Tax guidance and resources

Latest Articles

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  Delaware state taxes 2021: Income and sales tax rates

  Delaware uses a graduated rate to determine tax liability.

  1 min read Jan 06, 2022
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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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  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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  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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  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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  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 Nov 04, 2021
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  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 04, 2021
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  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 03, 2021
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  12 ways to lower your taxable income this year

  There are a number of steps you can take to ensure you don’t pay the IRS more than you have to.

  2 min read Oct 05, 2021
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  Tax withholding definition: When and how to adjust your IRS tax withholding

  The goal is to have just the right amount withheld – as close as possible to your actual tax liability.

  4 min read Sep 23, 2021
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  2019 tax brackets

  For taxes due July 15, 2020, taxpayers fell into one of these brackets.

  1 min read Nov 04, 2020
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  2018 tax brackets

  For 2018, taxpayers fell into one of seven brackets.

  1 min read Nov 04, 2020
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  Hit hard by the alternative minimum tax (AMT)? Here are 6 ways to reduce how much you owe

  While it was designed to catch wealthy tax avoiders, the AMT may unwittingly snare many others too.

  4 min read Oct 02, 2020
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  Filing taxes for a deceased person

  Here’s what to know if you’re responsible for filing taxes for a deceased spouse, parent or dependent.

  5 min read Feb 17, 2020
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  5 pet-related tax write-offs

  In some situations, pet owners can deduct the costs of their furry family members.

  5 min read Dec 17, 2019
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  Shop these sales tax holidays to save on back-to-school shopping

  Many states are waiving taxes on clothes, computers and classroom supplies.

  2 min read Jul 15, 2019
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  2017 tax bracket rates

  View 2017 IRS income tax brackets for single, married and head of household filings.

  1 min read Nov 28, 2018
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  Only a quarter of workers attribute their bigger paycheck to GOP tax law

  Many Americans haven’t noticed a pay hike on the heels of tax reform, Bankrate’s survey finds.

  3 min read Mar 05, 2018