Pros and Cons of Refinancing Your Home
The decision to refinance your home can be a tough one. Not only can the process of refinancing seem like…
TaxAct Blog: Explore All Articles
Self-Employed? Check Out These Retirement Plans
Updated for tax years 2022 and 2023. Being self-employed has its advantages. You don’t have a boss to tell you…
5 Things You Should Know About Crowdfunding and Taxes
Crowdfunding platforms, such as Kickstarter, open a whole new world in business financing but can end up being a confusing…
HSA, FSA or HRA — How Your Health Plan Affects Your Taxes
It’s important to understand the type of health account you have or could have, so you can take full advantage…
5 Things You Didn’t Know Were Taxable
When you think of taxable income, the first things that come to mind are most likely wages, including self-employment income,…
Roth vs. Traditional 401(k) – What’s the difference?
When you start working at a new company, you typically have a few money decisions to make during those first…
Your Options for Health Insurance Coverage
Did you know unpaid medical bills are one of the leading causes of personal bankruptcy in the United States? If…
5 popular tax credits: do you qualify?
There’s a good reason why people love tax credits. Unlike tax deductions, which lower your taxable income, tax credits lower…
6 Tax Filing Tips Parents Need to Know
The Internal Revenue Service (IRS) offers many deductions and credits that benefit parents and other taxpayers who claim dependents. To…
7 FAQs to Better Understand Form 1095-C
*Updated for tax year 2016. In January, aside from receiving your usual Form W-2 from your employer, you may receive Form 1095-C…
6 Steps to Minimizing Taxes on Retirement Income
If you’re planning to retire in the near future, or if you already have, you know that minimizing taxes is…
6 Tips for First Time Tax Filers
There's a good chance you’ve heard people complain about having to file their taxes for the first time. And perhaps…