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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Itemized deductions: What they are and how they work
An itemized deduction is a qualifying expense that may reduce how much you owe in taxes.
2 min read Nov 28, 2022 -
Kentucky state taxes 2021: Income and sales tax rates
Kentucky uses a flat income tax rate of 5% for single and married filers.
1 min read Nov 24, 2021 -
Michigan state taxes 2021: Income and sales tax rates
Michigan residents pay an income tax rate of 4.25%.
1 min read Nov 24, 2021 -
Georgia state taxes 2020-2021: Income and sales tax rates
There are six tax brackets for Georgia income taxes: 1%, 2%, 3%, 4%, 5% and 5.75%.
2 min read Mar 07, 2022 -
Connecticut state taxes 2020-2021: Income and sales tax rates
There are seven income tax brackets in Connecticut: 3%, 5%, 5.5%, 6.0%, 6.5%, 6.9% and 6.99%.
2 min read Nov 15, 2021 -
Is a state with no income tax better or worse for your finances?
Before taking a side in the debate, consider these factors.
6 min read Mar 07, 2022 -
California state taxes 2021-2022: Income and sales tax rates
California has nine tax brackets: 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%.
2 min read Jan 14, 2023 -
Florida state taxes 2021-2022: Income and sales tax rates
Florida is one of only nine states that doesn’t charge an income tax.
1 min read Nov 12, 2021 -
Mississippi state taxes 2021: Income and sales tax rates
If you live in or work for a company in Mississippi, you might have to file a state income tax return.
1 min read Nov 11, 2021 -
Maine state taxes 2022: Income and sales tax rates
Maine residents will fall into one of three tax brackets.
1 min read Nov 11, 2021 -
2020 tax brackets
There are seven tax brackets for most ordinary income for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Jul 12, 2022 -
Indiana state taxes 2021: Income and sales tax rates
Indiana has a flat income tax, meaning you pay the same tax rate regardless of income.
1 min read Nov 11, 2021 -
State and local tax (SALT) deduction: What it is and how it works
This deduction allows some taxpayers to deduct the money they spend on state and local taxes.
3 min read Nov 08, 2021 -
Tax filing 2022: How to file your taxes
It’s time to start thinking about filing your 2021 taxes and what information you’ll need to submit a tax return.
4 min read Nov 08, 2021 -
The 9 best tips to help you prepare for tax-filing season
Do all you can to reduce your tax bill, even if your financial situation is simple and straightforward.
7 min read Nov 05, 2021 -
Gross vs. net income: What’s the difference?
Learn how these differ and how they both can impact your budget.
3 min read Mar 11, 2022 -
5 tax deductions for rental property
You can claim a range of tax deductions related to the running of the property itself and even to running a business.
3 min read Sep 22, 2022 -
Consumption tax: What it is and how it works
A consumption tax is one that applies to the sale or purchase of a good or service.
3 min read Nov 23, 2022 -
Excise tax: What it is and how it works
Excise taxes apply only to certain products and can be charged either as a percentage of a sale or on a per-unit basis.
3 min read Nov 23, 2022 -
Inheritance tax: What it is, how it works and how much it is
Only a handful of states have an inheritance tax, but it’s important to understand how they work.
3 min read Nov 03, 2021
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