2024 Tax Center

Taxes are an inevitable part of adult life and while no one enjoys doing them, we all do.

Here at WalletHacks.com, we want to help you file your taxes, get your return as quickly as possible, and (to the best of our ability) help you navigate this overly complicated world as easily and as quickly as possible so you can go back to enjoying your life.

Tax Filing Resources

How Much Should Tax Preparation Cost in 2024?

Taxes can be scary but it's nothing compared to how much it can cost to have an accountant prepare your taxes! See how much you'll have to pay a professional and a few tips on how you can save money.

Where's My Refund? How to Get Your Tax Refund Fast

Have you filed your tax return and are wondering where your tax refund is? The IRS processes and pays out refunds on a schedule based on when you file. See the schedule and the tool you can use to locate your refund.

Tax Brackets, Figures & Dates

Net Investment Income Tax: What It Is and How to Avoid It

If you earn over $200,000 per year, you may be subject to the net investment income tax (NIIT), an additional tax levied on the investment income of taxpayers considered to be high income. This article will explain how the NIIT works, and give you some tips on how to reduce the potential expense.

Tax Software Reviews

How Much Does TurboTax Cost in 2023-2024?

TurboTax recently changed their pricing structure and it's not clear on the website – we break down the new pricing for 2023-2024 as well as which package is right for you.

The Best Tax Software for 2024

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 Cash App Taxes. 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.

Cash App Taxes Review 2024: Free Tax Prep

Cash App Taxes offers a completely free way to prepare you taxes – federal and one state – if you are eligible. If you have a simple tax situation and don't mind using the Cash App, you can file for free.

TaxAct Review 2024: Quality Service, Average Pricing

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.

H&R Block Review 2024

H&R Block has been doing taxes since 1955 and has 60,000 tax pros with an average of 10 years of experience. With their many service levels from complete DIY to online assist to fully in-person with a tax pro, you can be sure you are getting exactly what you need without overpaying.

TaxSlayer Review 2024: Features, Prices, Pros and Cons

TaxSlayer offers low cost, online tax prep. Their free version isn't as comprehensive as other platforms, for example it doesn't support dependents. However, their paid plans are less expensive than their competitors.

2024 Tax Center:

How Much Should Tax Preparation Cost in 2024?

Taxes can be scary but it's nothing compared to how much it can cost to have an accountant prepare your taxes! See how much you'll have to pay a professional and a few tips on how you can save money.

States That Don’t Tax Retirement Income

Thinking of moving to a lower-cost state after you retire? All things being equal, you're better off, financially speaking, moving to a state that doesn't tax retirement income. But which states are those and what other factors should you consider? Here is a list of nine states that don't charge income tax. Learn more.

2023 Year End Tax Moves You Must Be Doing

As we near the end of the year, there are a few last minute tax moves you can make to save some money. Not every move on the list will fit your situation, or be right for you, but check it out to find out. It's time to keep more of your money!

How Does the Kiddie Tax Work and Can You Avoid Paying It?

The kiddie tax is designed to prevent parents from shifting assets to their children’s names to avoid paying taxes at their own tax rates. But how does the kiddie tax work, and are there ways you can avoid paying it? Here are some tax strategies that may help.

Are State Stimulus Checks Taxable?

If you received a state stimulus check last year, you may be wondering if you owe taxes on it. We explain the IRS guidance on whether you owe income taxes your those state stimulus checks.

What is a 1031 Exchange?

If you’re a real estate investor or plan to be, you need to be familiar with a 1031 exchange, which is a strategy that enables you to sell one property in exchange for another without incurring taxes in the process. In this article, I explain how the 1031 exchange works and cover the various types, as well as the risks and benefits.

How to Get a Tax Extension Online and Avoid Late Filing Penalties

If you cannot get your tax return together before the federal tax deadline, you can file a tax extension request to avoid late filing penalties. Perhaps you're navigating a precarious life event, living overseas, or waiting for those final year-end tax documents. It's a relatively simple process, which we outline here in this article.

Net Investment Income Tax: What It Is and How to Avoid It

If you earn over $200,000 per year, you may be subject to the net investment income tax (NIIT), an additional tax levied on the investment income of taxpayers considered to be high income. This article will explain how the NIIT works, and give you some tips on how to reduce the potential expense.

What Happens If You Don’t File Taxes?

It’s common knowledge that you can be audited if you lie on your tax return, but what happens when you don’t pay your taxes? Will the IRS realize one missing tax return of the 195 million returns filed each year? While it’s possible to sneak below the radar, there can be stiff financial and legal penalties.

As Seen In: