8 Mistakes You Don’t Want to Make This Tax Season

Tax season is here. In fact, we’re already halfway to the deadline!
If you haven’t filed your tax return yet, don’t fret. TaxAct is ready to make your tax preparation process as simple as possible. In fact, by using tax software, you&…

Avoid Charitable Scams After Natural Disasters

Hurricanes, earthquakes, mudslides, tornadoes, floods, forest fires, and other natural disasters wreak havoc on a large scale. Homes and possessions might be damaged or lost. It’s a tragedy when people are injured or killed.
At such times, genero…

Pro Tips for Separating Business and Personal Finances

One of the most stressful parts about being a business owner is figuring out how to financially separate your real life and your professional life. As a full-time writer and speaker, I initially struggled to figure out how to draw down a salary and rei…

How Tax Reform Changed Deducting Unreimbursed Job Expenses

If you typically deduct unreimbursed job expenses as an employee, get prepared for a change this tax season. All unreimbursed job expenses for traditional employees are no longer tax deductible. Here’s a breakdown of how that tax reform chan…

Tax Reform: What Happened to My Mortgage Interest Deduction?

In December of 2017, we witnessed the most significant changes to the tax code in a generation get signed into law. If you’re confused about how the changes will affect you, you’re not alone.

Fortunately for most …

A Short Self-Employed Guide to Deducting Travel Expenses

If you have to travel as part of being self-employed, you know traveling costs can add up fast. Fortunately, there are a few tax breaks available to offset those expenses.

Follow this quick guide to learn how to lower your ta…

Changes to the State and Local Tax Deduction Under Tax Reform

You’ve probably heard about the adjustments to the state and local tax deduction. The 2017 tax reform made sweeping changes to how much you can deduct.

To better understand the changes that went into effect for 2018, he…

Are You a Freelancer? Get a Handle on Your Taxes

Freelancing brings a lot of great benefits to the table. You get to control your own schedule. You can charge what you want for your services. You can work from practically anywhere. Yet, being a freelancer also comes with its own set of challenges. On…