Taxes
8 Changes You Can Make Now to Prepare for Next Tax Season
Let’s all breathe a collective sigh of relief — this year’s filing season is finally over. Now that tax filing...
Why You Should Be Separating Your Personal & Business Finances
It doesn’t matter if you’re just starting out as a small business owner or you’ve been doing it for a...
6 Smart Ways to Invest Your Tax Refund This Year
If you are one of the many Americans who got a significant refund after filing this year, you might be...
Tax Reduction Strategies
June 1, 2022 While taxes are inevitable, you want to make sure that you’re not paying more than you have...
What are Non-Taxable Earnings?
May 26, 2022 There are instances where income will not be taxed, whether or not you report it during tax...
Multi-channel selling sales tax: Wholesalers and Drop Shipping
Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions...
Multi-channel selling sales tax: Direct/retail sales
Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development...
Student Loans and Taxes: What Current Students & Graduates Need to Know
May 20, 2022 Not all students are required to file taxes. However, there are instances where it may benefit you...
States with local economic nexus – a review
Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied...
How Are the Childcare Tax Credits Different?
Updated for tax year 2021 The Child Tax Credit (CTC) underwent some hefty changes in 2021: Max credit amount: The...
Gift Tax: Do I Have to Pay Tax When Someone Gives Me Money?
All TaxAct offers, products and services are subject to applicable terms and conditions. Start for free Sign In I’m Interested...
7 Best Family Tax Credits & Exemptions
Updated for tax year 2021. You have plenty of expenses while your children are young. Fortunately, some of those expenses...