5 Tips for Spouses of Taxpayers Receiving Disability Income
Updated for tax year 2025. If your spouse receives disability benefits, it's very likely that your financial situation has also…
TaxAct Blog: Explore All Articles
What Is the IRS Augusta Rule?
Have you ever considered temporarily renting out your home for additional income but decided against it because of the tax…
How to Tell If You’re a Household Employee
If you work as a caregiver in someone’s home — as a babysitter, nanny, pet sitter, or nurse, perhaps —…
8 FAQs About the Earned Income Tax Credit (EITC)
Updated for tax year 2025. The Earned Income Tax Credit, also called the EITC or EIC, is a tax credit designed…
The STR Loophole Explained: What Short-Term Rental Owners Need to Know
You may have seen influencers raving about the short-term rental tax loophole (also called the STR loophole or Airbnb® tax…
How to Pay Yourself as a Business Owner
Navigating the ins and outs of owning a business can be difficult, especially as a small business owner. With limited…
Guide to Form 8832: Entity Classification Election Explained
When an eligible entity, such as a limited liability company (LLC), is formed, the Internal Revenue Service (IRS) may automatically declare your entity…
Does South Dakota Have State Income Tax?
South Dakota does not impose a state personal income tax, meaning you won’t receive a South Dakota tax refund, and…
Form 1099-QA: What It Is and How to Use It
Form 1099-QA is tied to your ABLE account, a tax-advantaged savings option for those with disabilities. If you’ve received a…
Tips For Filing an Amended Return
Updated for tax year 2025. It happens. You filed your tax return on time, and you planned to forget about…
Why Do I Owe Taxes To The IRS?
Are you wondering why you owe so much in taxes this year? Want to make sure your tax bill is…
Does Florida Have an Income Tax?
Florida does not impose a state personal income tax, meaning you won’t receive a Florida tax refund, and there is no Florida refund status to…