Tax guidance and resources

Latest Articles

• 

  What is the long-term capital gains tax?

  Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

  9 min read Nov 15, 2024
• 

  Standard deduction for 2024-2025: How much it is, how it works and when to claim it

  Typically, taxpayers have two options: Claim the standard deduction or itemize their deductions. Here’s how to choose the best option for you.

  4 min read Nov 14, 2024
• 

  W-4 form: How to fill it out in 2024-2025

  The steps you need to follow to fill out your W-4 form. The W-4 determines how much in taxes is withheld from your paychecks.

  5 min read Nov 13, 2024
• 

  Sales tax deduction: How it works, who is eligible and how to claim it

  Here’s how the sales tax deduction works, what purchases are eligible and how to claim it.

  5 min read Nov 11, 2024
• 

  Estimated taxes: What you need to pay and when

  If you earn income that isn’t subject to federal tax withholding, you probably need to pay estimated taxes.

  4 min read Nov 08, 2024
• 

  Lower taxes, higher tariffs: What Trump’s tax plans mean for you

  Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.

  3 min read Nov 11, 2024
• 

  Donation value guide for 2024

  This list of common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.

  3 min read Nov 07, 2024
• 

  Bonus tax rate 2024: How bonuses are taxed

  Learn how bonus tax rates are calculated using the percentage method or aggregate method.

  4 min read Nov 04, 2024
• 

  7 top tax tips for investors

  Pay particular attention to these areas and you may find some new ways to save on what you owe.

  5 min read Nov 04, 2024
• 

  What is net income? Definition and how to calculate it

  Net income provides a more accurate account of financial status than gross income. Here’s why.

  2 min read Nov 04, 2024
• 

  Tax hikes or tax cuts? Here’s how Harris and Trump compare on taxes

  If Congress does nothing next year, taxes could increase for millions of Americans.

  7 min read Oct 31, 2024
• 

  Child tax credit: Here’s what to know for 2024 and 2025

  For taxpayers with children under 17, the child tax credit is a valuable tool for reducing taxes.

  2 min read Oct 31, 2024
• 

  2024 gift tax rate: What it is, how it works and who has to pay it

  The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.

  4 min read Oct 29, 2024
• 

  Alternative minimum tax 2024-2025: What it is and who has to pay

  The AMT has its own set of tax rates and requires a separate calculation.

  2 min read Oct 28, 2024
• 

  Marginal vs. effective tax rate: What’s the difference?

  These both help taxpayers understand how much they owe the IRS.

  3 min read Oct 25, 2024
• 

  2024-2025 tax brackets and federal income tax rates

  Preparing for the 2024 tax season and unsure about your tax bracket? Bankrate can help.

  4 min read Oct 28, 2024
• 

  Can a Roth IRA be used for college?

  Here’s how to use a Roth IRA to pay for your child’s college tuition.

  6 min read Oct 21, 2024
• 

  2023 tax brackets

  Info on 2023 federal tax brackets

  1 min read Oct 28, 2024
• 

  How student loans impact your taxes

  There are a few ways to include your student loans while filing your taxes.

  6 min read Sep 30, 2024
• 

  What to know about financial insolvency

  Insolvency is a difficult financial situation, but it doesn’t have to last forever.

  6 min read Aug 19, 2024