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

What if you don’t file taxes?

If you don’t file your tax return, the consequences vary depending on whether you owe a tax bill or are expecting a tax refund.

4 min read

4 year-end tax planning strategies to save money in 2024 and beyond

These four year-end tax strategies can help trim your taxes for 2024 and beyond.

4 min read

Tax deadlines for 2024-2025

The deadline for filing your taxes in 2024 was April 15, or Oct. 15 with an extension. But if you missed those deadlines, you can still file your tax return now. The deadlines for 2025 are April 15, or [...]

3 min read

Long-term capital gains tax basics

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

9 min read

Latest Articles

Capital gains tax on second home sale

You may not have to pay tax on the capital gain of a second home if you pass certain tests.

2 min read Jun 24, 2014
Taxes owed on an early 401(k) distribution

The tax you’ll owe will depend on what bracket you are in when you cash out your 401(k).

2 min read Jun 19, 2014
Deduct mortgage interest on a 2nd home?

The interest on the home you bought for your in-laws may be deductible in these cases.

2 min read Jun 17, 2014
Do I have to report cash gift from foreign relatives?

You have to add up all the money from foreign relatives to see if you must report it.

2 min read Jun 12, 2014
Can I claim my son as a dependent

Your son may have had to file taxes due to his part-time job. Can you still claim him?

2 min read Jun 10, 2014
Are education savings bonds tax exempt?

You can exclude interest income for education expenses under certain circumstances.

2 min read Jun 05, 2014
Refinancing for rental property deduction

Refinancing a rental to create a tax deduction may work, but losses may be limited.

2 min read May 29, 2014
How to calculate taxes on an annuity

Taxes on an annuity depend on several factors, including age and income.

1 min read May 27, 2014
Taxes on a gift of $100K worth of stock

The tax you will owe on this generous gift will depend on several factors.

3 min read May 22, 2014
Must we file taxes for rental property?

Though your property may be a money pit, you may still have to file taxes every year.

2 min read May 15, 2014
How to find a lost payment to IRS

The IRS owes you money but won’t pay. Now what?

2 min read May 08, 2014
How to dispose of a 1031 exchange

You accounted for the 1031 property when you acquired it, so the IRS knows about it.

2 min read Apr 29, 2014
Capital gains on home sale due to job change

If you have to sell within two years, you may still qualify for a reduced exclusion.

2 min read Apr 17, 2014
Spouse abuse victim unsure of filing status

You can’t file as head of household this year, but you may do so in future years.

2 min read Apr 15, 2014
New tax rates for rich taxpayers

Rich taxpayers have more tax worries than the rest of us. Here’s a breakdown of the new taxes.

Apr 11, 2014
Filing past due tax returns from 2007

First find the copies of your last tax returns, as they can help you figure out where to start.

2 min read Apr 08, 2014
Child-related tax breaks growth chart

Children offer parents numerous tax advantages from birth through the college years.

Apr 04, 2014
Can I claim Mom as a dependent?

You have to meet certain tests to claim your mother as a dependent on your taxes.

2 min read Apr 03, 2014
Is payment for a right of way taxable?

The payment will affect your property’s basis, so the first step is to calculate its basis.

2 min read Apr 01, 2014
Claiming an energy tax credit for new roof

You may qualify for a tax credit of up to $500 if your roof meets certain energy requirements.

1 min read Mar 27, 2014