this guide, we’ll break…
TaxAct Blog: Explore All Articles
Service Animals and Taxes: What Counts and What Doesn’t?
Updated for tax year 2025. Animals do more than warm our hearts — they’re road trip buddies, winter lap warmers, and sometimes,…
10 Tips to Keep Your Information Secure When Filing Taxes Online
E-filing your taxes online is fast and convenient, but it also means putting sensitive personal and financial data out into…
Taxes for Streamers: How to Handle Twitch, YouTube, and Other Streaming Income
If you’ve turned live streaming into a way to earn money, it’s important to understand your tax obligations. Whether you’re…
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…
IRS Operations During the 2025 Government Shutdown: What It Means for Your Taxes
If you filed an extension for your 2024 taxes, you might be worried about how the recent federal government shutdown…
10 Tax Benefits for College Students
Updated for 2025. College can be expensive, but the IRS offers several tax benefits for college students to make higher…
If Income from ESPP/ISO Shares Sold Appears on W-2, Do I Need to Adjust Basis from Form 1099-B?
At a glance: Stock options and ESPP plans generate income in two categories: ordinary income and capital gains or losses.…
Why Did the IRS Reject My Tax Return?
The IRS rejecting your tax return can be a scary thing. Thankfully, it’s usually nothing to be overly concerned about.…
Form 1099-S: What It Is and How to Use It
You might receive Form 1099-S this year if you sold a house, some land, or another piece of property. But…
Guide to Filling Out Form W-4: How to Keep More Money in Your Paychecks
Understanding Form W-4 is key to managing how much federal income tax is withheld from your paycheck. Whether you’re looking to boost…
Bottles, Diapers, and 7 Tax Benefits: Life with a Newborn
Updated for tax year 2025. There’s no doubting it — having kids is expensive. Between paying for diapers, daycare, and…