Taxes

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...

6 Tax Tips for a Self-Publishing Author

Updated for tax years 2021 and 2022. If you have a story, inspiration, or anything else you want to tell...

Trends: Are sourcing rules changing (and making anything easier)?

“Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the...

5 Crucial Pieces of Your Sales Tax Compliance Filing Process

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and...

Can the IRS Automatically Complete Tax Returns?

May 12, 2022 A new study shows that the IRS may be able to complete nearly half of the nation’s...

What’s new: state sales and use taxes

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent...

Payroll Taxes: What they are and how to file

May 6, 2022 It’s National Small Business Week in the US, which means it’s also time for small businesses to...

5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can...