Taxes

No one enjoys talking about, thinking about, or completing their taxes but it's an unfortunate yet necessary part of adult working life.

These posts will help you file your taxes, get your return as quickly as possible, and (to the best of my ability) help you navigate this overly complicated world as easily as possible.

This archive shares everything related to the issue of taxes.

Taxes:

How Are Dividends Taxed?

There are two types of dividends - ordinary and qualified. Ordinary dividends are taxed like income. Qualified dividends are taxed as long term capital gains. The rate you pay for long term capital gains depends on your income but will be between 0 and 20%.

TaxAct Review 2021: Same Tax Return, Lower Cost

While TaxAct doesn't have all the bells and whistles of other tax software out there it is generally cheaper to file with them. If you don't need extras, such as one on one support or audit assistance you may want to consider TaxAct. They offer a free version for simple returns and several other levels of service depending on how complicated your taxes are.

The Best Tax Software for 2021

Which tax software to choose depends on your specific situation. If you have a simple return in only one state you can likely get your taxes done for free with TurboTax or Credit Karma. But if things are more complicated or you want live help from a tax expert then you'll want an upgraded package as you can find with H&R Block.

How to Speak to a Live Person at the IRS

Reaching a live person at the IRS can be tough, but it can be done. If you are having trouble, try calling your local office. The wait times might be shorter and you can make an appointment to meet with an advocate. Also, calling after 5 pm on Friday may be your shortest wait time.

How Does the Gift Tax Work?

When my parents came to the United States, they would send money back home to our family back in Taiwan.…

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