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Taxes 101

If I Moved, How Do I File Taxes in Multiple States

June 24, 2020 June 29, 2020 / Ginita Wall, CPA, CFP®

If you moved last year, you had to get settled in your new community and make it feel like home for yourself and your family. If you moved from one state to another, you had even more to do, as...

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Income and Investments

How to Use Market Losses to Reduce Your Taxes

May 20, 2020 June 4, 2020 / Jim Wang

Every so often, the stock market goes through periods of volatility. When Coronavirus first appeared, it hit the market very hard. Within days, the market had entered into a correction and then into a bear market. But almost just as...

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Tax Refunds

5 Ways to Turn Your Tax Refund Into More Money

May 19, 2020 June 3, 2020 / Elle Martinez

With about 72% of taxpayers receiving a tax refund and with refunds being on average $3,000, refund checks can have a significant impact on many Americans’ finances, especially this year. If you’re looking for ways to maximize your refund, you’ve...

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Family

4 Tax Benefits If You’re Taking Care of Children and Elders

May 18, 2020 / Jim Wang

Being an in-home caregiver can be an emotionally difficult job as well as an expensive one. Being responsible for someone else’s well being can be stressful, and it is often not inexpensive. Fortunately, the IRS has some tax benefits available...

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Self-Employed

5 Tax Implications and Tips if You Flip Things for Profit

May 13, 2020 May 15, 2020 / Ginita Wall, CPA, CFP®

“Flip houses and make big bucks” scream the headlines. The premise is simple – buy real estate with little down, fix it up, and sell it quickly. What could be easier? Well, easy or not, one thing the promoters rarely...

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Tax News

4 Key Things You Need to Know About the New 2020 IRS Form W-4 for Employee Withholding

May 6, 2020 / TurboTaxBlogTeam

You may or may not have heard that the IRS launched a newly redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with the tax year 2020 (the taxes you file in 2021). The IRS created...

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Tax Tips

The Tax Implications of Having a Nanny or Housekeeper

May 1, 2020 June 4, 2020 / Elle Martinez

For many couples, juggling time with the family along with work obligations means something has got to give. A solution that some families have found to be a wonderful arrangement is hiring a nanny or housekeeper. Having a capable professional...

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Tax Planning

TurboTax Answers Most Commonly Asked Tax Questions

April 27, 2020 / TurboTaxBlogTeam

Although the federal tax deadline was recently extended from April 15 to July 15, 2020, about 75% of taxpayers have already filed their federal taxes according to IRS statistics for the period ended April 17. As taxpayers continue to file...

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Tax Planning

2019 Health Savings Account (HSA) Contribution Deadline and Your Taxes: What You Need to Know

April 20, 2020 / TurboTaxBlogTeam

Do you have questions about how Coronavirus Relief impacts your Health Savings Account? We have answers for you! With this year’s changes to tax deadlines due to the Coronavirus relief bill (CARES Act), you have time to consider how to...

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Tax News

Stimulus Check Phishing Scams: TurboTax Tips to Prevent Identity Theft

April 9, 2020 / TurboTaxBlogTeam

With each refund season often comes phishing season. This year, with 80% of Americans expected to receive stimulus checks as part of the Coronavirus Aid, Relief and Economic Security Act (CARES) Act — a $2 trillion stimulus package that provides...

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

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