How to Earn Passive Income and What It Means for Your Taxes
If making money with minimal effort is a dream of yours, passive income just might be the answer. But what…
TaxAct Blog: Explore All Articles
401(k) vs. 403(b): Key Differences and Choosing the Right Retirement Plan
Planning for retirement is an important part of financial well-being, but sometimes, it’s hard to know which retirement plan is…
How to Track Self-Employed Expenses All Year Long
Updated for tax years 2023 and 2024. Being your own boss comes with numerous advantages. For starters, you can set…
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…
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…
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…
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…
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…
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…
Tax Deductions for Independent Business Consultants
Updated for tax year 2023. As an independent business consultant, you likely wear many hats and take on multiple roles.…
10 Ways to Save Money on Your Next Car Purchase
Updated for 2024. Are you in the market for a new car, truck, or SUV? If so, do you have…
Understanding Social Security Survivor Benefits
Social Security survivor benefits can provide you with much-needed financial support after the difficult experience of losing a loved one.…