Tax season is officially here and we’ve rounded up our most popular (and useful) tax articles to help you file and get your full refund. Whether you have questions about your children’s taxes, your tax documents or home-related tax issues, we’ve got answers.
Here are our top 10 tax articles to simplify this year’s tax season.
Do you know what to do if your 1099 or W-2 has a mistake and the employer who issued it won’t help? You still need to file before the deadline, but there are special steps for you to take if your 1099 or W-2 is wrong.
Wondering if your children will need to pay taxes this year? In the tax world, age isn’t as much of a factor as income. If your children make more than a certain amount, they’ll need to pay taxes.
Teens often file taxes for the first time thanks to a part-time job, but the IRS also looks at their savings. If grandparents or others gift money to your teen, it could be considered investment income and be taxed accordingly.
Tax season is stressful enough when you’re prepared, but what are you supposed to do if you’re missing a W-2? You have several options – even if your former employer is no longer in business – but you need to act fast to track down your W-2s before filing.
Paying property taxes alone doesn’t necessarily give you any claim to ownership of a home, especially if someone else is currently living in it. And if the owner dies while you are paying all of the expenses? Well, it depends on what the will says.
Calculating the taxes owed on a home sale are relatively simple, but what if the home isn’t your primary residence? It depends on how you used this property and whether you’re taking any amount in depreciation. Most importantly, did you make a profit on the sale and, if so, how much?
The IRS allows you to deduct sales tax based on your income level, family size and state of residence, and some people save their receipts all year and calculate exactly what they spent on sales tax. Is it worth it? It can be, if you do some research first.
Your adjusted gross income is one of the most important numbers in your tax return because it’s used to determine limits on deductions, credits and other tax benefits. So how do you lower it? There are several ways to reduce your adjusted gross income to optimize your tax return.
Your end-of-the-year bonus is a nice windfall to receive, but you might be worried about owing more in taxes because of it. Here are some of the most common questions people have about the taxes on their bonus and what you should do when you receive yours.
If you received money from a class action settlement, you’re probably wondering if those funds are taxable. They can be taxable in some situations, but not in others. It all depends on the lawsuit.