10 Efficient Ways to Protect Your Money and Personal Identity Online
With the rise of technology, it’s never been more important to keep your personal identity and your money secure. Hackers…
TaxAct Blog: Explore All Articles
A List of Eliminated Tax Deductions for 2018 Returns
The passing of tax reform brought many eliminated tax deductions. To make the most of your 2018 tax year, it’s…
5 Strategies for Building Your Wealth While Living Your Life
It’s so easy to put off building your wealth by using the excuse “I just don’t make enough.” It feels…
How to Calculate Your Net Worth
Net worth is a technical term for performing a simple calculation: (Assets) – (Liabilities) = net worth. Assets refer to…
A New Tax Law Means It’s Time to Review Your Withholdings
One thing we know about most significant tax changes: it will affect your tax return. Take the 2017 tax reform…
The New Tax Law: How to Be Prepared
Most tax reform bills affect a few people. Some bills may affect many people. This is the first tax reform…
Tax Reform Adjustments to Business Meals and Entertainment Deductions
For years, businesses were allowed to deduct 50 percent of the cost of business-related meals and entertainment on their tax…
Tax Year 2018: The Last Year of the Obamacare Tax Penalty
One of the less talked about changes within tax reform is the end of the so-called Obamacare tax penalty. When…
8 Key Highlights of the New Form 1040 Draft
At the end of June, the IRS released an early draft of the newly revised Form 1040. If you’re not…
Income Taxes and Sports Betting in 2018
Welcome to a new day -- a day that sports betting fans will remember for the rest of their lives.…
5 FAQs: Standard vs Itemized Deductions
The Tax Cuts and Jobs Act of 2017 made some provisions to the tax tables and numbers used to estimate…
Are My Unemployment Benefits Taxable?
Oh no! You just lost your job. After you get over the initial shock, your mind naturally turns to thoughts…