Income and Investments | The TurboTax Blog

What Does an IPO Mean for Employee Taxes?

March 29, 2019 April 1, 2019 / TurboTaxBlogTeam

As you’ve probably seen, there’s a wave of tech companies with hotly anticipated Initial Public Offering (IPO) announcements expected this year which could have the effect of creating thousands of millionaires overnight and countless more who’ll see their financial situation...

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Income and Investments

How Much Your March Madness Bracket Will Cost You at Tax Time

March 15, 2019 March 18, 2019 / Jim Wang

Last year, ESPN estimated that March Madness bets would total to the whopping amount of about $10 billion. That’s real money, and real money comes with real tax implications. How much your March Madness bracket will cost you at tax...

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Income and Investments

Here’s How Gambling on College and Professional Sports Affects Your Taxes

January 23, 2019 / Jim Wang

Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...

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Income and Investments

Live Your Best Life With These 5 Financial New Year’s Resolutions

January 1, 2019 January 28, 2019 / Elle Martinez

Many people are making resolutions for what they want to accomplish for the upcoming year. Part of the resolution making process involves the excitement of new beginnings and the desire to tackle some big dreams…but what’s the other part? Some people...

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Income and Investments

The Federal Interest Rate is Up, How Will This Impact Me?

December 20, 2018 January 9, 2019 / Jim Wang

About every six weeks, the presidents of each Federal Reserve Bank meet to discuss the economy and any policy changes. Known as the Federal Open Market Committee, these presidents will often decide whether or not to increase, decrease, or maintain...

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Income and Investments

How to Protect Your Credit During the Holiday Season

December 19, 2018 January 10, 2019 / Elle Martinez

What are your plans this holiday season? Doing any last-minute shopping or heading out of town? Last year, it was estimated that about 100 million Americans traveled during the holiday season! And while it’s wonderful to visit friends and family, it’s...

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Income and Investments

How to Tackle Holiday Debt Before It Begins

November 27, 2018 January 9, 2019 / Ginita Wall, CPA, CFP®

As the air turns crisp and the leaves change color, you realize that the holidays are right around the corner. If you’re planning to celebrate this year, here are some ways to have a great time this holiday season without...

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Income and Investments

Are Black Friday and Cyber Monday Deals Really Worth it?

November 23, 2018 January 9, 2019 / Jim Wang

With Thanksgiving approaching this week, you might be thinking about a strategy for your Black Friday and Cyber Monday shopping and ending up with a few questions. Are the deals really worth it? How can I make sure I’m getting the...

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401K, IRA, Stocks

I Started Investing This Year, What Do I Need to Know Come Tax Time?

November 19, 2018 January 9, 2019 / Jim Wang

When I first started investing in the stock market, I wasn’t quite sure what I was doing. I wasn’t sure if my purchases would lose value the moment I bought them or if they would grow into exponential figures. I was also...

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Income and Investments

Sports Gambling and How Your Winnings are Taxed

October 29, 2018 January 5, 2019 / Ginita Wall, CPA, CFP®

Sports gambling has become a popular year-long hobby. Are you feeling lucky? If so, you may be headed to the racetrack, casino or sports bar to make your bet, hoping to win big. However, you might be surprised to learn...

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