The TurboTax Blog

What Should I Do if I Missed the Extended Tax Deadline?

October 22, 2019 October 23, 2019 / TurboTaxLisa

The extended tax deadline was October 15th and while many scrambled to make the tax deadline, some of you may have missed it and are wondering what to do. Don’t worry! If you missed the extended tax deadline, here are answers to 5 of your burning questions to help you figure out what to do next.

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Tax Planning

FAFSA 101: Your Guide to Financial Aid

October 21, 2019 November 15, 2019 / Jim Wang

Higher education has become more and more expensive each year. Fortunately, financial aid has also increased and the best way to apply for it is to fill out the Free Application for Federal Student Aid (or FAFSA) form. Completing the...

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Self-Employed

4 Ways to Save for Retirement When You Work in the Gig Economy

October 17, 2019 October 23, 2019 / Jim Wang

If you work in the gig economy and you want to save for retirement – and reduce your income taxes at the same time – you need to start saving for retirement. Not only will it enable you to direct...

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Announcements

The Entrepreneurship Lessons We Learned from Our Hispanic Heritage Month #LatinxCulturepreneurs

October 16, 2019 / TurboTaxBlogTeam

Over the last few weeks, we’ve celebrated Hispanic Heritage Month by spotlighting four Latinx entrepreneurs who have built businesses rooted in Hispanic culture and traditions. The #LatinxCulturepreneur series was designed to provide a greater understanding and appreciation for Hispanic culture...

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Tax News

IRS Provides Further Guidance on the Taxation of Virtual Currency

October 15, 2019 October 23, 2019 / TurboTaxLisa

On October 9, 2019, the IRS released further guidance, on how virtual currency should be taxed. The last guidance, issued in 2014, explained that virtual currency is treated as property for Federal income tax purposes and applied tax principles applicable...

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Income and Investments

How to Set Realistic Financial Goals

October 14, 2019 October 23, 2019 / Jim Wang

Did you know that one of the main reasons why New Year’s Resolutions fail so often is because of unrealistic goals? If you want to lose weight, experts recommend aiming to lose 1-2 pounds a week, but when most people...

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Announcements

Celebrating Hispanic Heritage Month: Meet Stephanie Jaramillo

October 9, 2019 / TurboTaxBlogTeam

In honor of Hispanic Heritage Month, we’re spotlighting Latinx entrepreneurs who have built businesses rooted in Hispanic culture and traditions. In a series of articles and videos, we’ll learn more about the journeys of four #LatinXCulturepreneurs from September 15 –...

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Tax Deductions and Credits

Breast Cancer Awareness Month: Donations and Tax Deductions

October 3, 2019 / Elle Martinez

October is Breast Cancer Awareness month. Breast cancer is the most common cancer among women in America, so getting involved in the effort to fight breast cancer can have a tremendous impact. You can help the community by teaching others...

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Announcements

Celebrating Hispanic Heritage Month: Meet Luis Aguilar

October 2, 2019 / TurboTaxBlogTeam

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Tax Planning

Financial Planning Month: Tax Edition

October 1, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020) and 2018 taxes, which should be filed by the April 15th, 2019 (or October 15th, 2019 with...

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