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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Plan for taxes due on a Roth IRA conversion
Before converting your traditional IRA to a Roth account, ask yourself these key questions.
5 min read Mar 11, 2022 -
5 questions about the homebuyer tax credit
Does the IRS owe you a refund for the homebuyer tax credit? Here are a few answers.
6 min read Mar 11, 2022 -
How to report taxes on foreclosed homes
When the bank issues a 1099-A on foreclosed homes, there usually is no tax impact.
2 min read Oct 27, 2022 -
Deducting sales tax on a new car
This year, even taxpayers who claim the standard deduction can take advantage of this tax break.
4 min read Mar 11, 2022 -
10 wackiest tax deductions for 2010
Writing off the cat as an ‘exterminating expense’? It’s just one of 2010’s wackiest tax deductions.
6 min read Nov 17, 2020 -
Is elder abuse settlement taxable?
Whether a settlement is taxed or not depends on the nature of the claim, not the lawsuit.
1 min read Oct 22, 2019 -
Homebuyer tax credit extended, expanded
In 2009, lawmakers improved the homebuyer tax credit. Find out how it reduces your tax bill.
5 min read Mar 11, 2022 -
Capital gains tax exclusions of $1.5 mil?
It takes time, a good market and homebuilding skills to claim $1.5 million in tax exclusions.
2 min read Sep 03, 2021 -
Super Bowl winnings are taxable income
Placed a bet on the big game? You’re not alone, but most winners ignore the tax responsibilities.
7 min read Mar 15, 2022 -
7 new tax laws to know
Several new tax laws made it into the IRS Code. See which ones might help cut your tax bill.
4 min read Mar 11, 2022 -
5 old tax laws, with new amounts
Some old tax laws stay the same. Just the amounts change to reflect inflation.
3 min read Oct 23, 2019 -
Avoid the nanny tax pitfalls
Don’t be tripped up by the nanny tax. Be sure to follow the rules when it comes to household help.
5 min read Sep 23, 2021 -
Claiming tax credit for a caregiver
You can claim a tax credit or a medical deduction for a caregiver, or a combination of both.
2 min read Sep 23, 2021 -
Tax credit claims could limit Free File
The IRS’s Free File option is back. But this year, tax credits could leave some filers out.
4 min read Mar 11, 2022 -
Reporting disability benefits for a minor
Grandfather wants to know whose return reports the disability benefits being paid to his grandson.
3 min read Mar 11, 2022 -
Writing off a tax loss on a franchise
Before determining the amount of tax loss on a franchise, make sure to amortize.
2 min read Oct 23, 2019 -
Sales tax deduction for a new roof?
When it comes to home renovations like a new roof, the sales tax deduction can get confusing.
2 min read Oct 23, 2019 -
Are blood donations taxable income?
Depending on the situation, your blood donations could be taxed as earned income.
1 min read Nov 24, 2020 -
Bankrate’s 2010 Tax Guide: How do I …?
We’re here to help make your tax preparations easier than ever!
Sep 23, 2021 -
Bankrate’s 2010 Tax Guide: Philanthropy
Even the IRS has a heart. Giving to charity can be a wise tax move, as long as you follow the rules.
Sep 23, 2021
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