Tag: taxes

Health Care Q&A: Marriage and the Advance Tax Credit

We continue our series on the Affordable Care Act and how it affects you. See all of our Health Care posts for more information.   What will happen to my advance tax credit if I get married or have a baby?                 Getting married or having a baby […]

Freelancer Friday: Reminder of Penalties under the ACA

Ed note: We’ve said it before, and we’ll say it again. For those who think the life of a freelancer is footloose and fancy-free ­– we are here with your dose of reality. There are serious implications this year when it comes to making sure you have health insurance and comply with the Affordable Care […]

Social Security Benefits – How Much Is Taxable?

Ed note: It’s one of the most frequently asked questions on our social media channels – “Are my social security benefits taxable?” Like so many things with taxes, the answer is a variation of “it depends.” Leer en español. All social security benefits, whether in the form of retirement benefits, survivor benefits or disability benefits, […]

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 […]