Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Taxes Basics
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Bait-and-switch maneuvers on tax breaks
Some tax breaks aren’t what they appear to be. Be sure to read the fine print.
5 min read Jan 27, 2020 -
California resources
Bankrate plugs you into all the resources you need to file your California tax return.
Oct 20, 2021 -
Reporting German pension on Form 1040
The U.S. has a tax treaty with Germany that simplifies how you report pension income.
2 min read Dec 21, 2020 -
Time-share ‘taxes’ on seller are a scam
Guess which way you should run when a ‘broker’ charges ‘taxes’ to sell a time share?
2 min read Apr 11, 2022 -
Writing off a worthless stock
Did one of your investments totally tank? It may become valuable as a tax break.
2 min read Dec 20, 2020 -
Deduct costs of hosting foreign student?
You can’t get a tax deduction for hosting an exchange student for these reasons.
2 min read Sep 09, 2021 -
8 nuttiest tax write-off attempts revealed
A Harley as a medical deduction? A human skeleton as home office decor? There’s more.
6 min read Apr 06, 2022 -
Must pay back first-time homebuyer credit?
Due to your circumstances, you may not have to repay the first-time homebuyer tax credit.
3 min read Feb 08, 2024 -
Tax law updates for your 2014 tax return
An expert highlights what taxpayers can expect this tax season.
5 min read Dec 15, 2021 -
Will ID theft affidavit delay tax refund?
Filing the affidavit shouldn’t cause delays, but your tax refund may be late for other reasons.
2 min read Dec 16, 2021 -
Used capital loss carryover. Do I owe tax?
Just because you used up that loss doesn’t mean your tax bill will rise sharply.
2 min read Dec 16, 2021 -
Pay tax on nondeductible IRA contributions?
To track your nondeductible contributions, you should have filed Form 8606 over the years.
2 min read Oct 20, 2021 -
Moving expenses deduction for job change
You have to meet certain tests before you can deduct moving expenses for a job change.
3 min read Jun 26, 2020 -
What the IRS doesn’t want you to know
If the IRS comes knocking, a little knowledge can keep you out of the taxpayer penalty box.
3 min read Dec 16, 2021 -
Hire a pro to find missed tax breaks?
Here’s how to find a tax pro who can determine if you missed out on some tax breaks.
2 min read Oct 20, 2021 -
Is in vitro fertilization cost deductible?
If you itemize, you can claim IVF costs that exceed a certain percentage of your income.
2 min read Oct 20, 2021 -
Filing taxes late? Here’s how to get started
Start by determining when you last filed taxes. Here’s how to get help.
2 min read Oct 20, 2021 -
Chart: Tax burden by state
Some states rely on sales tax, others on income tax. Find out how your state gets its money.
1 min read Oct 20, 2021 -
Must I report to the IRS the sale of inherited devalued property to Florida county?
Though the county paid less than the property’s value, you must report it. Here’s how.
2 min read Sep 09, 2021 -
Do I need to file a tax return?
Even though you didn’t earn any wages, it might make sense to file a return. Here’s why.
2 min read Sep 09, 2021
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