Mortgage rates and insurance aren’t the only factors inflating the cost of homeownership these days—property taxes have been rising rapidly, too. Many homeowners have been opening...
Taxes
All Taxes Articles
Understanding Unrealized Gains Tax: What Investors Need to Know
When one of your investments increases in value, your profit is considered a capital gain…but that capital gain may not need to be reported to...
Understanding the Different Types of Taxes: A Practical Guide for Everyday Taxpayers
Whether you like it or not, taxes are an inevitable part of life. But you may not know why you pay them or where the...
Inheritance Tax: What Is it and How Is It Calculated?
A New Jersey woman wanted to leave $75,000 to each of her four siblings in her estate plan. She didn’t realize that the gift would...
Why Is My Tax Refund Taking So Long? Common Causes, Solutions and What to Do Next
Who doesn’t love getting a tax refund? But when it feels like too much time has gone by without hearing from the IRS, a lot...
How to Fill Out a W-4 Form: Step-By-Step Guide to Getting Your Tax Withholding Right
Everyone who works fills out a W-4 form. This document ensures that your employer withholds the right amount of taxes from your paycheck. Abby Eisenkraft,...
What Is the SALT Tax?
A recent increase in the SALT deduction cap will lead to lower taxes for some taxpayers. But what are SALT taxes, and who will benefit?...
Tax Benefits for Families
Tax expert Abby Eisenkraft has bad news for anyone searching for details about the new stay-at-home-mom tax credit—it doesn’t exist. “There is no stay-at-home parent...
Married Filing Separately vs. Jointly: How to Choose the Best Tax-Filing Status for Your Situation
Married people are paired with their partners for better or for worse, but should they unite for tax return filing, too? The IRS lets married...
What Is a Tax Write-Off?
The term tax write-off is another way of saying “tax deduction.” The phrase typically is used to refer to self-employment and small-business–related tax deductions, though...
States with the Most—and Least—Property Taxes
Property taxes have been increasing in recent years—the average annual bill now is close to $3,000. That $3,000 figure no doubt seems surprisingly low to...
Is Overtime Pay Taxed More?
You may have heard that the tax rules regarding overtime pay are changing—but taxation of overtime earnings is not ending entirely. Historically, overtime pay has...
