Tax guidance and resources

Latest Articles

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  Gross vs. net income: What you need to know to manage your finances

  Knowing the difference between gross and net income can help you better manage your financial situation.

  4 min read Jun 06, 2025
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  Taxpayer identification number (TIN): What it is and how to find it

  A TIN is a nine-digit number used to identify taxpayers. If you need to file taxes, you’ll need a TIN.

  2 min read Jun 06, 2025
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  What is FICA tax? Here’s what you need to know about payroll taxes

  FICA tax, also known as payroll tax, is what almost all workers have to pay for Social Security and Medicare.

  4 min read Jun 05, 2025
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  W-4 form: How to fill it out in 2025

  The W-4 form determines how much in taxes is withheld from your paychecks, which in turn helps you manage your tax refund, or tax bill.

  8 min read Jun 03, 2025
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  Short-term capital gains tax: What it is, what the rates are and how to reduce your taxes

  Paying attention to short-term capital gains tax rates can help you save money in the long run.

  4 min read Jun 02, 2025
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  Marginal tax rate: What it is and how to find yours

  In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate.

  5 min read May 31, 2025
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  Roth IRA rules you should know during tax season — and all year long

  There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.

  7 min read May 31, 2025
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  Here’s what happens if you don’t file your taxes

  The consequences of not filing your tax return vary depending on whether you owe a tax bill or are expecting a tax refund.

  5 min read May 31, 2025
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  The average tax refund each year, and how tax refunds work

  The average tax refund so far in 2025 is $2,939, up just $70 from the average refund this time last year. Here’s how tax refunds work.

  3 min read May 31, 2025
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  What is net income? Definition and how to calculate it

  Net income is gross income with some items subtracted. This financial term has relevance for businesses and individuals.

  3 min read May 31, 2025
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  Child and dependent care credit: How it works, who qualifies and how much it’s worth

  The child and dependent care credit can help parents recoup at least some of the steep costs of child care.

  5 min read May 30, 2025
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  Inheritance tax: How it works and how it differs from estate tax

  Only a handful of states levy an inheritance tax, but it’s important to understand how it works and how it differs from the estate tax.

  4 min read May 30, 2025
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  Trump tariffs latest updates: Appeals court keeps tariffs in play, pauses U.S. trade court ruling

  Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.

  21 min read May 29, 2025
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  OASDI tax: What it is, how it works and who pays it

  OASDI tax is another name for the Social Security taxes that are withheld from our paychecks and sent to the IRS.

  4 min read May 29, 2025
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  Flat tax: What it is, how it works and why it matters

  A flat tax is when one tax rate applies to all taxpayers, regardless of income. Here’s how it works, and how it differs from a progressive tax system.

  4 min read May 28, 2025
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  Tax refund schedule: How long it takes to get your tax refund

  More than 90 percent of tax refunds are sent out by the IRS in less than 21 days, but some situations can lead to delays.

  3 min read May 28, 2025
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  Bonus tax rate 2025: How bonuses are taxed

  Employers can choose one of two options when calculating taxes on your bonus. Here’s how bonuses are taxed.

  5 min read May 28, 2025
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  5 tax deductions for rental property

  If you own rental property, you can reduce your tax bill by claiming valuable tax deductions.

  4 min read May 26, 2025
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  Schedule E: How to use this tax form to report rental income and losses

  Schedule E is a tax form used to report rental property income and expenses. Here’s what you should know.

  4 min read May 25, 2025
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  Modified adjusted gross income (MAGI): What it is, why it matters and how to calculate it

  Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

  5 min read May 24, 2025