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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Latest Articles
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When to deduct travel expenses
A tale of two business offices, thousands of miles apart: Can travel expenses be deducted?
1 min read Oct 22, 2019 -
Deferring interest on savings bonds
There are several ways for taxpayers to report the interest earned on savings bonds.
2 min read Apr 06, 2022 -
Will IRS pay interest on a tax refund?
Don’t think of it as a bank, but the IRS will pay interest to you under certain conditions.
2 min read Dec 16, 2021 -
Meth production cooks up tax trouble
Is there at least a tax benefit for the property damage caused by a meth operation?
2 min read Oct 22, 2019 -
Is IRA taxed for elder care?
You can minimize taxes paid on an IRA if you use the money to pay for a nursing home.
2 min read Oct 23, 2019 -
‘Goofy’ change coming to Roth IRA
A 2010 Roth IRA rule change will help investors, even if the logic behind it is a little ‘goofy.’
1 min read Mar 11, 2022 -
Will a refinance result in higher taxes?
Borrowing against your rental was smart while prices rose. But sell now and you still owe taxes.
2 min read Jul 29, 2020 -
Rollover funds won’t get new tax break
Transferring retirement funds into a traditional IRA rollover will not net a new tax break.
1 min read Oct 22, 2019 -
Banker should fix tax error
Banker’s error in titling an IRA causes a $35,000 tax bill, and he should be on the hook to fix it.
2 min read Oct 23, 2019 -
Pay IRA penalty or foreclose?
To save a home with nearly $200,000 in equity, be willing to pay a penalty — or maybe not.
3 min read Oct 22, 2019 -
Tax credit for home energy efficiency?
If you missed out on earlier tax credits, they are being reintroduced. But there is a limit.
1 min read Feb 05, 2021 -
Die in 2011 and you’ll pay
With the estate tax in flux, planning for estate taxes at death is uncertain at best.
2 min read Apr 06, 2022 -
Rules for the child care tax credit
The IRS has rules for claiming the child care credit if you pay a relative to provide the care.
2 min read Jul 23, 2018 -
Selling property in a foreign country
When you become a U.S. resident, the IRS wants a portion of all your worldwide income.
2 min read Mar 11, 2022 -
Do you qualify for COBRA subsidies?
In order to qualify for the COBRA subsidy, an employee must have been laid off or fired.
2 min read Apr 06, 2022 -
Deducting court-ordered COBRA payments
In a divorce, the medical expenses of the ex-spouse may be deductible as alimony.
2 min read Jul 23, 2018 -
Should tax fears alter retirement plan?
Tax diversification remains a cornerstone of a sound 401(k) retirement savings strategy.
1 min read Nov 13, 2017 -
2009 tax holiday schedule
Find out if your state offers tax breaks on back-to-school shopping and the rules for the discount.
8 min read Feb 25, 2021 -
Sales tax holidays offer shopping bargains
Plan back-to-school shopping carefully to take advantage of tax-free shopping days in 15 states.
4 min read Oct 23, 2019 -
IRA penalty has multiple exceptions
The IRS makes it clear that taxpayers can withdraw IRA money early for more than one purpose.
1 min read Dec 15, 2021
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