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Taxes 101

Don’t Let Filing Multiple W-2s Scare You

March 4, 2020 / TurboTaxBlogTeam

According to the United States Census Bureau, 13 million Americans had more than one job in 2019 and the number is only projected to increase as more Americans need supplemental income, desire to increase their skill set, or there is...

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Taxes 101

Can I File Exempt & Still Get a Tax Refund?

February 7, 2020 / TurboTaxBlogTeam

The IRS issues tax refunds when you pay more tax during the year than you actually owe. When you file exempt with your employer for federal tax withholding, you do not make any tax payments during the year. Without paying tax, you do not qualify for a tax refund unless you qualify to claim a refundable tax credit.

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Taxes 101

First Time Taxpayers: Your Go-to Guide For Filing Your Taxes

January 31, 2020 February 3, 2020 / TurboTaxBlogTeam

Picture this: you have an awesome job and are making your very own money (maybe for the first time) and all is well…and then BAM! January comes, your employer sends you a W-2 form and suddenly you are thrust into...

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Taxes 101

What is the Capital Gains Tax?

January 23, 2018 August 12, 2018 / asbbaines

The IRS deems all taxable income as one of two types: ordinary and capital gain. Here is an overview the difference between ordinary and capital gains, and a basic introduction to capital gains.

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Taxes 101

Income Tax Filing Requirements

March 9, 2017 March 9, 2020 / Elle Martinez

Do I have to file a tax return? Knowing the filing limits is the best place to start if you are not sure about filing a tax return. Compiled here are the basic guidelines to aid in the decision making...

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Taxes 101

What is a 1099 Form?

February 18, 2017 July 8, 2019 / Elle Martinez

Although you don’t need to know much about tax forms with TurboTax on your side, it’s always best to organize your forms that when you sit down to do your taxes. Many people are familiar with W-2s, but they may not be aware that other financial documents...

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Deductions and Credits, Education, Family, Home, Tax Deductions and Credits, Tax Planning, Tax Tips, Taxes 101

What Does Your Hairstyle Say About Your Life? [Infographic]

June 29, 2015 June 10, 2019 / TurboTaxAngie

Whether you’re channeling your inner rocker, bride, or Wall Street professional, the way your hair looks can say a lot about your stage of life. Regardless of your style du jour, your finances — just like your hairstyle — need...

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Taxes 101

Tax Audits Explained (Not As Scary As You Think)

June 13, 2011 July 11, 2019

In movies, tax audits are always scary. Big, burly, intimidating men in dark suits and glasses. Over-sized clipboards. The sound of pens furiously scratching paper. Handcuffs. You know the deal. But are tax audit visits really that frightening in real life? Not so. In fact, only 1% of all taxpayers even experience an audit. Of those, about 20% ever result in a face-to-face encounter with the IRS. Most inquires, fortunately, are resolved through correspondence. Take a look below at our guide to tax audits.

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Taxes 101

Strange Old Taxes That Aren't Around Anymore

April 13, 2011 July 12, 2019

Tax complaints are never higher than during the month of April. But while there are many valid reasons to dislike owing Uncle Sam cash, it truly could be worse. There are options if you owe on your Federal taxes.

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Taxes 101

What are IRS Tax Forms?

April 13, 2011 / Elle Martinez

It’s crunch time for your taxes if you haven’t filed already. While you still have until April 18th to get it done, you’ll want to take care of it sooner than later. What do you need to be prepared for your taxes this year? What forms are some big ones to look out for? I’ll share the typical tax forms that you can expect to see this year.

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The IRS filing deadline has been extended to July 15, 2020, for all taxpayers. See more tax updates related to COVID-19 here.

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