Tax guidance and resources

Latest Articles

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  What is adjusted gross income (AGI)?

  Your adjusted gross income is unique to you and can be found on your Form 1040.

  2 min read Nov 02, 2021
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  Arizona state taxes 2021: Income and sales tax rates

  Arizona has four income tax brackets for filers.

  2 min read Nov 01, 2021
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  What tax credits can I qualify for this year?

  Tax credits can create substantial savings on your taxes.

  5 min read Nov 01, 2021
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  What is the penalty for failure to file taxes?

  IRS penalties for failure to file or pay taxes are onerous. Here’s what you must do.

  2 min read Oct 22, 2021
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  When to hire a tax attorney

  A tax attorney can help with trust and estate planning, settling tax disputes and more.

  3 min read Oct 22, 2021
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  What is the Internal Revenue Service (IRS) and what does it do?

  The IRS is responsible for assessing and collecting tax revenue in the United States.

  4 min read Oct 21, 2021
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  Sales tax: Definition, how it works and how to calculate it

  Sales tax is a type of consumption tax, meaning it taxes people for spending money

  3 min read Oct 21, 2021
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  Sin tax: What it is, how it works and examples

  A sin tax is a tax levied on a specific activity or good that is deemed harmful to individuals or society.

  3 min read Oct 21, 2021
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  Tax Identification Number (TIN): What it is and how to get it

  A TIN is a nine-digit tracking number assigned and used to identify a taxpayer.

  2 min read Oct 20, 2021
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  Child tax credit 2021: How to qualify and how much you’ll get

  Nearly 36 million Americans are eligible for the expanded credit.

  5 min read Oct 20, 2021
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  What is gross income? How it works and why it’s important

  A person’s gross income is used to determine how much they have to pay toward federal and state income taxes.

  3 min read Oct 18, 2021
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  Modified adjusted gross income (MAGI): What it is and how to calculate it

  You’ll need to know your MAGI to determine whether you qualify for certain tax benefits.

  2 min read Oct 18, 2021
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  How long you should keep tax returns and other IRS records

  Here’s what to know about records to hang on to and how long you should keep them.

  4 min read Oct 08, 2021
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  The most common tax scams and how to report them

  Financial scams exist throughout the year but escalate before and during tax season.

  3 min read Oct 08, 2021
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  Medical expense deduction: How to claim medical expenses on your taxes

  You may be able to deduct certain medical expenses if they meet IRS requirements.

  4 min read Oct 08, 2021
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  How to get the student loan interest deduction

  Those who qualify can deduct up to $2,500 of student loan interest per year.

  2 min read Oct 06, 2021
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  Tax credits vs. tax deductions: What’s the difference?

  Knowing the difference can save you money come tax time.

  3 min read Oct 05, 2021
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  12 ways to lower your taxable income this year

  There are a number of steps you can take to ensure you don’t pay the IRS more than you have to.

  2 min read Oct 05, 2021
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  Standard deduction vs. itemized deduction: Pros and cons, and how to decide

  You have to do some math to determine which method to use, but it’s worth it.

  3 min read Oct 04, 2021
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  Estimated tax payments: How they work and when to pay them

  Income that is not subject to federal tax withholding requires you to pay estimated taxes.

  4 min read Oct 04, 2021