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Tax Strategies

How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars

Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…


401k Contribution Limits Increased for 2024

The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their…


How Do Taxes on Gambling Winnings Work?

Gambling activities can be thrilling and potentially lucrative, but it's important to understand the implications of taxes on gambling winnings. By staying informed, you can…


How Are Cryptocurrencies Taxed? When You Pay Taxes on Bitcoin, What’s Your Taxable Income?

And you thought e-filing your taxes was the hottest, new-fangled doodad the IRS tracked. When it comes to cryptocurrency taxes, the Internal Revenue Service treats…


IRS2Go App FAQs

In today's world of electronic streamlining and technological advances, there is an app for everything and the IRS is no exception. The IRS2Go App allows…


How to File a Tax Return: Get Started Here

Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal income tax…


Taxable vs. Non-Taxable Income

What Types of Income Are Subject to Tax? Are you trying to determine whether or not all of your income is taxable? While the IRS…


Tax Tips for 2021

10 Tax Tips for Your Federal Income Taxes As the end of 2021 approaches, it’s a good idea to review your tax situation and consider…