Tax guidance and resources

Latest Articles

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  Inheritance tax: How it works, and how it differs from estate tax

  Only a handful of states have inheritance taxes, but it’s important to understand how they work and how they differ from estate taxes.

  3 min read Nov 21, 2024
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  How to calculate taxes on an inherited annuity

  Here are key things to know about inherited annuities and how to calculate taxes.

  3 min read Nov 21, 2024
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  Here’s what happens if you don’t file your taxes

  If you don’t file your tax return, the consequences vary depending on whether you owe a tax bill or are expecting a tax refund.

  4 min read Nov 20, 2024
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  4 year-end tax planning strategies to save money in 2024 and beyond

  These four year-end tax strategies can help trim your taxes for 2024 and beyond.

  4 min read Nov 19, 2024
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  When are taxes due? Tax deadlines for 2024-2025

  The deadline for filing your taxes in 2024 was April 15, or Oct. 15 with an extension. But if you missed those deadlines, you can still file your tax return now. The deadlines for 2025 are April 15, or [...]

  3 min read Nov 18, 2024
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  What is the long-term capital gains tax?

  Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

  9 min read Nov 15, 2024
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  Standard deduction for 2024-2025: How much it is, how it works and when to claim it

  Typically, taxpayers have two options: Claim the standard deduction or itemize their deductions. Here’s how to choose the best option for you.

  4 min read Nov 14, 2024
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  W-4 form: How to fill it out in 2024-2025

  The steps you need to follow to fill out your W-4 form. The W-4 determines how much in taxes is withheld from your paychecks.

  6 min read Nov 13, 2024
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  Sales tax deduction: How it works, who is eligible and how to claim it

  Here’s how the sales tax deduction works, what purchases are eligible and how to claim it.

  5 min read Nov 11, 2024
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  Estimated taxes: What you need to pay and when

  If you earn income that isn’t subject to federal tax withholding, you probably need to pay estimated taxes.

  4 min read Nov 08, 2024
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  Lower taxes, higher tariffs: What Trump’s tax plans mean for you

  Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.

  3 min read Nov 07, 2024
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  Donation value guide for 2024

  This list of common items offers an idea of what your donated clothing and household goods are worth, as suggested in the Salvation Army’s valuation guide.

  3 min read Nov 04, 2024
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  Bonus tax rate 2024: How bonuses are taxed

  Learn how bonus tax rates are calculated using the percentage method or aggregate method.

  4 min read Nov 04, 2024
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  7 top tax tips for investors

  Pay particular attention to these areas and you may find some new ways to save on what you owe.

  5 min read Nov 04, 2024
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  What is net income? Definition and how to calculate it

  Net income provides a more accurate account of financial status than gross income. Here’s why.

  2 min read Nov 04, 2024
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  Tax hikes or tax cuts? Here’s how Harris and Trump compare on taxes

  If Congress does nothing next year, taxes could increase for millions of Americans.

  7 min read Oct 30, 2024
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  Child tax credit: Here’s what to know for 2024 and 2025

  For taxpayers with children under 17, the child tax credit is a valuable tool for reducing taxes.

  2 min read Oct 30, 2024
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  2024 gift tax rate: What it is, how it works and who has to pay it

  The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.

  4 min read Oct 29, 2024
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  Alternative minimum tax 2024-2025: What it is and who has to pay

  The AMT has its own set of tax rates and requires a separate calculation.

  2 min read Oct 25, 2024
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  Marginal vs. effective tax rate: What’s the difference?

  These both help taxpayers understand how much they owe the IRS.

  3 min read Oct 24, 2024