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You probably know that you can use your health savings account (HSA), health flexible spending arrangement (FSA), Archer medical savings account (Archer MSA), or health reimbursement arrangement (HRA) to pay for medical expenses… Read more: 9 Surprising Health Expenses Covered by Your HSA or FSA

Social Security benefits are crucial to many Americans’ retirement plans, providing a safety net that helps ensure financial stability in their golden years. But are Social Security benefits subject to taxation? Let’s dive… Read more: Guide to Social Security Taxes

Want summer vacation on a budget? If part of your spending money is coming from savings — or a tax refund — you can stretch it further with a little planning. Whether you’re… Read more: 5 Best Ideas for Summer Vacation on a Budget

Updated for 2025. Are you in the market for a new car, truck, or SUV? If so, do you have a plan for your next car purchase? Getting a new car is an… Read more: Top 10 Ways to Save Money on Your Next Car Purchase

If you owe taxes after filing your individual income tax return, the IRS offers several payment options to help you take care of your federal income tax balance in a way that works… Read more: 7 Ways to Pay Your Income Tax Bill

State and federal income taxes share many similarities, but they serve different purposes and are administered by different levels of government. Let’s explore the definitions of each to help you better understand how… Read more: State Income Tax vs. Federal Income Tax: What’s the Difference?

Updated for tax year 2025. If you find that you owe a significant amount of money to the government when filing your income tax return, you may not be able to pay the… Read more: IRS Payment Plans: The Basics

Learn how to fix a mistake after you filed your return.

Updated for tax year 2025. While most U.S. states levy a personal income tax, a few do not have a state-level individual income tax. Whether you live in one of these states or… Read more: States With No Income Tax

If you paid for daycare, after-school care, or even a household employee so you could work or look for work, you may qualify for the Child and Dependent Care Credit (also called the… Read more: Form 2441: Your Guide to Claiming the Child and Dependent Care Credit

Updated for tax year 2025 Digital currency wallets like Coinbase® have made it easy to invest in blockchain technology, such as cryptocurrency. If you’re new to investing or crypto exchanges, you might be wondering… Read more: How Do You Report Cryptocurrency on Your Taxes?

When tax season rolls around, the tax forms you receive paint a detailed picture of your finances during the tax year. If Form 1099-OID found its way into your mailbox this year, it’s… Read more: Form 1099-OID: What It Is and How to Use It

Taxes aren’t anyone’s favorite topic, but for nonprofit organizations, staying compliant with Internal Revenue Service (IRS) regulations is essential. IRS Form 990 is crucial for maintaining your tax-exempt status and staying transparent about… Read more: Filing Form 990: A Guide for Nonprofit Organizations

Tax documents can take up a lot of space in your filing cabinet, but many of us are wary of throwing them away. If fears of a tax audit or identity theft live… Read more: How Long to Keep Tax Records and How to Dispose of Them

Unemployment benefits can be a vital support for those experiencing unexpected job loss. If you received unemployment compensation for the first time this year, you may be wondering how it will impact your… Read more: Is Unemployment Compensation Taxable Income?

When dealing with tax matters, you might need someone else to handle things for you. Whether you’re facing an audit, resolving a tax liability, or just want your CPA to speak with the… Read more: IRS Form 2848: A Guide to Power of Attorney for Tax Matters

Categorizing your business costs into direct expenses and indirect expenses is essential for tax purposes. But how do you know which is which? Let’s take a simplified look at the differences between the… Read more: Direct vs. Indirect Expenses: What’s the Difference?

Cash App® is an easy way to send and receive money, but are there tax implications when using it? While taxes generally won’t apply to your personal payments, they still apply to business… Read more: Cash App® Taxes Explained: 1099, IRS Rules & Filing

Services like Zelle® are a quick, convenient, and accessible way to send and receive money without needing a trip to the bank. However, as their popularity grows, you may be wondering about the tax… Read more: Are Zelle® Payments Taxable?: Zelle® Taxes Explained

Using PayPal® makes sending and receiving money easy, whether you’re splitting dinner, running a small business, or getting paid as a freelancer. But when tax season rolls around, some PayPal users are surprised… Read more: PayPal Taxes: How PayPal IRS Reporting and 1099 Rules Work

Updated March 2026. The Working Families Tax Cut Act (formerly called the One Big Beautiful Bill) introduced a new type of savings account called Trump Accounts (also known as 503A accounts). These investment-style… Read more: What is a Trump Account? Understanding the New Savings Accounts for Kids and Families

Updated for tax year 2025. It’s easy to put off your tax filing, especially when life gets busy. But if you miss the tax deadline (usually the Tax Day due date is April… Read more: What Happens If You Don’t File Taxes?

Sending money through Venmo® is quick and casual, but when tax season rolls around, things can get complicated. Whether you’re splitting dinner, running a small business, or dabbling in crypto, it’s important to… Read more: Venmo Taxes: What You Need to Know Before You File

If you’re thinking about selling capital assets, like stocks, crypto, real estate, or another investment, you’re probably wondering how much tax you’ll owe when it comes time to file. The answer often depends… Read more: What Is Short-Term Capital Gains Tax?: A Guide to Rates and Brackets

Life doesn’t always cooperate when tax season rolls around. Missing tax documents, unexpected emergencies, or just a complicated tax situation can make it challenging or even impossible to meet the tax filing deadline… Read more: 12 FAQs About Tax Extensions

If you happened to trade stocks, cash out cryptocurrency, or sell real estate or other capital assets during the tax year, you may need to file some new tax forms this year. Specifically,… Read more: Schedule D: Your Guide to Reporting Capital Gains and Losses

If you rely on tips as part of your paycheck, you’ve likely heard about the new no tax on tips provision included in the One Big Beautiful Bill (OBBB), also called the Working… Read more: No Tax on Tips: What Tipped Workers Need to Know About the New Deduction

Updated for tax year 2025. If a creditor cancels your debt, that’s good news, right? Such cancellation of debt usually happens when the creditor gives up on collecting the debt or when the… Read more: Is Canceled Debt Taxable?

Did you receive Form 1099-INT this tax year? Here’s what is included in this important tax document and how you should use it when filing your federal income tax return. At a glance:… Read more: Form 1099-INT: What It Is and How to Use It

If there’s one thing many of us don’t want to see in our mailbox, it’s a letter from the Internal Revenue Service. Even worse, we don’t want to get a letter from the… Read more: 5 Reasons to Stop Worrying About a Tax Audit

There are often two types of tax filers: Those who neatly file their tax information and receipts away in color-coded file folders in preparation for tax season and those who scramble to gather… Read more: 7 Organizational Tips to Make Tax Filing Easy

You sold your house, an investment property, or something else of value. So, when do you tell the Internal Revenue Service? While tax law can seem overwhelming for many Americans, we’re here to help… Read more: How Capital Gains Tax Works: Short-Term vs. Long-Term Gains

Dividends can be a valuable source of investment income, but the tax rules aren’t always straightforward. Some dividends are taxed at ordinary income rates, while others may qualify for lower tax rates. Understanding how… Read more: How Are Dividends Taxed?: Ordinary vs. Qualified Dividends

Updated for tax year 2025. Did you profit from selling a house, some investments, or even a car this year? If so, you’ll likely need to report the sale on your income tax… Read more: Long-Term Capital Gains Tax: How Much Tax Will I Owe?

Not all small business owners need an employer identification number (EIN), but it may be beneficial to get one anyway, depending on your situation. Here’s what you need to know about applying for… Read more: What is an EIN and Why Do I Need One?

Last updated April 2, 2026. The Internal Revenue Service (IRS) has announced tax relief for taxpayers in areas impacted by recent federally declared disasters. Find out if you qualify by finding your state… Read more: IRS Extends Tax Deadlines in Some States Due to Natural Disasters

New national survey of 2,000 adults finds more than half of Americans regularly put off essential tasks, with taxes ranking among the most avoided  DALLAS, March 31, 2026 — TaxAct®, a leading U.S. tax software provider with… Read more: TaxAct® Officially Declares April 8 National Admin Night, Inviting Americans to Tackle Their To-Do Lists Together 

Let’s be honest, filing your taxes probably isn’t how you’d choose to spend a cozy night in. But what if you could turn a task we all dread into something to look forward… Read more: Tax Admin Night: What to Bring and How to Prepare to File Your Taxes

DALLAS, Jan. 29, 2026 /PRNewswire/ — TaxAct, a leading U.S. tax software provider trusted by more than 111 million filers since 1998, is entering the 2026 tax season with an expanded set of filing options… Read more: TaxAct® Expands Flexible Filing Options for the 2026 Tax Season