Solutions to Make Better Decisions with Your Taxes and Money

Attention Gig Economy Workers: You Have to Pay Taxes!

You’ve probably heard that the gig economy is overtaking the ways we work. But, how extensive is this phenomenon that smashes the standard of the 9-to-5 job?

It’s Taxable: Report Your Tip Money as Income

If you work at a job where you normally receive tips, you understand how that money can quickly become an important part of your income. However, according to the Internal Revenue Service (IRS), tip money is also taxable. For that reason, it’s important to know how the IRS expects you to report tip income, so […]

3 things to know about our Price Lock Guarantee

At TaxAct, we believe in pricing transparency. Our goal is to ensure every customer knows upfront what they’ll pay to file their taxes. One important way we make that happen is by offering a Price Lock Guarantee on any of our online tax filing products. To help you better understand how it works, here are […]

How to earn extra cash for the holidays

From presents, wrapping paper and greeting cards to decorations, food and travel, the cost of holiday cheer can quickly add up. Before you know it, you’ve blown through your budget  – and may even be experiencing some buyer’s remorse about all those strands of twinkle lights you bought. But, hold on! There is good news! This year can […]

The keys to home ownership when you’re self-employed

People who choose to work for themselves tend to like a certain amount of independence. It takes a lot of gumption to cut ties with the traditional 9-5, and the kind of person willing to take that leap is usually in search of an independent lifestyle. But, it’s hard to be truly independent when you’re chained to […]

New Affordable Care Act tax scam: what you need to know

Every year scam artists devise new schemes to defraud millions of people.  In recent years, it seems one of the most popular systems to target is the IRS. Unfortunately, fraudsters are at it once again – posing as the IRS in an attempt to steal taxpayers’ hard-earned money. To keep your bank account and private […]

Back to school: a tax break for teachers

Teachers are always on the hunt for creative ways to enhance their students’ learning experience. Unfortunately, tight school budgets stifle many of those efforts, and educators are often forced to dive into their own pockets to purchase materials. In fact, the recent average out-of-pocket spend for school teachers is around $500 with some reporting yearly totals in the […]

7 FAQs about the Earned Income Tax Credit

The Earned Income Tax Credit, or EITC, is a tax credit designed to help low- to moderate- income working individuals and couples get ahead and put more money back in their pockets. It can provide a significant boost to your tax refund each year if you meet certain criteria. For instance, if you are employed, […]

7 Tax Tips Military Members Need To Know

For members of the U.S. Armed Forces, there are undoubtedly a variety of unique financial challenges that come with the role. From serving overseas for extended periods of time and traveling for training to moving frequently and incurring the costs of uniform maintenance, the list of financial hurdles is quite long. Fortunately, the IRS has designed special […]