Key Takeaways The forms you need in order to prepare your tax returns should start arriving around February Your income level and level of complexity will determine whether you file Form 1040, 1040A, or 1040EZ You’ll also attach certain schedules if you have itemized deductions, capital gains or losses, or are self-employed Let’s face it: […]

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Hey you, titan of the home office. Are you trading so often these days you’ll spend minutes readjusting your monitor or your chair a millimeter at a time to get it just right? If you’re detailed when it comes to seats and screens, you should care equally about tax details. Only serious traders need apply. But for […]

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You’ve finally taken the leap into the world of full-time trading, and like all good traders, you want to take advantage of any edge that might help increase your profitability. So, let’s talk about taxes. Uncle Sam needs his slice, but your strategy can help determine the size of his piece. That’s right: there are […]

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Going to the doctor just got a little cheaper. Well, sort of. Eligible folks covered by a high-deductible health insurance plan (HDHP) can score tax deductions three ways with a health savings account. Plus, family limit contributions for 2016 have edged up, allowing taxpayers to sock away even more cash to save and pay for […]

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April 15 (or April 18 in 2017) is also known as “tax day,” and it’s a date many try to ignore until it becomes unavoidable. But early preparation can be important, especially if you’re new to the process of filing returns. “Younger people go through a lot of life changes, and there’s a lot they can […]

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If you’ve been filing taxes for several years now, you know the routine. Gather W-2s, 1099s, and other income documents for the revenue agents. And if you’ve been working for a few years, chances are you have a few opportunities now to cut the tax bill. Lisa Greene-Lewis, a certified public accountant and the TurboTax […]

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If you’re a trader you take calculated and managed risks in an attempt to make money … or at least outperform your chosen benchmark. You might even do it for a living. Well, the IRS has special tax rules—rules that you not only need to be aware of, but that might even benefit you financially […]

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The holidays are a time for giving, a time to reflect on the year’s bounty. And also a time to clean out the house.  Giving. Decluttering. Sharing the bounty. This can mean one thing: charitable donations. Support your favorite causes and possibly reduce your tax burden. The Giving Season Scott Humphrey, president and chief executive […]

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(Editor’s note: Information in this article was accurate at the time of publication on 11/13/2017 and may not reflect updates from the new tax bill.) Of course you’ve heard the one about death and taxes. But what about birth and taxes? Having kids means spending lots of money, but they can also save you a […]

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Do you know what tax brackets are, and what tax rates make up the federal tax brackets? If you’re unsure, you’re not alone. After all, tax accounting is one of those rare topics that, at least for most non-accountant types, can be highly stressful and exceptionally boring at the same time. And because tax time […]

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