Cedar Rapids, Iowa — Feb. 18, 2020 — TaxAct is giving customers free access to a proprietary tax-analyzer that suggests how to get bigger refunds while adding to their retirement savings. The software tool, called My Tax Plan, is free to all online Ta…
How To Use the Withholding Calculator
Step 1: Enter the dollar amount of your most recent tax refund. If you owed money when you filed your taxes, enter a negative value.
Step 2: Select your preferred tax outcome.
Step 3: If you selected that you want …
No doubt about it, winning the lottery dramatically changes a person’s life. A financial windfall of that magnitude quickly grants you a level of financial freedom you probably have trouble imagining.
But becoming a Meg…
You’ve heard the term capital gains tax (CGT). But what is that exactly?
Is that something you pay?
If so, when?
Whenever you sell something – a house, car, company stock, or even gold or silver coins – you typically either make or lo…
The Earned Income Tax Credit is a refundable tax credit designed in part to reduce the tax burden on low income individuals and families both with and without children. In 2017, the maximum credit was $6,318 ($6,431 in 2018).Earned Income Tax Cre…
If you sell stocks, Bitcoin or a large asset, such as a car or boat, for a profit, you may be on the hook to pay capital gains taxes on that income. Capital gains are broken into two categories based on the timing of their sale date. Short-term c…
If you are a U.S. resident that invested in Bitcoin or other cryptocurrencies in 2017, you may have recently received a tax document from the trading platform or cryptocurrency exchange you use and may need to pay taxes. While there is currently very l…
