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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Are you still filing your taxes the old-fashioned way, with a paper return? Want to file your taxes electronically, but aren’t sure how? Software programs and online services can help with tax preparation and tax filing if you choose to do them on your own.  There are plenty of potential benefits to e-filing your taxes. When you’re […]

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Is it possible to file taxes for free? Yes, it is. This is not a dream. There are indeed some situations where it makes sense to do your taxes yourself and file those taxes at no cost. Of course, no two tax returns are the same, and there are times when paying someone to handle […]

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For many, tax season may all boil down to one thing: How big will my tax refund be? As of the last day in 2017, the Internal Revenue Service had processed 151.9 million individual income tax returns for the 2016 year and issued 111.9 million refunds totaling $323.9 billion. The average refund was $2,895, up […]

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