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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How to pay no federal income tax
The tax code provides opportunities for the rich and poor to reduce their tax liability to zero.
4 min read Apr 06, 2022 -
Rich, famous and tussling with the taxman
These stars made it big, but they neglected to give Uncle Sam his share.
8 min read Apr 06, 2022 -
Proof needed to claim earned income credit
The IRS requires tax preparers to furnish proof of a child’s residency to claim the EITC.
2 min read Sep 09, 2021 -
8 outlandish tax deductions to skip in 2014
Certified public accountants recall the most inventive write-offs they’ve seen clients make.
6 min read Sep 09, 2021 -
Texas state resource page
Bankrate plugs you into all the resources you need to learn about taxes in Texas.
Jan 12, 2022 -
Deduct mortgage interest on three houses?
You can deduct mortgage interest on two homes. But if you rent the third, you have an option.
2 min read Sep 28, 2021 -
Penalty for using 401(k) to pay off house?
The IRS has specific rules about using retirement funds toward the purchase of a house.
2 min read Oct 23, 2019 -
Use severance pay to fund my 401(k) plan?
There’s a way to use severance money to fund a 401(k) at your startup business.
2 min read Jan 12, 2022 -
Former homeowners want to reduce tax bill
Even if you don’t own a home, you can reduce your income tax bill. Check out these steps.
2 min read Jun 25, 2020 -
Determining cost basis of gifted property
Your cost basis in the land depends on how your grandfather acquired it before he gifted it.
2 min read Jun 25, 2020 -
Slash your tax bill in 2014 and beyond
An expert says taxpayers leave too much money on the table. He offers tips to save more.
3 min read Dec 16, 2021 -
Defer constructively received income?
If your rental manager collected payment in December, then the IRS says you got it, too.
2 min read Dec 16, 2021 -
How big tax changes will affect you
An expert offers a road map to changes affecting this year’s tax return — and beyond.
4 min read Dec 16, 2021 -
Deductible expenses of two homes
You’re in a tough spot, but you can probably deduct property taxes and mortgage interest.
2 min read Oct 20, 2021 -
Tax benefits for education of grandkids
While you can’t deduct your grandkids’ college costs, you can get a different tax break.
2 min read Nov 09, 2020 -
Do I pay taxes on inheritance?
You don’t have to file an estate return since the estate is under the $5.25 million threshold.
2 min read Jan 17, 2020 -
Taxes on Social Security disability income
You had to jump through hoops to qualify for SSDI; now you have to jump over tax hurdles.
4 min read Sep 23, 2021 -
Using Roth IRA funds at foreign schools
You can use Roth funds at schools that participate in student aid programs here and abroad.
3 min read Sep 23, 2021 -
60-day withdrawal from a Roth IRA
The IRS does allow tax-free withdrawals if you follow certain steps within 60 days.
1 min read Jul 07, 2020 -
Increase withholding or pay estimated tax
The general rule is that estimated tax payments are required if you meet certain criteria.
2 min read Nov 24, 2020
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