How a Retiree on a Fixed Income Can Legally Reduce Their Tax Bill
Once provisional income tops $34,000 single or $44,000 joint, up to 85% of Social Security gets taxed. Here's how to legally reduce taxes in retirement.
Options For Getting a Tax Form?
If you are among the 20% that still file by mail, you will need to understand the tax form required for your circumstances.
How to Know If You Should Get a Tax Refund
You can get a tax refund on your income tax if you owe less income tax than what was withheld from you, and the estimated tax that you paid from...
How to Estimate Your Marginal Tax Rate
A marginal tax rate is the tax rate that applies to the last unit of currency of your taxable income or your taxable spending.
The True Cost of a Refund Anticipation Loan
Obtaining a refund anticipation loan can be an extremely costly endeavor and it is important you understand the true cost of these types of loans.
Basic Tax Deductions On the 1040EZ
Before you make the decision to use form 1040 EZ, make sure that you will not receive greater benefit using another form instead to claim a tax deduction.
States with the Highest Sales Tax
Some states have lower sales taxes, and other states have higher sales taxes. The state with the highest sales taxes include:
States Without a Sales Tax
Although the majority of states opt for a sales tax, not all locations impose this requirement. Currently, there are five states without sales taxes.
Free Online Tax Calculators for Simple Returns
The Internal Revenue Service and other websites provide a free tax calculator or two, and other tax tools to help you analyze and plan your finances.
Estimating Your Tax Returns
Tax returns are reports that are filed with the Internal Revenue Service, and are classified as either tax returns or as information returns.
Changes to Estate Tax Rates In 2013
In response to the looming fiscal cliff crisis, Congress got busy and finally hammered out a budget agreement that includes new tax rates.
See More
Most Recent
Should I File Form 8829 for Home Office Deductions?
Most self-employed individuals can deduct up to $6,000+ in home office expenses using Form 8829, but only if expenses exceed $1,500. Learn if you qualify.
Read More
How to Claim the American Opportunity Tax Credit for College in 2026
Claim up to $2,500 per student with the American Opportunity Tax Credit in 2026, including $1,000 that's refundable even if you owe no tax. See if your household qualifies.
Read More
EITC 2026 Changes: Key Updates for Low-Income Workers
The EITC 2026 changes boost the maximum credit for three or more children to $8,231, aiding millions of low-income workers.
Read More
Understanding 1031 Exchange Taxes in 2026
Learn how 1031 exchange taxes defer capital gains and depreciation recapture in 2026. Understand IRS rules for real estate investors.
Read More
Understanding Tax Brackets 2026: How the Marginal Rates Apply
In 2026, the 37% tax rate applies only to income above $640,600 for singles. Learn how tax brackets work this year.
Read More
How to Read Your W-2 Form Without Getting Confused
Reconcile your W-2 against your paystub in under 30 minutes by focusing on Box 1, Box 2, and Social Security totals. Catch errors before the IRS does.
Read More