What Is the Highest Long-Term Capital Gains Rate?
Learn how long-term capital gains tax rates vary based on income, filing status, and asset type, plus additional surtaxes that may apply.
Accounting Concepts and Practices
Which Tax Return Box 14 Category Should You Choose?
Understand the purpose of Box 14 on your tax return, how different categories impact reporting, and how to choose the correct classification for accuracy.
Is There a Tax Break for Cancer Patients?
Explore tax deductions and exemptions that may help cancer patients manage medical expenses, including eligibility criteria and documentation requirements.
What Is MO-TC and How to Use This Missouri Tax Credit Form?
Learn how the MO-TC tax credit form works, who qualifies, and how to file it correctly to maximize potential benefits on your Missouri state taxes.
Is TSP Withdrawal Considered Earned Income for Tax Purposes?
Understand how TSP withdrawals are taxed and whether they count as earned income, plus key implications for reporting, withholding, and potential penalties.
Do You Have to Fill Out a New W-4 Every Year?
Learn when you need to update your W-4 and how changes in your financial situation can impact tax withholding throughout the year.
How Are Bond ETFs Taxed? A Breakdown of Federal and State Rules
Understand how bond ETFs are taxed at the federal and state levels, including key rules on interest income, capital gains, and tax-exempt options.
Do You Have to Depreciate Assets? Here’s What to Know
Understand when asset depreciation is required, which assets qualify, and the potential financial impact of not depreciating eligible property.
Do You Have to Pay Local Taxes on Gambling Winnings in PA?
Understand how local taxes apply to gambling winnings in Pennsylvania, including residency factors, municipal rates, and reporting requirements.
Do SEP IRAs Have RMDs? What You Need to Know
Understand the RMD rules for SEP IRAs, including age requirements, calculation methods, distribution process, and potential penalties for missed withdrawals.
Homemaker vs Unemployed: Key Financial and Tax Differences
Understand the financial and tax distinctions between being a homemaker and unemployed, including impacts on benefits, credit, retirement, and insurance.
How to Make Tax-Exempt Purchases at PetSmart
Learn how to navigate PetSmart’s tax-exempt purchase process, including eligibility requirements, required documentation, and common approval challenges.
Do Taxes Have to Be Postmarked by April 15th?
Learn how tax filing deadlines, postmark rules, and e-filing options impact your return, plus what to do if you need more time to submit your taxes.
Taxes on Selling a House in Illinois: What You Need to Know
Understand the taxes involved in selling a house in Illinois, including key exemptions, local variations, and required filings to ensure a smooth transaction.
How Are Business Taxes Calculated? A Detailed Breakdown
Understand how business taxes are calculated, from taxable income to filing methods, and learn key factors that influence your tax obligations.
How Taxable Interest on 1040 Line 2b Is Reported and Calculated
Learn how taxable interest is reported on Form 1040 Line 2b, which types of interest income are included, and factors that may affect the total amount.
Estate Income Tax Return Due Date: Key Deadlines and Filing Tips
Understand key deadlines, filing requirements, and extension options for an estate income tax return to ensure compliance and avoid unnecessary penalties.
Do I Need to File Form 941 If I Have No Payroll?
Learn whether you need to file Form 941 when you have no payroll, how zero wages affect reporting, and the potential consequences of not filing.
How Do I Qualify for the Wells Fargo Employee Discount?
Learn how to qualify for the Wells Fargo employee discount, explore available offers, and understand key enrollment steps and considerations.
How Do I Get My 1040 From Last Year?
Learn how to obtain a copy of last year’s 1040 through online requests, mail, tax professionals, or personal records while considering potential costs.