Income Taxes | The TurboTax Blog

Tax Planning

What is a Tax Bracket?

August 15, 2018 July 11, 2019 / Jim Wang

Did you know not everyone or every dollar earned is taxed the exact same amount? This is because the United States tax system aims to be progressive. A progressive tax system tries to collect more tax from those who earn...

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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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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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Tax Planning

Did You Owe Taxes in Two States This Season? We Explain Why

June 26, 2017 July 12, 2019 / Jim Wang

For the longest time, I thought I only had to pay taxes based on where I lived. If I spent the whole year in Maryland, I’d only owe Maryland taxes, right? Wrong. If you thought the same thing, you aren’t...

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Income and Investments

Freeze Your Tights … and Other Surprising Ways to Save [Infographic]

February 8, 2017 July 12, 2019 / TurboTaxAngie

Most of us know that only purchasing things we need instead of things we want can go a long way in meeting our budget goals. But did you know there are a number of unexpected ways to save money that...

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Income and Investments

What Your Tax Bracket Says About You [Infographic]

October 6, 2015 July 11, 2019 / TurboTaxAngie

What tax bracket you are in says a lot about your life. But no matter which category you fall into, it is important to know where you stand for the upcoming tax season. This infographic will give you an overview of...

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Tax Deductions and Credits

Is This Tax Deductible? Bizarre Tax Laws

March 12, 2015 July 12, 2019 / TurboTaxLisa

Tax season is in full swing and taxpayers are trying to figure out how they can maximize their tax refund with tax deductions. You want to take legitimate tax deductions and you already may know about your common tax deductions...

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Tax News

Happy Trivia Day! 5 Bizarre Tax Facts You Probably Don’t Know About

January 4, 2015 August 23, 2019 / TurboTaxBlogTeam

You may know about deductions for education, work expenses and children. But there are a whole slew of little-known tax facts that will probably surprise you! In honor of Trivia Day, we’re sharing 5 of our favorite little-known tax facts....

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Tax Planning

What Tax Forms Do I Need To File My Taxes?

February 21, 2014 March 24, 2014

The first step to starting any tax return is to gather all the right tax documents to ensure you have all your information ready when you sit down to do your taxes. With this TurboTax Tax Forms calculator, just answer some...

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Tax Planning

Weird Taxes That People Pay

April 29, 2013 July 12, 2019 / Elle Martinez

With tax season behind us, I thought it would be nice to step away from the usual tax tip post and share something different. While some taxes can be confusing when figuring out whether or not someone is expected to pay, there are a few special ones on the state and local level that are a bit baffling for some taxpayers (and a bit fun for those who don’t have to pay them).

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