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Articles

What to Do If You’re a Victim of Tax Identity Theft

Experiencing tax return identity theft can be a terrifying prospect. Unfortunately, it's a reality that millions of Americans face each…

TaxAct

What To Do If You Received a 1099-K From Your Crypto Exchange

Updated for tax years 2023 and 2024. If you engaged in crypto trading last year, it’s possible you could receive…

Meghen Ponder

Got a Big Tax Bill? Don’t Avoid Filing

Updated for tax years 2023 and 2024. Avoiding problems rarely leads to a satisfying resolution, and ignoring a large tax…

TaxAct

7 Life Events That Qualify You for Special Enrollment Period

Updated for 2024. Under the Affordable Care Act, you can usually only buy a health insurance plan, apply for subsidies…

TaxAct

Cows, Farming, and Taxes: What You Need to Know

Updated for tax year 2023. If you’re planning to start a farm or already running one, you should know that…

Meghen Ponder

Bonus Depreciation: What It Is and How to Claim It

Being a small business owner can come with valuable tax breaks, but sometimes, navigating the complexity of small business taxes…

Meghen Ponder

Guide to Adjusting Your Self-Employed Estimated Tax Payments

Updated for tax year 2023. If you are a taxpayer who makes quarterly estimated tax payments to the Internal Revenue…

TaxAct

The Basics of the Simplified Home Office Deduction

Updated for tax years 2023 and 2024. If you have a small business and work at home, you probably know…

TaxAct

The Benefits of Filing a Tax Extension Form

With the tax due date of April 15, 2024, quickly approaching, you may feel the need to scramble if you…

TaxAct

How Your Summer Plans Could Impact Next Year’s Tax Return

Updated for tax years 2023 and 2024. There’s no need to pretend — we know tax planning wasn’t exactly at…

Meghen Ponder

Top Tax Deductions for Freelance Tutors

Updated for tax year 2023. Freelance tutoring can be a great way to earn some extra cash. Sometimes, it may…

TaxAct

Tips for Filing Taxes as a Freelance Graphic Designer

Updated for tax year 2023. You’ve recently launched a thriving graphic design business — but have you thought about filing your…

TaxAct