Taxes

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Taxes

Page 3

Is Money Received from Crowdfunding Taxable?

Crowdfunding for personal use is generally considered a non-taxable gift. Business crowdfu...

By Gayle Sato

Sep 22, 2022

How to Report 1099-K Income

If you received business payments of $600 or more from a service like Venmo, Uber or eBay,...

By Gayle Sato

Sep 16, 2022

What Is a 1099-K?

If you did $600 or more worth of business on a third—party payment app like PayPal, Venmo ...

By Gayle Sato

Sep 14, 2022

How to Qualify for the Home Office Tax Deduction

You can claim the home office tax deduction if you're self-employed and you regularly and ...

By Brianna McGurran

Jul 25, 2022

Child Tax Credit Explained

In 2022, the child tax credit provides a tax break for parents in the form of a $2,000 tax...

By Gayle Sato

Jun 15, 2022

Can My Parents Claim Me as a Dependent After Age 18?

Wondering if your parents can still claim you as a dependent after age 18? They can if you...

By Emily Cahill

May 31, 2022

When Should I Adjust My Tax Withholding?

You can adjust your tax withholding by submitting a new W-4 that shows a change in your fi...

By Gayle Sato

May 26, 2022

Refundable vs. Nonrefundable Tax Credits

Most tax credits are nonrefundable, but a handful of refundable tax credits can reduce you...

By Gayle Sato

May 16, 2022

15 Tax Deductions for Self-Employed Taxpayers

Freelancers, contractors and other self-employed people may pay more in taxes. These 15 ta...

By Gayle Sato

May 14, 2022

How Are NFT Gains Taxed?

As with most other assets, NFT gains are usually taxable. But it's worth noting that it's ...

By Marianne Hayes

May 12, 2022

What Are Estate Taxes?

Money or assets you pass along to heirs may be subject to estate taxes if your estate exce...

By Gayle Sato

May 11, 2022

How Does Capital Gains Tax Work on Home Sales?

Sold your home for more than you paid? Your profit is subject to capital gains taxes, but ...

By Gayle Sato

May 10, 2022

9 Best Ways to Lower Your Taxes

Reduce your income and lower your tax bill with tax credits and deductions for retirement ...

By Gayle Sato

May 9, 2022

How Getting a Raise Affects Your Taxes

Getting a raise could mean moving to a higher tax bracket with a higher tax rate. Manage y...

By Gayle Sato

May 6, 2022

How to Check the Status of Your Tax Refund

If you're eagerly awaiting the arrival of your tax refund, you can easily check its status...

By Emily Starbuck Gerson

Mar 19, 2022

How Much Does It Cost to Hire an Accountant to Do My Taxes?

Hiring an accountant to do your taxes can be costly, depending on where you live and how c...

By Ben Luthi

Mar 17, 2022

How Are Stocks Taxed?

Making money on stocks means paying taxes on capital gains and dividends. Strategize to ke...

By Gayle Sato

Mar 16, 2022

Do I Need a Tax Accountant?

You don't necessarily need an accountant to prepare and file your tax return—even if you d...

By Louis DeNicola

Mar 13, 2022

Child Tax Credit and IRS Letter 6419 Explained

The IRS Letter 6419 can tell you how much you received in monthly advance child tax credit...

By Louis DeNicola

Mar 12, 2022

Tax Credit vs. Tax Deduction: What’s the Difference?

Tax deductions reduce your taxable income whereas tax credits can either reduce your tax b...

By Evelyn Waugh

Mar 10, 2022

Tax Breaks for Foster Parents

Many tax breaks are available for foster parents if foster children qualify as dependents....

By Gayle Sato

Mar 3, 2022

5 Tax Strategies to Protect Your Income

Learn about several basic ways you can protect your money and lower your tax bill.

By Louis DeNicola

Mar 3, 2022

Will You Have to Pay Back the 2021 Child Tax Credit?

You may have to repay some or all of your advance child tax credits for 2021 if your incom...

By Gayle Sato

Feb 26, 2022

How to Pay a Surprise Tax Bill

You can pay a large tax bill you weren't expecting with an IRS installment plan, credit ca...

By Gayle Sato

Feb 25, 2022

What Is a Tax Audit?

The IRS conducts audits to verify information on tax returns and avoid fraud. While audits...

By Emily Starbuck Gerson

Feb 9, 2022

Can You Deduct a Capital Loss on Your Taxes?

Here's how to deduct the capital loss when you sell an investment for less than it cost.

By Gayle Sato

Feb 6, 2022

What Is a Tax Exemption and How Does It Work?

Knowing how to find and apply your tax exemptions can mean the difference between a happy ...

By Hillary Back

Jan 27, 2022

How to Know if You Have to Pay Capital Gains Tax

Did you sell stocks, crypto or another asset and need to figure out how much taxes you'll ...

By Evelyn Waugh

Jan 18, 2022

Tax-Deductible Donations: Rules for Giving to Charity

Donating cash or property to charity can get you a tax deduction with special incentives i...

By Gayle Sato

Jan 13, 2022

Are HOA Fees Tax Deductible?

You generally can't deduct HOA fees on your taxes, but there are some exceptions for busin...

By Louis DeNicola

Jan 13, 2022

How to Save Money on Property Taxes

As home prices surge nationwide, so are property taxes in many locales. Here's what to do ...

By Jim Akin

Sep 21, 2021

How Is Passive Income Taxed?

Passive income is taxed whether it's generated from rental, business or trade activities y...

By Allison Martin

Mar 19, 2021

Find Out if You Qualify for Free Tax Preparation and Filing

There are several IRS and nonprofit programs that offer eligible taxpayers free tax prepar...

By Louis DeNicola

Mar 18, 2021

Do You Have to Pay Taxes on Cryptocurrency Profits?

Depending on how you got your cryptocurrencies and how long you've held them, you may need...

By Louis DeNicola

Mar 18, 2021

What Is a Taxpayer Identity Protection PIN?

Starting this year, you can voluntarily request an Identity Protection PIN from the IRS. I...

By Louis DeNicola

Mar 17, 2021

Are Student Loans Tax Deductible?

Student loans can be financially crippling, but the student loan interest tax deduction is...

By Ben Luthi

Feb 20, 2021

What Is a Tax Refund?

The government issues a tax refund when the amount you've paid in taxes throughout the yea...

By Gayle Sato

Feb 17, 2021

How Do You File an Amended Tax Return?

Filing an amended tax return can correct previous errors and possibly add to your bottom l...

By Hillary Back

Feb 15, 2021

Will Identity Theft Delay My Tax Refund?

If a fake tax return was filed using your Social Security number, you may wait weeks or mo...

By Gayle Sato

Feb 12, 2021

How Common is Tax Identity Theft?

Tax identity theft is when someone uses your personal information, including your Social S...

By Louis DeNicola

Feb 12, 2021

Here’s What to Do If You Can’t Pay Your Taxes

If you can't afford your tax bill, the IRS offers structured payment plans and several opt...

By Brianna McGurran

Feb 10, 2021

What Qualifies as Taxable Income?

Salary, wages and tips are among the types of taxable income, but coronavirus stimulus che...

By John Egan

Feb 6, 2021

How Are Freelancers Taxed?

Knowing how you're taxed as a freelancer can save time and money—and can save you from an ...

By John Egan

Jan 7, 2021

Is Personal Loan Interest Tax-Deductible?

You may be able to deduct the interest you pay on a personal loan if you use the funds for...

By Louis DeNicola

Aug 4, 2020

Do I Have to Pay Taxes on a Cash-Out Refinance?

You're not required to pay taxes on the money you gain from a cash-out refinancing because...

By John Egan

Jun 16, 2020

Are Moving Expenses Tax Deductible?

The income tax reform passed in late 2017 eliminates tax deductions for non-military movin...

By Jim Akin

Mar 2, 2019

What Is Alternative Minimum Tax?

High-income earners may need to use the alternative minimum tax system to determine their ...

By Louis DeNicola

Mar 1, 2019

You Can Pay Your Taxes With a Credit Card, But Should You?

Paying your taxes with a credit card could work with the right card and a good payoff plan...

By Ben Luthi

Feb 28, 2019

Tax ID Numbers Do Not Replace Social Security Numbers

Dear Experian, I do not have a Social Security number. Instead, I have an EIN number. Does...

By Experian Team

Jul 17, 2016

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Explore more topics

Taxes

Is Money Received from Crowdfunding Taxable?

How to Report 1099-K Income

What Is a 1099-K?

How to Qualify for the Home Office Tax Deduction

Child Tax Credit Explained

Can My Parents Claim Me as a Dependent After Age 18?

When Should I Adjust My Tax Withholding?

Refundable vs. Nonrefundable Tax Credits

15 Tax Deductions for Self-Employed Taxpayers

How Are NFT Gains Taxed?

What Are Estate Taxes?

How Does Capital Gains Tax Work on Home Sales?

9 Best Ways to Lower Your Taxes

How Getting a Raise Affects Your Taxes

How to Check the Status of Your Tax Refund

How Much Does It Cost to Hire an Accountant to Do My Taxes?

How Are Stocks Taxed?

Do I Need a Tax Accountant?

Child Tax Credit and IRS Letter 6419 Explained

Tax Credit vs. Tax Deduction: What’s the Difference?

Tax Breaks for Foster Parents

5 Tax Strategies to Protect Your Income

Will You Have to Pay Back the 2021 Child Tax Credit?

How to Pay a Surprise Tax Bill

What Is a Tax Audit?

Can You Deduct a Capital Loss on Your Taxes?

What Is a Tax Exemption and How Does It Work?

How to Know if You Have to Pay Capital Gains Tax

Tax-Deductible Donations: Rules for Giving to Charity

Are HOA Fees Tax Deductible?

How to Save Money on Property Taxes

How Is Passive Income Taxed?

Find Out if You Qualify for Free Tax Preparation and Filing

Do You Have to Pay Taxes on Cryptocurrency Profits?

What Is a Taxpayer Identity Protection PIN?

Are Student Loans Tax Deductible?

What Is a Tax Refund?

How Do You File an Amended Tax Return?

Will Identity Theft Delay My Tax Refund?

How Common is Tax Identity Theft?

Here’s What to Do If You Can’t Pay Your Taxes

What Qualifies as Taxable Income?

How Are Freelancers Taxed?

Is Personal Loan Interest Tax-Deductible?

Do I Have to Pay Taxes on a Cash-Out Refinance?

Are Moving Expenses Tax Deductible?

What Is Alternative Minimum Tax?

You Can Pay Your Taxes With a Credit Card, But Should You?

Tax ID Numbers Do Not Replace Social Security Numbers