Taxes

While tax return season is stressful, it can be a financial break for some people. Many people are asking the same question—why is my tax return so high in 2022?

Colleges across the country have already started sending out IRS Form 1098-T tuition statements to students. Does a 1098-T increase your refund?

On the fence about getting married? You might consider tying the knot if you’re looking for significant tax breaks. Why do married couples get tax breaks?

Millions of Americans received unemployment benefits and extra unemployment payments in 2021. Do you have to report all of these on your taxes?

Reporting taxes also includes reporting capital gains. Yes, you have to report stocks on your taxes when you file. Here's what to know.

Are you anxiously awaiting your tax refund? You might want to consider getting a tax refund cash advance emergency loan to help pay your bills.

Tax season has started and the IRS will reject some tax returns. The primary causes of tax return rejection are minor errors like incorrect spelling or identification numbers.

Tax filing for 2022 starts on Jan. 24 and there are a variety of services you can choose from to file. But which services let you file for free?

Legal cannabis is a big tax revenue generator. In the U.S., cannabis tax revenue has officially surpassed $10 billion. What was the cannabis tax revenue in 2021?

Property taxes could be one of the significant costs you incur when you own a property. Tax abatement can change that. What is tax abatement?

The last child tax credit monthly payments went out to eligible parents in December 2021. Does the child tax credit continue in 2022? Here's the scoop.

You’ll receive tax forms for Amazon Flex if you’ve earned more than $600 in a tax year through the company. Read more about reporting the income.

California is contemplating a move that could massively increase tax payments for families and businesses in the state. What's in the bill?

With the onset of the tax season 2022, many new questions have been arising related to COVID-19 relief measures. Are PPP loans taxable?

Zelle has what some people are calling a "tax loophole" because it isn't required to report transactions above $600 to the IRS. What's considered taxable income?

The cost of everything has gone up recently due to rising inflation. As we enter tax season, you might be wondering if taxes are going up in 2022.

As tax season approaches, can taxpayers who paid child support in 2021 write off those payments on their taxes? No, child support is not tax-deductible.

The IRS announced that tax filing season will begin on Jan. 24, 2022. Many tax preparation companies have begun accepting returns.

Zelle and other third-party payment platforms will have to provide a 1099-K to users and report their income above $600 for the 2022 tax year.

Effective in January 2022, the IRS will require third-party payment processors to report users’ business transactions that exceed $600 a year. What's the IRS's $600 rule and who's impacted?

Tax season is here and soon millions of U.S. citizens will be filing a tax return for 2022. There are options to self-file taxes or use an accountant.

Claiming tax exemptions directly impacts your take-home each pay period depending on your tax withholding. How many tax exemptions should you claim in 2021?

Senator Elizabeth Warren, known for pushing for higher taxes on the wealthy, made her tax returns since 2008 publicly available in order to be transparent.

The American Rescue Plan increased the child tax credit from $2,000 per child to $3,600 for kids under the age 6 and $3,000 for kids between the ages of 6 and 17.

Lawmakers are targeting billionaires for tax revenue. Will the unrealized capital gains tax pass?

A proposal to tax unrealized gains is being considered in the Senate. This would eliminate wealthy individuals' ability to defer taxation on assets.

The top 1 percent in the U.S make a lot of money and are wealthy. But how are they taxed?

Do congressmen and congresswomen pay taxes? Yes—it’s a myth that representatives and senators are exempt from income tax.

FAFSA (Free Application for Federal Student Aid) is asking for 2019 tax and income information because it evaluates applications based on previous income.

The deadline to file taxes for 2020 is May 17, 2021. It's a good idea file taxes even if you didn't have any income. Here's why.

Many taxpayers don’t know they qualify for the IRS’s earned income tax credit. Without a professional, it might be overlooked.

How can you avoid paying capital gains taxes on stock investments? Here are some legal ways to lower your tax burden on stock earnings.

Which Americans would have to pay more in capital gains tax if President Biden's plan goes through, and where would the money go?

The Biden administration just passed the American Rescue Plan Act. What are the income limits for the new version of the child tax credit?

The earned income tax credit has been around for decades, but is the U.S. government minimizing its reach? What can you expect in 2021?

When you sell your home, you have to pay taxes on the sale of a property. What’s the capital gains property tax rate if you plan to sell your home in 2021?

Your bonuses are taxed higher compared to your regular income because the IRS treats bonuses differently. How does the IRS tax bonuses?

The long-term capital gains tax rate applies after one year of holding the asset. What’s the long-term capital gains tax rate in 2020?

Who pays capital gains tax? How's the tax calculated and what's the difference between short-term and long-term capital gains?

Capital gains are a form of direct tax and are profit on the sale of an asset—movable or immovable. What’s the capital gains tax rate for individuals in 2020?