TaxAct Blog: Explore All Articles
How Long Does It Take for My Refund to Hit My Bank Account?
So, you’ve hit the submit button and finished filing your tax return. Now comes the waiting game — when can…
How Crypto Losses Can Lower Your Tax Bill
Updated for tax year 2023. The value of Bitcoin and other cryptocurrencies has undoubtedly seen better days. But there’s a…
Attention, Gig Economy Workers: You Have to Pay Taxes!
Updated for tax year 2023. You’ve probably heard that the gig economy is overtaking how we work — especially since…
6 Common Small Business Tax Deductions
Tax deductions greatly benefit the average taxpayer, but they can bring even greater tax benefits to a small business owner,…
The Way Tax Reform Changed the Inflation Calculation
One of the least talked about parts of tax reform is the change in how inflation is calculated for the…
How Deer Meat Can Reduce Your Taxable Income
Does deer or meat donation reduce taxable income? That title smells like clickbait. But we promise deer deductions are a real thing. We…
Boost Your Retirement with Your Tax Refund
Updated for tax year 2023. If you received a tax refund this year, you may have big ideas on how…
Online Seller 1099-K FAQs: How to Calculate Taxable Income When Selling Personal Items
Updated for tax year 2023. You’ve likely heard about the new IRS reporting thresholds for Form 1099-K that were supposed to go…
5 Ways to Manage Your Finances As a Freelancer
Working as a freelancer or independent contractor is like riding a roller coaster. One month you're flush with cash and…
4 Common Misconceptions About Form 1099-K
Updated for tax year 2023. If the new 1099-K reporting thresholds have you confused as an eBay seller, you’re not alone.…
Demystifying the New 1099-K Reporting Thresholds
Updated for tax year 2023. If you sell items online, you’ve probably heard about new IRS reporting thresholds that were…