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395 plain-English guides to U.S. federal taxes, newest first.
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Opinion: The Future of Artificial Intelligence Tax Preparation Is (Not Quite) Here
What happens when computer code meets the U.S. tax code?
You Can Now Claim Self Employed Tax Credits for Sick Time & Family Leave
A new tax credit to claim is something you'll never get sick of.
You Can Now Claim Self Employed Tax Credits for Sick Time & Family Leave
A new tax credit to claim is something you'll never get sick of.
Potential Self-Employed Taxpayer Penalties in 2024
If Americans pay their estimated taxes late, they could be in line for a shocking bill from the IRS this spring. Last October, the IRS increased the self-employed taxpayer penalties for filing late or…
Reporting your Child’s Capital Gains and Dividends on Your Taxes: Form 8814
Little Timmy's investments actually paid off? Congrats! Here's how to put your kiddo's income on your joint tax return.
Tax Refunds Disappointing Many in Early 2024
Due to the increasing volume of returns being processed, the IRS has cautioned taxpayers that the average refund amount will likely change in the coming months. However, early data published by the IR…
How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars
Taxpayers who earn income in a foreign country or financial assets in foreign currencies must report their earnings and assets in US dollars on their tax returns. The IRS exchange rates are used to de…
The Only Official IRS Penalty Calculator Is an Accurate Tax Return
A fast tax penalty calculator? It's the IRS, not hockey.
Want Credit for Saving With Qualified Retirement Plan Contributions? Then Use Form 8880
You know those score multipliers in pinball? Saving for retirement is kinda like that.
IRS Publication 502: Yes, You Can Deduct Your Medical and Dental Expenses on Your Tax Return
If you've never heard of the medical expense deduction, you might be in for a treat.
The IRS One Time Forgiveness Program: How It Relates to Offer in Compromise, Installment Plans and Tax Penalties
Financial hardship makes taking care of your tax liabilities difficult, if not impossible. Sometimes a payment plan isn't enough.
IRS Announces Tax Season Deadlines, When Can You File and Expect Your Refund in 2024?
On January 8th, the IRS issued a statement that said taxpayers can start filing their annual returns on January 29. People who need extra time beyond the return filing due date can still request an ex…
Additional Form 8959 for Additional Medicare Tax: Calculating Do Your Employee Wages or Self-Employment Income Meet These Thresholds?
Additional Form 8959 for Additional Medicare Tax: Calculating Do Your Employee Wages or Self-Employment Income Meet These Thresholds?
Can You Write Off Your Kid's Private School Tuition as a Tax Deduction? It Depends on Your School, Your Student and Your Income
Can You Write Off Your Kid's Private School Tuition as a Tax Deduction? It Depends on Your School, Your Student and Your Income…
"Status: It's Complicated" Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim
"Status: It's Complicated" Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim…
There Is No Such Thing As a Department of Employee Retention Credit: Ignore ERTC Promoters, Skip the Seminars, and Avoid ERC Scammers
There Is No Such Thing As a Department of Employee Retention Credit: Ignore ERTC Promoters, Skip the Seminars, and Avoid ERC Scammers…
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their golden years. These changes aim to address…
2024 Tax Brackets And Deductions: A Complete Guide
With the amount of tools and other forms of assistance available to taxpayers, you’d be surprised at how little you have to be exposed to numbers and math in general when filing a tax return. However…
How Do Taxes on Gambling Winnings Work?
Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can enjoy your gambling activi…
How to Get a Copy of W2 Fast
If you're searching for your W2 quickly for a variety of reasons, whether it's a third party request, trying to qualify for a loan, or just filing your tax return and receiving your refund, it can lea…
How to Claim Premium Health Insurance Tax Credits
When it comes to navigating the complex world of tax credits, one area that often confuses individuals is the realm of health insurance tax credits. Specifically, understanding how to claim premium he…
Understanding the IRS Hardship Program
Sometimes unforeseen financial difficulties can arise, leaving individuals and businesses struggling to fulfill their tax responsibilities. The Internal Revenue Service (IRS) recognizes these challeng…
Nonprofits With Tax Returns: What Are IRS Form 990 and Form 990-EZ Used For?
There's no profit in not turning in your Form 990s!
How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What's Your Taxable Income?
And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked.