Is a 401(k) the Right Way to Save for Retirement?
The 401(k) retirement plan, first popularized in the 1980s, is an excellent way to put aside money for retirement. Like…
TaxAct Blog: Explore All Articles
4 Ways to Deduct Interest on Your Tax Return
For many people, home mortgage interest is the most important tax deduction they take. It’s not the only type of…
Set Your Own Financial Limits (And Stick to Them)
Many money guidelines are helpful tools, but generic personal finance advice can end up hurting your wallet. For obvious reasons,…
10 Job-Related Tax Benefits That Could Save You Some Serious Money
There’s more to a good job than a steady paycheck. Full-time employment can earn you all sorts of perks —…
Release Yourself from the Shackles of Credit Card Debt
Getting financially fit is the second most common New Year’s resolution, after weight loss, of course. For many Americans, getting…
Investing vs. Paying Off Debt: 6 Rules to Follow
You know you need to pay off debt. But you also know you need to save for emergencies, education, a…
What Are the Tax Subsidies for the Affordable Care Act?
One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or…
6 Essential Items Military Families Should Know About Taxes
As a member of the U.S. Armed Forces, you have special situations that may affect your tax return. For instance,…
Tips for Filing Taxes for the First Time
You can’t fully understand many important things in life until you do them for the first time: riding a bike,…
10 Common Tax Mistakes That Could Cost You
The U.S. tax code is nearly 4 million words. That’s a lot of complicated tax jargon. However, even though the…
5 End of Year Strategies to Boost Your Tax Savings
You still have time to maximize your refund or reduce your tax bill before it's time to file your 2021…
Does College Debt Have Tax Benefits?
The cost of higher education in America goes up every year. For the 2013-2014 school year, the average annual price…