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.
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How to figure taxes on pension from a Qualified Domestic Relations Order, or QDRO
If you have a Qualified Domestic Relations Order, then you are treated as the plan participant.
2 min read Oct 22, 2019 -
Hubby broke into Coverdell Education Savings Account. Must we pay estimated taxes?
Whether you must pay taxes now or next year depends on how much you’re withholding.
2 min read Apr 11, 2022 -
Robbed retirement fund to pay off house. Are there any tax loopholes to help us?
Before paying off a mortgage with 401(k) funds, it’s smart to talk with a tax expert.
3 min read Jan 12, 2021 -
Can military family get capital gains home-sale tax break?
You have to meet certain IRS requirements to qualify for the home-sale exclusion.
2 min read Sep 28, 2021 -
Get stepped-up cost basis on inherited condo?
You may have to consult an accountant to see if your cost-basis calculations were correct.
2 min read Dec 16, 2021 -
Tax fraud victim? How to report ID theft
No, you don’t have to pay the IRS the defrauded amount, but do take these steps.
2 min read Sep 23, 2021 -
Why not deduct rental losses?
If the rules prevent you from deducting losses now, those losses won’t be gone forever.
2 min read Dec 20, 2020 -
Must US citizen working and living abroad file taxes in the US?
Yes, you must file taxes when working abroad, but you won’t be double taxed. Here’s why.
2 min read Oct 22, 2019 -
Do I have to pay taxes on inheritance?
You do have to report the income, but you likely won’t have to pay much in taxes.
2 min read Oct 22, 2019 -
The IRS offers ways to save on college
Want help in paying $4,000 of your college costs? Then look no further than your tax return.
4 min read Sep 23, 2021 -
Cash in 403(b) plan and take the tax hit?
Consider all these factors before you draw money out of your 403(b) plan.
2 min read Jan 12, 2022 -
New York state resource page
Bankrate plugs you into all the resources you need to learn about taxes in New York.
Sep 09, 2021 -
Can I deduct the electric bills I paid for Dad?
Generosity to family members may not result in big tax savings. Here’s what you can deduct.
2 min read Jun 25, 2020 -
Must we pay tax on cruise gift cards?
You must report the cruise gift cards as ‘other income,’ but you may also get a deduction.
2 min read Dec 20, 2020 -
8 tax breaks that cost Uncle Sam big money
As Congress tries to reduce the deficit, some tax breaks may be on the chopping block.
5 min read Jan 17, 2020 -
Never heard of FBAR filing. What do I do?
You won’t be charged penalties if you reported the income, but this is what you must do now.
2 min read Jun 25, 2020 -
Illinois state resource page
Bankrate plugs you into all the resources you need to learn about taxes in Illinois.
Oct 20, 2021 -
Florida state resource page
Bankrate plugs you in to all the resources you need to learn about taxes in Florida.
Jun 25, 2020 -
How to duck the Obamacare uninsured penalty
You have plenty of ways to avoid the new tax penalty under the health care law.
4 min read Sep 09, 2021 -
Are Medicare supplement plans deductible?
Yes, they are deductible, along with other medical expenses, if you meet certain criteria.
2 min read Sep 09, 2021
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