The TurboTax Blog • Income and Investments

Bonus Time: How Bonuses Are Taxed and Treated by the IRS

November 9, 2017 July 8, 2019 / asbbaines

Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed.

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401K, IRA, Stocks

Five Tips to Help You Figure Out How Much to Save for Retirement

October 16, 2017 / Elle Martinez

As we get more comfortable with our finances we’re looking for ways to improve our system and that includes our retirement plans. Here are five tips to help you estimate how much you need to save for retirement.

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Income and Investments

3 Tax Reasons for Why You Should Think Twice Before Betting on the Big Game

September 16, 2017 / Jim Wang

Are you ready for some football? If so, maybe you’ve been thinking about putting a little money on the game, and if you are, it’s important to know that there may be tax implications. Like other sources of income, gambling...

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Business Income, Income and Investments

What is a Qualified Joint Venture?

September 8, 2017 / Ginita Wall, CPA, CFP®

QJV may sound like a shopping network, but it’s actually a handy tax provision that allows mom-and-pop businesses to simplify their tax filing. If you are in business with your significant other or know someone who is, listen up! QJV...

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Income and Investments

How Social Security Income is Taxed

August 14, 2017 July 24, 2019 / Elle Martinez

Not everyone has to pay taxes on their Social Security benefits. To see if your Social Security will be taxed, you have to look at your *combined income and your marital status. Find out more here.

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Income and Investments

What Is Supplemental Income and How Is It Taxed?

July 24, 2017 July 8, 2019 / Ginita Wall, CPA, CFP®

Are you in line for a bonus at work? Lucky you! But don’t count on the entire bonus amount appearing in your paycheck. We all know that federal taxes will be taken out for part of your bonus, and your...

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Income and Investments

5 Ways to Navigate Amusement Parks Without Breaking the Bank

July 16, 2017 / Elle Martinez

When we lived in Virginia, one of our favorite spots for a quick getaway was Busch Gardens. We’re not alone: 4.1 million people visited the park in 2016. In fact, U.S. amusement parks see 375 million visits each year. Like many other...

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Income and Investments

7 Ways to Save When Your Family Goes to the State Fair

July 10, 2017 July 12, 2019 / Elle Martinez

With summer in full bloom, many states are ramping up their annual fairs. These family friendly events can be a wonderful way to enjoy the local culture, try out new rides, and of course, eat a ton of food. Before...

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Income and Investments

3 Easy DIY Tips for Your Fourth of July Barbeque

July 3, 2017 / Elle Martinez

One of my favorite things about summer is how easy it is to get your friends and family together for an outdoor evening of grilling. To help you have the best Fourth of July barbeque ever, I’ve tackled some of the most pressing questions people have on grilling, decorating, and invitations.

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Income and Investments

Tax Tips for Those Renting Their Home on Airbnb

June 23, 2017 July 18, 2019 / TurboTaxBlogTeam

As Airbnb’s popularity continues to rise, more and more people renting out their homes and learning about the tax implications that come with it. When you offer your home, or a room in your home, as a short-term rental, you may be...

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The Tax Deadline is July 15th. Find out more information here.

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