DALLAS, Jan. 29, 2026 /PRNewswire/ — TaxAct, a leading U.S. tax software provider trusted by more than 111 million filers since 1998, […] The post TaxAct® Expands Flexible Filing Options for the 2026 Tax Season appeared first on .

Updated for tax year 2025. Your wedding day is one of the most exciting and memorable days of your life. […] The post I’m Married, What Filing Status Should I Choose? appeared first on .

One year after "Liberation Day," evidence shows President Trump's tariffs were not reciprocal, did not generate the promised investment boom, raised less revenue than projected, and contributed to higher prices.

By 2036, more than one out of every four dollars raised in total government revenue will go to pay interest on the debt.

Unlike the IEEPA tariffs, which were stopped by the Supreme Court, the new Sec. 122 tariffs require congressional authorization after 150 days.

While well-intentioned, Kansas' assessment limit like the one in SCR 1616 would create wide gaps between a property’s assessed value and its market value, distorting the real estate market and disadvantaging those purchasing newer properties.

With a new tax season comes a new set of effective tax rates, standard deduction dollar amounts, and more minor changes from the Internal Revenue Service for 2025, keeping abreast of these adjustments is essential for maximizing potential refunds and minimizing liabilities. In 2025, taxpayers will encounter new standard deduction amounts, evolving individual income [...]

The 1242 IRS usually appears when the Internal Revenue Service pauses processing your income tax return for additional review. While this doesn't necessarily indicate an error, it often means the IRS needs to verify certain information before issuing your refund. Reference 1242 may appear due to concerns about your income tax credit claims, inconsistencies [...]

If you’ve received a notice from the Texas Comptroller’s Office regarding a penalty for failure to file or pay your tax report on time, know that you’re not alone. Many Texas taxpayers face late filing penalties or missed payments. Fortunately, the state offers relief through payment plans or payment penalty waivers, and Form 89-224 [...]

Receiving a letter from the IRS, such as Notice CP215, can be unsettling, especially because it involves penalties. This notice, also known as a Notice of Civil Penalty Charge, means that the IRS has determined that you may owe a civil penalty, often due to issues like outstanding returns or ongoing compliance problems. Whether [...]

Not paying taxes can lead to a series of escalating consequences that go far beyond the simple financial burden. First, you may be subject to a failure to file penalty, which can be as much as 5% of your unpaid taxes for each month your return is late. The failure to pay penalty also [...]

Options trading offers flexibility and leverage, but the tax rules are complex and frequently misapplied. Traders who do not understand these rules risk overstating losses, understating income, or both — often relying too heavily on incomplete broker reporting. This guide explains how options are taxed in 2026, focusing on classification, trade-level mechanics, anti-abuse rules, and […]

How the tax code treats SPDR Gold Trust (GLD) for investors and traders Active traders often ask three questions about GLD (the gold ETF): Does GLD trigger wash sales? Can GLD qualify as a §475 mark-to-market security for traders? How are GLD options taxed? Many traders also ask a simple question: Is GLD subject to […]

Accurate tax reporting is one of the most overlooked opportunities for active traders to optimize tax results. While compliance matters, the real value of proper reporting lies in unlocking tax savings through Trader Tax Status (TTS), Section 475 mark-to-market (MTM), Qualified Business Income (QBI), the SALT cap workaround, and favorable tax treatment for different trading […]

Get ready for year-end with proactive tax planning for traders. The One Big Beautiful Bill Act (OBBBA) made many TCJA provisions permanent and extended valuable deductions for traders. Smart timing of income, PTET payments, and S-Corp benefits before December 31 can lower your 2025 tax bill and set you up for success in 2026. Overview […]

The Shared Finances vs Separate Bank Account Debate At some point, every couple has the shared finances vs separate bank accounts conversation. But, as with all money-related matters, it’s rarely a straightforward process. Let’s look at the 3 most common options for couples to manage their finances, to help you choose what kind of strategy […] The post Shared Finances vs Separate Bank Accounts – Which is Right For You? appeared first on Etax - Your Tax Return Online.

What is Loyalty Tax? Firstly, it’s important to note that Loyalty Tax has absolutely nothing to do with the ATO. Loyalty tax is a sneaky, underhanded way that companies extract money from all of us. Fortunately, loyalty tax is avoidable. Some of the most well-known and trusted companies in Australia apply a loyalty tax against […] The post What is Loyalty Tax and How to Avoid Paying It appeared first on Etax - Your Tax Return Online.

Key Takeaways Finding and consolidating your lost super could significantly boost your retirement savings: Millions of Australians have more than one superannuation account (super fund). That can mean paying more fees leading to less superannuation for your retirement. The good news is that, these days, it’s easy to find lost superannuation accounts and combine them […] The post Find Lost Super – How to track down your superannuation and boost your retirement savings appeared first on Etax - Your Tax Return Online.

Could you retire at 40 instead of 67? If you follow a version of the FIRE strategy, it can be possible, but the price is high! What is the FIRE Movement? The FIRE movement (Financial Independence, Retire Early) challenges the traditional notion of working until 67 by encouraging people to save and invest aggressively to […] The post Exploring the FIRE Movement: A journey to financial freedom in Australia appeared first on Etax - Your Tax Return Online.