The New Form 1040 and Three Accompanying Schedules
Though TaxAct® takes the guesswork out of filing, it can still be helpful to understand how the newer version of…
Articles
Calls From the IRS: Do They Happen?
“Hello, Mr. Brown? This is Maria Santos from the IRS,” barked the authoritative voice on the phone. “It’s important that…
The 411 on the Self-Employed Health Insurance Deduction
As a business owner, you likely pay for your own health insurance. And there’s a good chance you’ve seen the…
Employer Health Insurance vs. Individual Plans: What helps me more?
Having health insurance is critical. In many cases, you end up paying less when you go for a doctor’s visit…
The Medical Expense Deduction After Tax Reform
The medical expense deduction didn’t escape the Tax Cuts and Jobs Act. Read on to understand the adjustments made to…
Living in a World Without Company Sponsored Health Care
An employer-sponsored health care plan covers the majority of adults in the U.S. who work full time for a company.…
Hurricane Michael Victims Receive Tax Relief
In response to the recent devastation from Hurricane Michael, the IRS extended tax relief to victims of the disaster. The…
Why Everyone Should Use A Mileage Tracking App
It’s no secret that tracking your business mileage can save you money come tax season. Whether you’re a small business…
The Secret to Living Within Your Means
It’s simple to tell when you’ve begun living outside of your means. It’s that feeling you have when the numbers…
Pro Tips for Separating Business and Personal Finances
One of the most stressful parts about being a business owner is knowing how to financially separate your real life…
How Tax Reform Changed Deducting Unreimbursed Job Expenses
If you typically deduct unreimbursed job expenses as an employee, get prepared for a change this tax season. All unreimbursed…
Tax Reform: What Happened to My Mortgage Interest Deduction?
In December of 2017, we witnessed the most significant changes to the tax code in a generation get signed into…