Solutions to Make Better Decisions with Your Taxes and Money

ACA Advance Premium Tax Credits Continue

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of Americans who enrolled in health insurance through the federal marketplace and receive tax subsidies to help offset […]

10 Things to Consider Before Buying Your First Home

For most individuals and families, buying a home represents the biggest purchase they will ever make. While buying a house can be a terrific investment, it should be done with great prudence, planning and comparison shopping. When is the best time to buy? How can you get the lowest interest rate on a mortgage? How […]

10 Smart Tips for Repaying Student Loans

With the cost of college increasing every year, tens of millions of students rely on loans to cover the rising expense of tuition, fees, books, and room and board. The average 2014 college graduate has $33,000 in student loan debt, more than any previous class. While repaying student loans is never easy, we have 10 […]

Small Business Week — 7 Strategies for Saving and Tax Planning

National Small Business Week Edition. National Small Business Week, organized by the Small Business Administration, recognizes the contributions of entrepreneurs and small business owners across the nation for the critical impact they have on the overall economy and job creation. “National Small Business Week is a chance to honor our nation’s 28 million small businesses and […]

10 Events to Consider When Planning Your Child’s Financial Future

You want the best for your children: good health, a great education and solid financial security. And if you want that last part to include money for college or a financial lifeline for an accident or illness, the time to start planning is now — even if “now” means “while you’re still working on becoming […]

How Doing Your Own Taxes Makes You Smarter about Your Finances

As part of the TaxACT #DIYtaxes blog tour, personal finance bloggers and experts from around the web share stories and tips about doing your own taxes and how it makes you smarter about the overall health of your finances. Check out the stops made on the tour.

What Is Form W-2 and How Does It Work?

If you work for an employer, then your employer withholds income taxes from each of your paychecks. That’s because both federal and most state governments collect income tax year-round, not just on April 15 (April 18 for tax year 2015). Every January or early February, you should receive a form W-2 from your employer that […]

Filing Income as a Contractor (Didn’t Get Form 1099-MISC)

In the “You Got This” Weekly Series, we will answer a question from our customers found on Facebook, Twitter, TaxACT’s Blog and around the web. Question: In 2013, I worked for a startup and was paid as a contractor. In 2014, I worked for the same company. They ended up bankrupt and never paid me the final 1.5 months […]

Your Complete Guide to Employee Stock Options and Tax Reporting Forms

Employers often compensate employees with benefits other than just a pay check. Stock options and stock purchase plans are becoming increasingly popular. Here are some of the more common employee stock options and plans, and the necessary tax reporting forms, to make tax time less stressful. Employee stock options and plans