Living donors can claim tax benefits
The world is full of secret heroes — everyday people who silently put more good into the world. Some perform…
TaxAct Blog: Explore All Articles
Is Your Hobby Actually a Business?
If you’re making money doing what you love, congrats! Isn’t that what we all want in life? And if your pastime brings home the…
What Does My Wedding Dress Have to do With My Taxes?
Ah, the picture-perfect wedding dress. The endless hours you spent finding that gown undoubtedly paid off in spades on your…
Does your wig qualify as a tax write-off?
Medical expenses take many forms. Some, like prescriptions, crutches, and other means of treatment are obvious medical needs. Other deductions,…
Your 7-step guide to conquering debt
A 2019 study found that the average American carries about $29,800 in personal debt, excluding home mortgages. Those high debt…
Deductions vs. Credits: How Do They Affect My Refund?
We all want to get every last one of our hard-earned dimes back from the IRS. Fortunately, working with TaxAct®…
Robo-advisors: Are They Legitimate?
The rise of robo-advisors occurred shortly after the 2008 financial crisis. Positioned as a digital solution to the many overwhelming…
Ways to Save for Retirement on Minimal Income
When bills and other short-term financial goals dominate your budget, retirement contributions tend to fall by the wayside. How can…
Cash Out Your 401(k) to Pay Off Your Credit Card Debt?
High-interest rate credit card debt often feels like a never-ending hamster wheel of payments. Month-after-month, the money put toward the debt barely…
3 Financial Risks Worth Taking
We all need to spice it up a bit now and again – but can be wary to do so…
How to Know When You’re Ready to Invest
Investing is a key factor in growing wealth efficiently, but investing is different than saving. You’re putting risk on your…
Is Brand Loyalty Really Worth the Money?
Depending on your perspective, shopping can be a fun pastime or must-do drudgery. Either way, it eventually becomes unavoidable. While shopping, we…