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…
TaxAct Blog: Explore All Articles
Mid-Year Review for Tax-Savvy Business Owners
Now is the perfect time to perform a mid-year review of your business activity, including your tax liability. Staying on…
8 Changes You Can Make Now to Prepare for Next Tax Season
Let’s all breathe a collective sigh of relief — this year’s tax return has been filed. But now that tax…
5 Affordable Ways to Spend Summer Vacation
Is your tax refund still sitting in your savings account, waiting to be spent? Summer vacation and tax refunds can…
How Your Summer Plans Could Impact Next Year’s Tax Return
There’s no need to pretend — we know tax planning wasn’t exactly at the top of your summer to-do list.…
Weird Gigs, Real Taxes: 5 Odd Jobs with Taxable Income
So, you’ve found a side hustle to bring in extra income — maybe it involves dog walking, livestreaming your video…
6 Smart Ways to Invest Your Tax Refund This Year
Updated for tax year 2024. Got a big tax refund this tax season? You're not alone. Many American taxpayers see…
Annuities and Taxes: What You Need to Know
If you’ve ever looked into ways to build retirement income, chances are you’ve stumbled across annuities. But then you probably…
8 Things to Know About an IRS Notice
If you receive a letter this year from the IRS, don’t be alarmed. After every tax season, the agency sends out…
Taxable vs. Nontaxable Income: What’s the Difference?
Updated for tax year 2024. If you receive money, goods, or services, it’s likely considered taxable income. This is true…
Tax Breaks for Teachers: How to Claim the Educator Expense Deduction
Teachers are always looking for creative ways to enhance their students’ learning experience. Unfortunately, tight school budgets stifle many of…
Sole Proprietorship vs. LLC: Which Business Structure is Right for You?
When starting a business, it’s important to choose the right business structure. What type of business you choose can significantly impact…