Personal Taxes

Learn how to save, find some little-known deductions, get the latest in tax breaks, and more in our Personal Taxes articles section.

Need more time to file your taxes? File an extension
It seems one minute you are receiving your W-2 in the mail, the next minute, April 15 has passed. Just because you are getting an extension to file, it doesn't give you an extension for paying the IRS.
February 20, 2024 · 3 min read
The 2020 tax extension: What everyone needs to know
The deadline for filing federal income taxes and most state income taxes has changed to May 17 this year, though some taxpayers were still on the hook to submit by April 15.
February 20, 2024 · 4 min read
Does your kid owe taxes?
How early should kids learn about paying taxes? Chances are, it's sooner than you think. Even if your child is a dependent (under the age of 19 or a full-time student under the age of 24, receiving more than half of his or her support from a parent), he or she any be required to file a tax return.
February 16, 2024 · 1 min read
Is your tax professional certified?
There's a difference between an accountant (someone who prepares your taxes) and a certified public accountant or CPA (someone who has received the training required by your state's licensing board).
February 13, 2024 · 1 min read
Sole proprietors: Are you at risk for a tax audit?
What many small business owners do not know is that filing as a sole proprietorship could put you at risk for being audited.
February 13, 2024 · 3 min read
How to avoid a tax audit
Here are some steps you can take to reduce your chances of being chosen for a tax audit.
February 12, 2024 · 7 min read
How to avoid a tax audit
Thinking about writing off that 'business expense'? You may want to think again. Learn which tax breaks to use, and which ones to use with caution.
February 2, 2024 · 2 min read
What are federal tax brackets?
Different levels of income are taxed by the U.S. government at different rates. The IRS uses federal tax brackets to determine the rate to be paid on each level of taxable income.
January 16, 2024 · 1 min read
Why and how to file back taxes
The IRS is typically willing to work with taxpayers who make an effort to get caught up on their tax filing obligations. Filing back taxes can help you avoid drastic IRS collection efforts.
December 11, 2023 · 4 min read
What are estimated quarterly tax payments?
Quarterly estimated tax payments are one way the IRS makes sure you pay-as-you-go. Here's an easy guide to help you get it right.
December 6, 2023 · 3 min read