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.

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
Is my hobby income taxable?
Many people earn a little income from activities that are more hobby than business, but you might not realize that income is taxable in the eyes of the IRS.
December 6, 2023 · 3 min read
What are the penalties for not filing taxes?
Has April 15th come and gone and you have avoided filing your taxes? Maybe you don't have the information to complete your return, or you don't have enough money to pay your tax and are afraid to file your return. Whatever the case may be, not filing your taxes has very serious consequences.
November 29, 2023 · 6 min read
Advantages of using online tax services
Online tax services can save you time and money.
November 27, 2023 · 3 min read
What is a tax levy?
If you receive a tax bill from the IRS but do not pay your taxes or make any arrangements to settle your tax liability, you could face the risk of a levy. The IRS can seize your assets to pay the taxes you owe.
November 15, 2023 · 5 min read
Self-employment tax: What to know and how to calculate it
Self-employment taxes require quarterly payments calculated at a higher rate than employees who have their payments deducted from each of their paychecks.
November 15, 2023 · 2 min read
How to claim the home-office deduction
Working from home offers many attractive perks in terms of flexibility and convenience. Make sure that you also maximize your home office from a tax perspective by claiming your home office deduction.
November 14, 2023 · 4 min read
5 ways to avoid a tax audit
The IRS is looking for red flags when deciding who to audit. Know how to avoid waving them, and you'll be likely to duck unwanted attention from tax authorities.
October 16, 2023 · 3 min read
What you should know about capital gains tax
Selling stock or other property? You might have capital gains, which often enjoy lower tax rates than ordinary income.
April 14, 2023 · 3 min read