Taxes

IRS $600 Rule on Reporting Payments from Third-Party Apps Find out how you may be affected by the IRS rule on reporting payments from third-party services and what you'll have to do during the tax filing season. Lance Cothern Lance Cothern How to Get Credit for Your Missing Stimulus Payments on Your Tax Return As of early 2021, Congress approved two stimulus checks related to the coronavirus... Lance Cothern What The Payroll Tax Deferral Really Means for Your Paycheck It goes without saying that the past few years have been crazy years from a tax... What to Do If You're Claimed Wrongly as a Dependent on Someone Else's Tax Return Find out what you should do if you find out that you (or your legal dependent) was claimed as a dependent on someone else's tax return. Lance Cothern Wash Sale Rule: How to Avoid an Inconvenient Tax Violation Learn what trades are considered in violation of the wash-sale rule, which forbids you from exploiting tax benefits in securities transactions. Lance Cothern Lance Cothern 2020 Tax Guide: IRS Changes Caused by Coronavirus Due to the recent COVID-19 pandemic, the 2020 tax-filing season was affected... Kevin Mercadante Are Business Credit Card Interest Charges and Fees Tax-Deductible? The short answer: Yes. But as is the case with just about everything... What Are Each State's Income Tax Rates? Find out about the income tax rates for each U.S. state, including those that don't impose any state income taxes. Lance Cothern Major Life Milestones That Could Change Your Tax Situation Find out which major life milestones can result in big changes to your tax filing season -- they could have an impact on the complexity of your taxes. Simon Zhen Lance Cothern New W-4 IRS Tax Form: How It Affects You If you work at a job and have federal income taxes withheld from your paycheck, you... Lance Cothern Can You Opt Out of Paying Social Security Taxes? When you received your first paycheck, you were probably in for a rude awakening.... Kiddie Tax: How to Minimize a Child's Income Tax Learn about the kiddie tax and how a young child can minimize their taxes paid on earned and unearned income, including investments, dividends, and interest. Lance Cothern Taxes on Gambling and Sports Betting: What You Need to Know Find out how taxes are applied to winnings on gambling and sports betting activity, including how to calculate the taxes owed and deducting expenses. Lance Cothern Lance Cothern What Are the FICA Taxes on Every Payroll Check? When you received your first paycheck, you might have been shocked to see a much... Valencia Patrice Higuera Tax Abatement: How Does It Help You Save on Property Taxes? Property tax rates vary depending on where you live. But typically average between... Can You File Taxes as Head of Household? Learn the Rules Use this guide to find out whether you can file your taxes with the head-of-household status based on your home costs and qualifying dependents or children. Lance Cothern What Non-U.S. Citizens Should Know About Filing U.S. Tax Returns and Paying Income Tax Find out what non-U.S. citizens should know about filing U.S. tax returns and paying U.S. income tax based on non-resident alien status. Lance Cothern Lance Cothern How to Prepare for Next Year’s Tax Filing Season Now You’ve just filed your tax return. The last thing you want to think about is next... Lance Cothern Who Pays Interest Taxes on Joint Bank Accounts? There are plenty of advantages and disadvantages of joint bank accounts. And,... Why You Should Avoid Tax Refund Advance Loans Find out why you should avoid tax refund advance loans, which may put money in your hands faster, but there are various fees and very high interest rates. Thomas (TJ) Porter How to File an Amended Tax Return Find out what situations require you to file an amended tax return and learn how to file Form 1040X so that the IRS has the correct tax information from you. Lance Cothern Kevin Mercadante How Do Taxes Change After Marriage? Going to get married or about to get married? You may be concerned about how... Lance Cothern Invested in Cryptocurrency? What You Need to Know for the Tax Season If you’re trading or mining cryptocurrency, you should be aware you may owe taxes... How Bonuses Are Taxed by the IRS Learn how your bonuses are taxed by the IRS, including tax withholdings based on the amount of your bonus income. Lance Cothern How to Figure Out Your Federal Income Tax Bracket Learn how federal income tax brackets really work when it is applied to your income, including how to calculate exactly how much your income is taxed. Lance Cothern Aja McClanahan How to Adjust Tax Withholding to Get More Money Per Paycheck Every year, it seems like you get a tax refund. It's a nice chunk of money. But... Rebecca Lake How to Get the Saver's Credit (Tax Credit) When You Save for Retirement For many people, taxes are not too complex. Unless you buy a house or you... Do You Have to Report PayPal Income to IRS on Tax Return? Find out whether you have to report the income that you received via PayPal -- to the IRS on your tax return, including the relevant tax rules and forms. Kevin Mercadante Does Your Child Have to Pay Income Tax? If your children earn money on their own, find out the situations where they may have to pay income tax on their earnings. Nicole Dieker