Taxes

5 Costly Last-Minute Tax Mistakes to Avoid Photo of Rebecca Lake Rebecca Lake 5 Costly Last-Minute Tax Mistakes to Avoid Before you know it, the April tax deadline will be right upon us. Get a leg up... Who Can You Claim as a Dependent on Your Tax Return? Learn who you can claim as a dependent on your tax return based on the rules that have been set forth by the IRS - so that you'll maximize your tax refund. How to File Taxes as a College Student For college students, taxes can be a complex subject. Learn what you need to know about filing taxes for the first time. Find out which IRS tax forms are going to be most relevant for you as a college student and young adult. See the necessary advice that will help you during the process of filing a tax return. Do You Have to Report Income Earned From a Hobby? Photo of Shirley Pulawski Shirley Pulawski Do You Have to Report Income Earned From a Hobby? Making extra money by putting skills and talents to use on the side has become a... What Happens If You Miss the October 15th Extended Tax Filing Deadline? Photo of Lance Cothern Lance Cothern What Happens If You Miss the October 15th Extended Tax Filing Deadline? Earlier in the year, you realized that you would not be able to file your tax... What is the Retirement Saver's Tax Credit? Do You Qualify? Learn how to save money on your tax return with the retirement saver's tax credit. Get more back on your tax return by using the saver's tax credit. What You Need To Know About ABLE Accounts Learn all about how ABLE accounts work for people who have disabilities and seek out tax-advantages for their healthcare expenses. The Differences Between Health Savings Accounts vs. Flexible Spending Accounts Photo of Kevin Mercadante Kevin Mercadante The Differences Between Health Savings Accounts vs. Flexible Spending Accounts In a world where out-of-pocket healthcare costs are rising, and the deductibility... How Do Changes to the Mortgage Interest Deduction Affect Homeowners? Photo of Nicole Dieker Nicole Dieker How Do Changes to the Mortgage Interest Deduction Affect Homeowners? The bigger your mortgage, the more interest you’re probably paying on your debt.... How to File Taxes When You Live and Work in Different States If you are someone who lives in one state and works in another, learn what you have to do when it comes time to file tax returns. How to Manage Estimated Quarterly Taxes as a Freelancer Find out when you are considered a freelancer or self-employed, which means you have to pay estimated quarterly taxes on your income. Learn about the IRS rules regarding any fees, fines, and penalties for missed tax payments. Compare the different options that you have to pay your estimated quarterly taxes. What to Do If You Didn't File Taxes on Time Photo of Shirley Pulawski Shirley Pulawski What to Do If You Didn't File Taxes on Time The tax deadline has come and gone, but if you didn't file your tax return, all is... The Gift Tax: Do You Have to Pay Them? Photo of Ben Luthi Ben Luthi The Gift Tax: Do You Have to Pay Them? The gift tax may be one of the least understood provisions of the tax code. It... What is a Flexible Spending Account and Should You Use One? Learn everything you need to know about flexible spending accounts (FSAs), including how to get one and what their purpose is for when it comes to covering healthcare expenses. Find out the benefits and drawbacks of this special employer-sponsored account and compare it to the popular health savings account (HSA). What to Do If You Haven’t Filed Past Tax Returns Take the necessary steps in this guide to help you with tax returns that you failed to filed in previous years. Find out what the rules are for tax refunds on old tax returns and for any owed taxes (fees and penalties). Learn what you can do if you cannot afford to pay back any back taxes. Should You Take Out a Personal Loan to Pay Your Taxes? Photo of Valencia Patrice Higuera Valencia Patrice Higuera Should You Take Out a Personal Loan to Pay Your Taxes? If you anticipate owing money to the federal government, you might underestimate... How To Protect Yourself From The 12 Most Dangerous Tax Scams of 2024 Photo of Paul Sisolak Paul Sisolak How To Protect Yourself From The 12 Most Dangerous Tax Scams of 2024 You go to file your income taxes with the hopes of getting a nice, big refund this... How to Handle a Tax Bill That You Cannot Afford Find out why you owe so much in taxes this year. Learn what you can do to address a tax bill that you can't afford to pay off immediately. Understand what happens when you do not clear this debt with the IRS. Last Minute Tax Deductions to Take Right Before Tax Day Find out which tax deductions are still available to tax filers who want to reduce their tax bill right before tax day. This means making contributions to tax-deferred accounts that still allow contributions between January 1st and tax day. Learn how much you can deduct and other IRS rules that apply. 10 Best Ways to Use Your Tax Refund in 2024 Photo of Thomas (TJ) Porter Thomas (TJ) Porter 10 Best Ways to Use Your Tax Refund in 2024 It’s tax season, which means millions of Americans will be filing their taxes and... 5 Signs You’ll Be Audited By the IRS Photo of Dan Rafter Dan Rafter 5 Signs You’ll Be Audited By the IRS Worried about an audit from the IRS? You should be. Receiving an audit... 5 Common Tax Filing Myths Debunked Buying into these most common tax filing myths can cost you an armload of cash but MyBankTracker has separated fact from fiction so you don't end up in the red. How to Avoid Probate and Use a Living Trust Use a living trust to protect the property and wealth you've saved up by avoiding probate. That way you can leave more to your family and loved ones. What Is a 529 Plan? What Are the Tax Advantages? Photo of Katherine Muniz Katherine Muniz What Is a 529 Plan? What Are the Tax Advantages? 529 Plans, also known as Qualified Tuition Programs, are tax-advantaged college... 12 Reasons You Haven’t Received Your Tax Refund Photo of Debbie Dragon Debbie Dragon 12 Reasons You Haven’t Received Your Tax Refund If you’re lucky enough to receive a tax refund this year, you’re probably eager to... How to Itemize Deductions on Your Tax Returns Learn when it might make sense for you to itemize deductions over the standard tax deduction on your tax returns. How to File Your Tax Returns for Free Learn about the different ways that you can file your tax returns for free, depending on your financial situation.
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