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Tax Tips

Common Tax Issues for the Recently Divorced or Separated

Joseph E. Cordell | Posted 02.04.2016 | Divorce
Joseph E. Cordell

Because of the numerous additional factors that now apply to your situation, there are likely many new concerns or questions you have once you start checking off boxes on your tax forms.

Congress Extends Many Expired Tax Breaks: Learn How You Could Benefit

Lisa Greene-Lewis, CPA | Posted 12.21.2015 | Business
Lisa Greene-Lewis, CPA

Just like the holidays, tax season seems to creep up before you know it. While you may be thinking creep is the only thing the holidays and taxes have...

10 Simple Year-End Income Tax Tips

Lule Demmissie | Posted 12.15.2015 | Business
Lule Demmissie

Sure the tax code is convoluted and April seems so far away, but consumers should seek out expert advice and learn as much as they can about tax basics and how financial products and decisions impact liability.

Tax Words to the Wise for LGBT Couples at Year's End

David Rae | Posted 02.02.2016 | Queer Voices
David Rae

Whether you've been together for years or decades (or 10 minutes), 2015 taxes will be the first time many LGBT couples will be filing jointly on their federal and state returns because -- cue the trumpets -- we're married now.

Top 10 Year-End Tax Planning and Other Financial To-Do's

Carrie Schwab-Pomerantz, CFP | Posted 11.16.2015 | Business
Carrie Schwab-Pomerantz, CFP

With time rushing by and the end of 2015 in sight, you may be lamenting that you haven't accomplished all that you had planned. But even if you'll have to put off certain things until 2016, you still have time this year to make some smart financial moves.

4 Better Ways To Spend Your Tax Refund

LearnVest | Posted 06.29.2015 | Money
LearnVest

In the coming weeks you could be one of the many Americans receiving what the IRS has quoted as the average tax refund of $3,120. And it's precisely why we thought it was high time to take a look at the common ways people make poor decisions when it comes to tax refunds.

Taxes and Your Wallet

Mike Smith | Posted 06.17.2015 | Money
Mike Smith

Taxes and Your Wallet

Tips For Avoiding Identity Theft, From Jean Chatzky (VIDEO)

Posted 04.07.2015 | Home

Identity theft happens more often than we notice, especially during tax season. Jean Chatzky suggests that you should check your credit report three t...

The 10 Most Overlooked Tax Deductions and Credits

Betterment.com | Posted 05.18.2015 | Money
Betterment.com

Most taxpayers can use a standard deduction when filing their taxes, but you can possibly save more money if you're eligible for a variety of itemized deductions or credits.

Getting Ready To File Your Taxes? Don't Miss This Checklist

WiserAdvisor.com | Posted 05.09.2015 | Money
WiserAdvisor.com

Tax season is upon us again. April 15th may be the official deadline to file, but now is the time to start gathering everything you'll need so that you aren't scrambling in the eleventh hour.

Countdown To Tax Day: A Six-Week Prep Guide For April 15

LearnVest | Posted 05.04.2015 | Money
LearnVest

It's six weeks until T-Day. That's Tax Day for those of you who haven't given much thought to the yearly deadline. While we're not quite there yet, crunch time is just around the corner -- unless you start gathering your materials and making some serious strides today.

5 Tax Myths That Can Cost You

Credit.com | Posted 04.22.2015 | Money
Credit.com

Tax myths are a lot like a bad date. They are annoying and seem to last forever. Yet people have beliefs about income taxes that have no basis in reality. Were it not for the potential financial costs, some of these might be amusing. But if you believe them and act upon them, they can cost you serious money.

Over 65? Check this Big Tax Break For Your Medical Bills

Bob Rosenblatt | Posted 04.22.2015 | Fifty
Bob Rosenblatt

You can get a special tax break to deduct your medical expenses. And they can be a lot more than you realize.

What Married Taxpayers Lose By Filing Separately

Betterment.com | Posted 04.20.2015 | Money
Betterment.com

For all married couples, there is an annual choice to make when selecting your filing status: married filing jointly (MFJ) or married filing separately (MFS)? As with most tax-related questions, the answer is that it depends.

Should You File Your Tax Return Now or on April 15?

Betterment.com | Posted 04.20.2015 | Money
Betterment.com

Alex Benke, CFP, Betterment's Director of Advice Products, recommends that you time your filing to the IRS based on whether or not you will be getting a refund. "File immediately if you will be receiving a refund," Benke says. "Delay filing until close to April 15 if you owe the IRS money."

5 Organization Tips to Make Taxes Less Taxing

David A. Dedman | Posted 03.31.2015 | Money
David A. Dedman

I have so many things that stress me out these days. Hey, I've watched the stock market every day for the last 22 years, and that's enough! The last thing I want is not having a repeatable, streamlined tax-prep procedure. Get organized and you won't freak out over your taxes.

The Year Ahead: 5 Trends That Could Impact Your Finances

Betterment.com | Posted 03.14.2015 | Money
Betterment.com

While tax-efficient investing and maxing out tax-advantaged retirement accounts should always be top financial priorities, the start of every new year means there are new financial rules and trends to consider. Here are my insights on what's coming down the road.

Your 2015 Tax Season Calendar

Betterment.com | Posted 02.17.2015 | Money
Betterment.com

First, there is denial. Then relief, and then possibly a nice refund after it's all said and done. We're talking about tax season, and it has arrived. It's also a good time to take care of other financial business, like maxing out an IRA or rolling over an old 401(k).

5 Tax Law Changes in 2015 You Need to Know

Betterment.com | Posted 02.17.2015 | Money
Betterment.com

While many savers will be eligible to contribute more next year based on higher income and contribution limits, new restrictions on IRA and Flexible Spending Account (FSA) rollovers require planning ahead.

Year-End Tax Planning Ideas For Big Savings

Bill Ringham | Posted 02.08.2015 | Money
Bill Ringham

With less than a month left in the year, you can easily get a rough idea of how much you will owe in taxes for the 2014 tax year. If your anticipated tax bill is giving you sticker shock, there are a number of investment moves you can take between now and the end of the year to help reduce your tax liability for the 2014 tax year.

6 Tax Tips Midlifers May Not Know About -- But Should

The Huffington Post | Ann Brenoff | Posted 12.03.2014 | Fifty

The tax code is filled with lots of little gems for baby boomers, says Brian Ashcraft, director of Liberty Tax Service, headquartered in Virginia Beac...

Advanced Tax Strategy to Avoid State Income Taxes

Robert Pagliarini | Posted 12.24.2014 | Business
Robert Pagliarini

If you expect a windfall from a one-time gain or an investment account that you anticipate to produce significant income over the coming years, a personal tax inversion might make sense.

15 Year-End Tax Moves to Lower Your Tax Bill

Betterment.com | Posted 12.22.2014 | Money
Betterment.com

Year-end planning is about finding the right year in which to earn additional income or to spend money on more tax deductions. Now is the right time to think about this year and next.

How Should You Invest Your Tax Refund?

WiserAdvisor.com | Posted 07.20.2014 | Money
WiserAdvisor.com

Hooray, you've received a tax refund! Another "hooray!" because you're financially savvy. You've decided to invest this money. Putting your dollars to work for you is always a smart decision, so congratulations on making this choice. But now, what should you do?

Procrastinating on Tax Filing? This List Might Inspire You

Reboot Illinois | Posted 06.14.2014 | Chicago
Reboot Illinois

There are only a few days left before your federal and Illinois state tax returns are due. They must be e-filed or postmarked before midnight Tuesday,...