Tax guidance and resources

Latest Articles

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  What is an underpayment penalty? Definition and examples

  The IRS charges a penalty for not paying enough toward your tax obligation throughout the year.

  3 min read Jan 03, 2022
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  Value-added tax (VAT): What it is and how it works

  Value-added tax (VAT) is the international alternative to U.S. sales tax.

  3 min read Dec 16, 2021
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  Do I have to file taxes? How much do you have to make?

  You must consider three factors: your age, filing status and income.

  6 min read Dec 15, 2021
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  Kansas state taxes 2021: Income and sales tax rates

  Kansas has three state income tax rates: 3.10%, 5.25% and 5.70%.

  2 min read Dec 06, 2021
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  Minnesota state taxes 2021: Income and sales tax rates

  Minnesota has four tax rates: 5.35%, 6.80%, 7.85% and 9.85%.

  2 min read Dec 06, 2021
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  Colorado state taxes 2021-2022: Income and sales tax rates

  Colorado’s state income tax rate is a flat 4.55% of your federal taxable income.

  1 min read Dec 06, 2021
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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 Dec 06, 2021
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  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
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  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
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  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 Nov 17, 2021
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  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
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  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 Nov 12, 2021
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  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 Nov 12, 2021
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  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
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  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
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  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
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  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%.

  Nov 11, 2021
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  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 08, 2021
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  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
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  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