The 2021 Recovery Rebate Credit
To help offset the financial impact of the COVID-19 pandemic, the U.S. government delivered three separate Economic… Read more
Tax Law Changes
All About The Child and Dependent Care Credit
For many working parents, paying for childcare is simply a fact of life. But a portion of those expenses could actually qualify… Read more
Everything You Need to Know About the 2021 Child Tax Credit
The American Rescue Plan expanded the Child Tax Credit (CTC) as well as changed some of the existing… Read more
What is Form 1099-NEC?
IRS Form 1099-NEC is the tax form used to report to report non-employee compensation for tax year 2020 and beyond. Before… Read more
Understanding the Mortgage Interest Deduction
The Mortgage Interest Deduction allows homeowners to reduce their taxable income by the amount of interest paid on a qualified… Read more
Did Tax Reform Change the Deductions for Your Home Office?
The Tax Cuts and Jobs Act (TCJA) of 2017 eliminated the miscellaneous deduction for home office expenses for tax years… Read more
Need-to-Know Tax Reform
The Tax Cuts and Jobs Act took effect in 2018. Some of the changes outlined in the act are permanent, while others will expire… Read more
Getting Ahead on Your 2021 Federal Income Tax Return
Americans are continuing to recover from the financial impact of the pandemic. The government has extended certain forms… Read more
What to Know About Capital Gains and Losses
What are capital gains and losses?
A “capital asset” describes everything you own for personal use (not business)… Read more
How to Estimate Your Tax Refund
The information in this article is up to date through tax year 2019 (taxes filed in 2020).
With TaxSlayer’s Refund… Read more