Be sure to make your payment on time. Either have the check in the mail on or before the due date (best practice, mail it a week before the due date to avoid any question), or make the payment online prior to midnight on the date due (best practice, do it as early in the day as possible to avoid any issues completing the payment).

Be sure to make your payment on time; a day late = a quarter late. You can make the payment online prior to midnight on the date due (best practice, do it as early in the day as possible to avoid any issues completing the payment).

Specific rules and exemptions vary by state, and some states may have income thresholds or other criteria that affect whether Social Security benefits are taxed. As tax laws can change, it is advisable to consult with a tax professional or check the latest state tax regulations for the most up-to-date information.

Minimize taxable income by making charitable contributions directly from your traditional IRA. This may reduce required minimum distributions and funds must go directly from investment account to charitable (501(c)(3)) organization.

About 40% of people who get Social Security must pay federal income taxes on their benefits. This usually happens if you have other substantial income in addition to your benefits. Substantial income includes wages, earnings from self-employment, interest, dividends, and other taxable income that must be reported on your tax return.

Read this Q & A about what you need to report to the IRS about your gambling wins and losses.

Arizona provides three separate tax credits for individuals who make contributions to charitable organizations and/or AZ public schools. Credit eligible contributions made on or before April 15, 2025 are considered to have been made on the last day of 2023.

Federal law requires you to maintain copies of your tax returns and supporting documents for three years. This is called the “three-year law” and leads many people to believe they're safe provided they retain their documents for this period of time.

Taxes can be daunting, but keeping organized records and knowing the rules for your type of company can help. Read about how you can tackle Tax Day like a pro.

Mid-year tax check-ups are like prepping your car before a long trip – they help you avoid surprises. Tax laws change frequently, and life events like marriage or buying a home can impact your taxes. By mid-year, you should review your finances to catch any changes and adjust your withholding accordingly.

Gift tax is a federal tax that can be imposed on the transfer of money or property to another person. Thankfully, two things can help keep the IRS out of most people's hair: the annual gift tax exclusion and the lifetime exclusion.

The five major 2024 tax changes cover income tax brackets, the standard deduction, retirement contribution limits, the gift tax exclusion and phase-out levels for Individual Retirement Account (IRA) deductions, Roth IRAs and the Saver’s Credit.