Taxes

Tax credits

Learn about credits you qualify for to reduce your tax liability.

Deductions

Lower your taxable income using the right deductions.

Brackets

Tax brackets can be confusing, but are essential to understand.

Filing your return

Consider these things before deciding whether to hire an accountant.

Everyone wants to have a lower bill, especially when it comes to taxes. A healthy tax refund check can feel like winning the lottery, but many taxpayers are missing out on even bigger refunds because they fail to claim tax credits and deductions that they may qualify for.

The majority of Americans do not understand how tax brackets work or what the difference between a tax credit and tax deduction is. If you want to pay less in tax, it's essential that you understand these concepts.

Retiring with enough saved to live comfortably after you've left the workforce depends heavily on understanding how taxes apply to the Roth IRA, traditional IRA, and a 401k. It's not safe to assume you'll pay less taxes in retirement – in fact, with careful planning you can even avoid paying any income tax when you retire.

How A Health Savings Account (HSA) Works

These accounts can function as a powerful savings tool with benefits that can extend for many years.

Understand The Coronavirus (COVID-19) Tax Extension

The government is providing an extension that can help during this difficult time.

How To Save Money Through Tax Deductions

It's important to understand how tax deductions work, when you can take them, and how much you save.

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Here Are 5 Simple Strategies You Can Use to Pay Less Tax This Year

One of the most significant financial reliefs one could have is a lower tax bill.

What Tax Credits Can I Qualify For?

Reduce your tax liability by taking advantage of tax credits you qualify for.

Tax Credits vs. Tax Deductions: How They Work

With tax credits and tax deductions, it’s sometimes confusing what the difference is and which will provide the lower liability.

Are Unemployment Benefits Subject to Income Tax?

Any time you receive money from the government or your job, always approach with caution and save for taxes.


Things To Know When Filing Taxes as an Independent Contractor

Independent contractor taxes are a bit more complex than when you work for someone and get a W-2.

Independent contractor taxes are a bit more complex than when you work for someone and get a W-2.

February 3, 2020


Taking Tax Deductions When You Work From Home

If you work from home rather than an office, you may be eligible for specific tax deductions, including the home office tax deduction.

January 19, 2020


Taking Tax Deductions When You Work From Home

If you work from home rather than an office, you may be eligible for specific tax deductions, including the home office tax deduction.

What is the American Opportunity Tax Credit?

The American Opportunity Tax Credit directly lowers your tax liability when you pay for an eligible student’s college education.

February 6, 2020


What is the American Opportunity Tax Credit?

The American Opportunity Tax Credit directly lowers your tax liability when you pay for an eligible student’s college education.

The Lifetime Learning Tax Credit Can Save You Up To $2,000 In Taxes

This Tax Credit helps you lower the cost of pursuing a post-secondary education.

February 6, 2020


The Lifetime Learning Tax Credit Can Save You Up To $2,000 In Taxes

This Tax Credit helps you lower the cost of pursuing a post-secondary education.


Should I Prepare my Own Taxes or Hire an Accountant?

Should I Prepare my Own Taxes or Hire an Accountant?

Most people can file on their own, but there are things to consider before doing your own taxes.

February 5, 2020



You Might Have To Pay Income Tax On Your Social Security Income

You Might Have To Pay Income Tax On Your Social Security Income

Did you know that as much as 85% of your Social Security income may be taxed?

January 6, 2020



What Most People Don't Understand About Tax Brackets

What Most People Don't Understand About Tax Brackets

Tax brackets seem simple enough – the more money you make, the more taxes you pay, there’s more to it than that, and it is important to understand why.

December 5, 2019



What to Do With Your Tax Refund: 5 Smart Ideas

What to Do With Your Tax Refund: 5 Smart Ideas

Tax refunds can bring a windfall of extra income that might trigger the urge to splurge.

March 24, 2020



How To Save Money on Taxes with Charitable Donations

How To Save Money on Taxes with Charitable Donations

A charitable donation tax deduction can lower your tax liability if you qualify.

February 13, 2020


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