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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Latest Articles
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Do I have to report cash gift from foreign relatives?
You have to add up all the money from foreign relatives to see if you must report it.
2 min read Oct 23, 2019 -
Can I claim my son as a dependent
Your son may have had to file taxes due to his part-time job. Can you still claim him?
2 min read Dec 21, 2020 -
Are education savings bonds tax exempt?
You can exclude interest income for education expenses under certain circumstances.
2 min read Jun 26, 2020 -
Refinancing for rental property deduction
Refinancing a rental to create a tax deduction may work, but losses may be limited.
2 min read Oct 23, 2019 -
How to calculate taxes on an annuity
Taxes on an annuity depend on several factors, including age and income.
1 min read Oct 23, 2019 -
Taxes on a gift of $100K worth of stock
The tax you will owe on this generous gift will depend on several factors.
3 min read Oct 23, 2019 -
Must we file taxes for rental property?
Though your property may be a money pit, you may still have to file taxes every year.
2 min read Nov 24, 2020 -
How to find a lost payment to IRS
The IRS owes you money but won’t pay. Now what?
2 min read Feb 02, 2021 -
How to dispose of a 1031 exchange
You accounted for the 1031 property when you acquired it, so the IRS knows about it.
2 min read Feb 02, 2021 -
Capital gains on home sale due to job change
If you have to sell within two years, you may still qualify for a reduced exclusion.
2 min read Oct 23, 2019 -
Spouse abuse victim unsure of filing status
You can’t file as head of household this year, but you may do so in future years.
2 min read Feb 03, 2021 -
New tax rates for rich taxpayers
Rich taxpayers have more tax worries than the rest of us. Here’s a breakdown of the new taxes.
Jun 25, 2020 -
Filing past due tax returns from 2007
First find the copies of your last tax returns, as they can help you figure out where to start.
2 min read Oct 22, 2019 -
Child-related tax breaks growth chart
Children offer parents numerous tax advantages from birth through the college years.
Sep 28, 2021 -
Can I claim Mom as a dependent?
You have to meet certain tests to claim your mother as a dependent on your taxes.
2 min read Oct 22, 2019 -
Is payment for a right of way taxable?
The payment will affect your property’s basis, so the first step is to calculate its basis.
2 min read Apr 11, 2022 -
Claiming an energy tax credit for new roof
You may qualify for a tax credit of up to $500 if your roof meets certain energy requirements.
1 min read Mar 11, 2022 -
Key tax changes for 2014 and beyond
A professor explains some key tax changes facing taxpayers in 2014 and 2015.
4 min read Apr 12, 2021 -
Claim car repair costs due to a pothole?
A casualty loss results from unexpected events such as floods and maybe potholes, too.
2 min read Jan 12, 2022 -
Deducting your home office costs
If you work from home, you might be able to write off your home office space.
4 min read Sep 03, 2021
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- States with no income tax
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- Deduct child care expenses
- Use the sales tax deduction
- Claim medical expenses
- Tax deduction for charitable giving
- How to e-file taxes
- How long to get your tax return
- How to invest tax return
- Open IRA to save on taxes
- When to pay estimated taxes
- How bonuses are taxed
- Long-term capital gains tax
- Tips for paying estimated taxes
- When are taxes due?
- Do I have to file taxes?
- The best tax software