What to Know About Capital Gains Taxes on Stocks and Crypto Sold some stocks or cashed out your crypto? Before you celebrate those gains, remember—Uncle Sam wants a cut. Here’s what you need to know about how capital gains taxes apply to your investments: 📈 What Is a Capital Gain?A
Should You Contribute to an IRA or Roth IRA? Tax Impacts Explained When planning for retirement, choosing between a Traditional IRA and a Roth IRA can be a game-changer for your taxes—both now and in the future. Here’s a quick breakdown to help you decide what’s right for you: 🧾
Tax Deductions Every First-Time Homebuyer Should Know Buying your first home is exciting—and it can also bring some valuable tax breaks. If you bought a home this year, here are the key deductions that could reduce your tax bill and boost your refund. 1. Mortgage Interest Deduction One of the
Can You Still Claim Education Credits If You’re a Part-Time Student? The Answer Might Surprise You—Yes, But With Rules Good news! Even part-time students can still qualify for education credits—just not all of them. 🧾 American Opportunity Credit (AOC) Requires at least half-time enrollment Must be in a degree or
How Mortgage Interest Affects Your Tax Return Buying a home comes with big financial changes—and one of the biggest tax perks is the mortgage interest deduction. If you’re a homeowner, here’s how this deduction can work in your favor at tax time 🔍 What Is the Mortgage Interest Deduction?When you
Reporting Investment Income as a Middle-Income Earner As a middle-income earner, you might assume investment income won’t impact your taxes much—but it can. Whether it’s from stocks, dividends, or savings interest, the IRS wants its share. Here’s what you need to know: 📈 Types of Investment IncomeInvestment income comes in
Last-Minute Tax Filing Tips Before the Deadline The tax deadline is fast approaching, and you’re feeling the crunch! Don’t worry—here are some quick, last-minute tips to help you file your taxes on time and avoid penalties. 1. Gather Your Documents Fast 📄 Make sure you have everything you need: W-2s
Should You Use a Tax Pro or File Yourself? A Cost vs. Value Guide Tax season is here, and you have an important decision to make: Should you hire a tax professional or file your taxes on your own? Each option has its pros and cons, so here’s a breakdown
How to Check the Status of Your Refund Filed your taxes and waiting for your refund? You’re not alone! Thankfully, the IRS makes it easy to track your refund so you’re not left in the dark. Here’s how to check your refund status and what to expect. 🧾 1. Use
What to Do If You Missed the Tax Deadline Missed the tax deadline? Don’t panic—you’re not alone, and it’s not too late to take action. Whether you owe money or expect a refund, there are smart steps you can take to minimize penalties and get back on track. 1. File
