Tax Planning

Taxes are a necessary part of life, but they don't have to be a burden. Get tips and information to help you reduce the amount of taxes you pay, and optimize the deductions and credits available to you.

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A couple sits at a table, discussing whether they need to file Form 8862 with a tax preparer
What Is IRS Form 8862?
A woman tries to file her taxes while her boyfriend relaxes on the couch behind her
What Is Form 1099-G?
An older man sits at a table, frowning as he looks at a pile of tax paperwork spread out in front of him
What Are Back Taxes?
A young woman and her grey-haired mother hug and laugh while sitting on a porch
What Is a Premium Tax Credit?
Young couple looking at bills and paystubs while sitting on a white couch.
What Is the FICA Tax?
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What Is an Employer Identification Number (EIN)?
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What Is a Tax Return?
mom and daughter at the kitchen table
What Is a Dependent?
A couple sit on the floor of their living room using a laptop and binder to figure out how much they owe in direct taxes
What Is a Direct Tax?
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What Is the Difference Between Gross Income and Net Income?
unemployment businesswoman
How Much Is Severance Pay Taxed?
Young couple in empty kitchen of new house
What Is a First-Time Homebuyer Credit?
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Can You Deduct Legal Fees on Your Personal Taxes?
The 9 Community Property States of the U.S.: Washington, Idaho, Nevada, California, Arizona, New Mexico, Texas and Louisiana. Married couples who live in community property states jointly own their marital property, assets, and income.
Marital Taxes in Community Property States
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How To Calculate Mileage Deductions on Your Tax Return
Two people sitting in a glass office discussing paperwork
What Is a C Corporation?
woman working on laptop
What Is Form 1099-DIV?
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How Much Can You Save in a 403(b) Retirement Plan?
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What Is Form 1099-INT?
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What Is IRS Form 1099-A?
Two female colleagues discussing receipt with digital tablet in store
What Is Exempt Income?
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What Is a Tax Shield?
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What Is Tax Evasion?
restaurant employee looks over paperwork to calculate tips
Are Tips Taxable? Here’s What You Need To Know
Woman managing finances at home
What Is a Tax-Free Savings Account?
A young man walks across a gym on a new prosthetic leg with the help of a physical therapist
Is Short-Term Disability Taxable?
A woman sits at a home table calculating taxes with a piles of paper and a laptop
An Easy Way to Calculate Your Estimated Taxes and Possible Penalties
Woman checking bills
What Is a Tax Base?
Woman Having Coffee Break in a Sidewalk Cafeteria
What Is IRS Form W-8?
will i pay tax on my home sale?
Will I Pay Tax on My Home Sale?
A woman tries to calculate her taxes
What Is Provisional Income?
Woman sitting at kitchen counter looking at bills
What Are Passive Activity Loss Rules?
Man works on taxes at home
What Is Tax Form 6251?
Man in a hospital bed looking at a doctor who's taking notes
The Tax Benefits of Health Savings Accounts (HSAs)
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Can You Avoid Paying Taxes on Savings Bond Interest?
Successful African businessman working on computer in his office. Reusable coffee cup is near on the table.
Depreciation Recapture on Rental Real Estate
A young woman putting money into jar on her desk labeled 401K.
Taxes on Pensions and Annuities Income
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Tax Considerations for Ordained and Licensed Clergy Members
A father adjusts his child's tie
What Is Income Shifting?
Young woman counting cash at a home table
How Receiving and Selling Gifts Interacts With Your Taxes
A couple review their tax forms while sitting in their kitchen drinking coffee and looking at a laptop and papers
Here’s the Difference Between Forms 1040 and 1099
Woman getting money from an ATM
Why Getting a Tax Refund Anticipation Loan Is an Awful Idea
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Will Working a Second Job Affect My Taxes?
Female shop owner talking on cell phone working at laptop at plant shop counter
Year-End Tax-Planning Tips When You Work for Yourself
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What Are High Earners, Not Rich Yet (HENRYs)?
person sitting at kitchen table calculating income on a computer
What Income Is Taxable? What Isn't?
Woman checking her retirement account balance
Should You Take Money From Your Retirement Plan?
person on phone in front of computer at brown table that has flowers on it in marble vase
CPAs vs. Licensed Tax Preparers: Which Should You Choose?
Couple in yard looking at house
What Is an Ad Valorem Tax?
Woman shaking hands with colleagues
Tax Implications of Being an Independent Consultant
Smiling bride and groom at outdoor wedding ceremony
What Is the Marriage Penalty?
Tensed Couple Sitting On Sofa At Home
Tips for a Tax-Efficient Divorce, Plus a List of What to Do First
Couple working together on a laptop at home.
How to Minimize Taxes When You Have a High Net Worth
Senior African American couple paying bills
Withholding Requirements for Retirement Plan Distributions
Son helping senior father paying bills at laptop in kitchen
Saving for retirement in a tax-advantaged account makes good sense
Businesswoman and older couple consult laptop and paperwork at home
What Is the Three-Year Rule for Estate Taxes?
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H&R Block Review
Business woman thinking account
TaxAct Review
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FreeTaxUSA Free File Edition
Image shows a man sitting at a desk going through a W-2, a 1099, and a 1040
Best Tax Software Programs for 2021
 
 
 
 

Tax Planning:

Tax Tools & Technology