Tag: taxes

Tax Questions, Answered: The Tax Implications of Selling Your Home

Ed note: Congratulations, you just sold your home! That profit burning a hole in your pocket may be free-and-clear from taxes, but – yes, there’s a but – not always. The Tax Institute looks at some of the exceptions you need to know about. Question: I’ve been waiting years to sell my home. Now that […]

Tax Questions, Answered: Your Kid’s Education

In our latest installation of this question-and-answer series with The Tax Institute, we look at some of common tax questions that come up around saving and paying for your child’s education. Q: Should the earnings on my child’s 529 account be counted as income as they accrue? What about when I use 529 funds to […]

Federal Student Aid – What are the Tax Consequences?

Ed note: There are a lot of benefits to higher education – increased earning potential, expanded knowledge and even tax perks. However, there are also a few tricky situations to keep in mind when you are financing that education. Leer en español. College is expensive.  Did you know that taxpayers with college expenses might be […]

Checking Out America’s Libraries [INFOGRAPHIC]

When’s the last time you set foot in a library? Maybe it was when you were in college, or maybe you took one of your kiddos for a local story time last week. Regardless, the U.S. has thousands of libraries that are providing ever more varied services. In anticipation of International Literacy Day, we took […]

Taking (and Baking) Sales Taxes

Ed note: One of my favorite quick-dinner fixes is to pick up one of those prepared pizzas that you bake at home. Somehow I trick myself into believing it’s healthier. Another added bonus of the purchase might be that – in some places – it also escapes sales tax that comes with delivery or other fast […]

Taxation of the Sharing Economy

Ed note: Anything that seems too good to be true, probably is, right? Well, maybe. Can you make extra money off of an extra bedroom or a seldom-used car? Sure. Will the IRS take some of that profit? Maybe. Here’s the breakdown of what to expect if you participate in the sharing economy. The rise […]

How to Manage Your Budget with Inconsistent Paychecks

Ed note: Working for yourself might sound like the new American dream. Set your own hours. Be your own boss. But it isn’t all sunshine and roses. Our contributor Miel, from DINKS Finance, dives into one of the tougher areas of self-employment. Leer en español. A 9-to-5 job provides stability in the form of a […]

Cómo administrar tu presupuesto cuando no tienes un sueldo fijo

Nota del editor: Trabajar de manera independiente parece ser el nuevo sueño americano. Fijas tus propios horarios, eres tu propio jefe. Pero no es todo un lecho de rosas. Nuestra colaboradora Miel, de DINKS Finance, se sumerge en una de las áreas más difíciles del trabajo por cuenta propia. Un trabajo de 9 a 5 […]

We Understand: H&R Block Bilingual Tax Pros Help Out [VIDEO]

It’s summertime, and we feel like we’re still recovering from tax season! Yet for our tax professionals at H&R Block, informing, educating and explaining the importance of doing your taxes right is a year-round task. And no one takes this more seriously than our bilingual tax professionals. Ana Ruiz Chavez is one of them. An […]

How the NFL’s Newest Star’s Salaries Stack Up

Ed note: The contracts of big-time athletes can be mind-boggling. Our tax expert and resident fanatic Mike Slack breaks it down though, looking at what these sports stars are really making and how much goes to the federal government. There are many new faces walking into NFL training camps this week. Of the 256 football […]