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TaxAct Blog: Explore All Articles

4 Common Misconceptions About Form 1099-K for 2023

Updated for tax year 2023. If the new 1099-K reporting thresholds have you confused as an online seller, you’re not alone.…

Meghen Ponder

What Do New 1099-K Payment App Rules Mean for Taxpayers?

Updated for tax year 2023. You may have heard about new tax reporting thresholds for businesses using third-party payment apps…

Meghen Ponder

4 Real-Life Examples of Form 1099-K Scenarios

Updated for tax year 2023. You can receive Form 1099-K for a variety of reasons. How you report the income…

Meghen Ponder

Why You Might Still Get a 1099-K This Year

Updated for tax year 2023. Many taxpayers were preparing for a drastic change this year — new reporting requirements for…

Meghen Ponder

The Ultimate Guide to Filing a Personal Tax Extension

Updated for tax year 2023. The April 15 tax deadline is quickly approaching. If you haven’t filed your taxes yet…

Meghen Ponder

The Improved Form W-4: How it Affects Your Tax Refund

Most employees are familiar with Form W-4, which instructs your employer on how much tax to withhold from your paycheck.…

TaxAct

Why Did I Receive a 1099-K?

Updated November 2023 Originally, the IRS announced changes in what companies were required to report to the IRS in 2023,…

Meghen Ponder

Organize Your Way to Tax Day: 5 Steps for Success

Whether you file early or wait until the tax deadline, there are simple things you can do today to help…

TaxAct

How to Fill Out Form W-4 to Keep More Money in Your Pocket

At a glance: Form W-4 tells your employer how much tax to withhold from your paycheck. You should adjust your…

TaxAct

Top Inflation Changes for Tax Year 2023

While there is no escaping inflation, the IRS adjusts certain tax numbers every year to account for reduced purchasing power.…

Meghen Ponder

What You Need to Know About Small Business Taxes

After many sleepless nights, months of planning, and years of hard work, you’re finally ready … it’s time to take…

Meghen Ponder

Tax Calculators and Tax Tools

Are you unsure about your tax situation this year? Not to worry. We’ve put together a list of tax calculators…

Meghen Ponder