How to Reduce or Avoid Capital Gains Tax on Property or...
If you sell assets like vehicles, stocks, bonds, collectibles, jewelry, precious metals, or real estate at a gain, you’ll likely pay a capital gains tax on some of the proceeds. Fortunately, there are strategies that can help keep these taxes at a minimum.
Top 7 Options for Free Online Tax Preparation Software & Services
Bank account promotions aren't the only way to get your hands on free money.
If you have a relatively simple tax situation - for example, if...
How to Calculate Federal Income Tax – Rates Table & Tax...
In the United States, the amount of tax you owe depends on several factors, one of them being how much money you make each year. With a little understanding of the tax brackets, you can take the drama out of tax time, no complex mathematics required.
Box 12 Codes on Tax Form W-2 Explained
If you’re an employee, one of the many tax forms you have to file is Form W-2. And Box 12 of that form throws many taxpayers for a loop. Each of the uppercase codes you might see in Box 12 has a meaning, and understanding them is the first step to calculating your total tax liability.
What Is Child Support – Laws & Guidelines for Payments
According to the National Center for Health Statistics (NCHS), about 41% of first marriages end in divorce. For second and third marriages, that number...
5 Education-Related Tax Credits & Deductions for College Tuition & Expenses
Tuition costs are high, and increases seem inevitable, but there are ways to alleviate the financial burden. The federal tax code currently offers several tax credits and deductions that can help you recoup some of that cash at tax time.
List of 14 Commonly Overlooked Personal Tax Deductions & Credits for...
Tax deductions and credits can add up to sizable savings and help boost your tax refund — or at least minimize your overall tax burden. Review these commonly overlooked deductions and credits to make sure you don’t miss any you’re eligible for.
What Is the Gift Tax – IRS Rules, Rate & Maximum...
The IRS considers many gifts taxable, including money given to friends and family, cars, furniture, use of a vacation home, and an interest in your business. If you’re extremely generous, you might have to consider the gift tax. Here’s what you need to know about gift tax rules and exclusions.
How to Pay Federal Estimated Taxes Online to the IRS in...
It often seems traditional employees get the better part of the deal when it comes to paying taxes. Some money is withheld from their...
16 Smart Ways to Spend Your Tax Refund Money Wisely
Every year, millions of Americans receive billions of dollars in tax refunds. Many blow it on dinners out, new clothes, and presents for themselves. But before you get carried away dreaming up inventive ways to spend your refund, do something to boost your future instead.
How to Fix the United States’ Debt Problems & Reduce Federal...
According to projections by the Congressional Budget Office (CBO), America will continue to spend more than it receives in revenues from 2016 to 2026, and...
4 Reasons the IRS Can Seize Your Income Tax Refund Money...
If you recently filed your tax return and were expecting a nice, fat refund check, you might be shocked to check the refund status and...
