Taxes

Discover everything you need to know about taxes: how to file them, what happens if you don't, how they affect your credit score and more.

things taxes pay for

Taxes

10 Things Taxes Pay For: Where Do Your Federal Tax Dollars Go?

Update: The IRS deadline for filing taxes is April 18th, 2023. This applies to most taxpayers. Those that request an extension will have until October 16th, 2023 to file. The federal government spent a total of $6.3 trillion from October 2021 through September 2022, according to the U.S. Treasury Department’s Combined Statement of Receipts, Outlays... Read More

| March 6, 2023

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How Unemployment Can Really Drive Up Your Tax Bill
Back in September of 2015, I lost my job and decided to take une... Read More

February 23, 2017

Renting Out Your Home? 9 Expenses You Can Write Off
Home sharing through sites like Airbnb, VRBO and HomeAway are bec... Read More

February 21, 2017

8 Tax Breaks Most Homeowners Don’t Realize They Can Get
It’s tax season again, and if you bought a new home in 2016... Read More

February 10, 2017

The Wackiest Things Small Business Owners Try to Deduct
As a small business owner, you want to take every legal tax deduc... Read More

February 9, 2017

Will a 1099-C Hurt My Credit Scores?
If you are one of the unlucky taxpayers who received a 1099-C for... Read More

February 5, 2017

Donald Trump’s Latest Tax Problem Is More Common Than You Think
Donald Trump’s taxes have been a centerpiece of the election cy... Read More

November 2, 2016