Tax articles
395 plain-English guides to U.S. federal taxes, newest first.
26 results in Paying Taxes
ClearForm 2106: A Guide for Employee Business Expenses
When it comes to tax time, there are plenty of forms out there that seem to only apply to certain people in very specific situations. Form 2106, officially titled Employee Business Expenses, is one of…
Form 8300: Reporting Cash Payments of Over $10,000
Form 8300 is used to report large cash payments—specifically, any cash transaction over $10,000 received in a trade or business. If you run a business and someone hands you a big pile of cash (or even…
Your Guide to Form 8936: Claiming the Clean Vehicle Credit in 2025
Form 8936 is your ticket to claiming the Clean Vehicle Credit, which helps you get some money back when you buy a qualifying electric or plug-in hybrid vehicle. It’s the form you’ll fill out to tell t…
Can I Roll My Taxes into Next Year?: A Last Resort For Tax Debt
When tax season rolls around and the numbers don’t quite work in your favor, it’s natural to start asking questions like, can I roll my taxes into next year? Maybe you owe more than you expected, or m…
Can the IRS Take Your 401(k)? What You Need to Know in 2025
While retirement accounts are generally protected from most creditors, they’re not off-limits to the IRS. However, the agency must follow specific legal steps before accessing your savings, and in man…
The Tax Penalty for No Health Insurance
Health insurance is an essential aspect of financial and medical security for many Americans. However, for those who choose to go without health insurance, there may be financial consequences dependin…
Tax Write Off for Donations to Goodwill
Donating to Goodwill is a great way to give back to the community while also benefiting from potential tax savings. The IRS allows taxpayers to claim a tax write off for donations to Goodwill and othe…
Can I Claim My Girlfriend as a Dependent?
When tax season rolls around, many people start looking for ways to maximize their deductions and reduce their taxable income. One common question that comes up is: can I claim my girlfriend as a depe…
Understanding Tax Rebates: What They Are and How They Work
Tax rebates are a form of financial relief provided by the government, offering taxpayers the opportunity to receive a refund or reduction on the amount of taxes they owe. Many people associate rebate…
Are Scholarships Taxable? Everything You Need to Know
For many students and their families, receiving a scholarship can be a huge financial relief. Whether it’s a merit-based award, an athletic scholarship, or a need-based grant, this free money can help…
The Penalty For Taking Early 401(k) Withdrawals
Having an untapped source of money for emergencies is tempting, particularly in an economy like this, but tapping into retirement will get you a 401k early withdrawal penalty—unless you understand the…
What Are Dividends Now Taxed At? A Comprehensive Guide for 2025
As we’ve explained before, dividends are a form of income distribution given to a corporation’s shareholders, and are a popular choice for investors seeking passive income. So, are dividends taxed? Wh…
Is Social Security Taxed After Age 70?
Is social security taxed after age 70? In life there are many myths that people keep believing despite them having no basis in reality, like chewing gum supposedly doesn’t digest, or how it’s safe to…
How To Know What Tax Rate To Use In Your Return
With different brackets, deductions, and credits to consider, it’s easy to feel overwhelmed. But don't worry, you'll find everything you need to know inside this handy guide.
How Do I Pay Estimated Tax Payments to the IRS?
Paying the IRS isn’t fun, but unfortunately it is something we all have to do, and especially around tax season. The good news is that the IRS has finally made it as easy to make Estimated Tax Payment…
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…
Completing IRS Form 433D for Your Direct Debit Installment Agreement
A form for direct debit. Does the IRS have a form for taking Apple Pay?
Refundable Tax Credits vs. Non-Refundable Tax Credits
Sometimes credits can be too much, and we mean that in every sense of the word. Thankfully, tax credits offer some much needed relief to the overwhelmed taxpayer.
Missed the May 17 Deadline? File Taxes Now to Get a Refund & Lower Penalties
The IRS encourages people who have not yet filed their individual income tax return to do so as soon as possible. Here are some important tips and information if you have missed the filing due date.
What's The United States Treasury Address?
If you owe taxes to the IRS, it is important to know the correct address to send your money to. Sending your tax payments to the wrong IRS address could result in delayed processing that makes you lia…
How To Pay Taxes: The 6 Best Payment Options
Want to know how to pay taxes? Everyone has to pay taxes—that much is obvious. But you probably don’t know just how many options you have to do it. The IRS offers plenty of avenues on which to pay you…
How to Get a Tax Extension
Spring has arrived and April 15 will be here before we know it, but many of us won’t be ready to file our tax returns in less than a month.
IRS Tax Payment Plan
Do you owe back taxes to the IRS? Are you having trouble coming up with the money to pay your Federal taxes? You are not alone.
Types Of Tax Deductions
With the ever-changing tax laws and the temporary nature of most tax credits and deductions, timing is critical when it comes to claiming anything on your income tax return. To make the most of the av…