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Video: Tax Tips for Teachers
Teachers can claim certain deductions on their income taxes that aren't available to people in other professions. Find out about some of these tax tips with help from TurboTax. Read more…
Flexible Spending Accounts: A Once-A-Year Tax Break
No health insurance policy covers everything, and that's where Flexible Spending Accounts (FSAs) come in. FSAs are basically bank accounts reserved to pay for your out-of-pocket health care costs. Of course, anyone can put aside money to cover health expenses, but what makes an FSA special is that you don't have to pay taxes on the money you put into it. Read more…
Furlough vs. Layoff: What's the Difference for Your Taxes?
When a company chooses to reduce its workforce, it may approach that reduction in a few different ways. How a company makes these staffing changes could result in different implications for you and your taxes. Here's what you should know about the differences between a furlough and a layoff. Read more…
Tax Tips for Uber, Lyft, and Other Car Sharing Drivers
When you're a driver for a ride-sharing company such as Uber, Lyft, or other car sharing service, the most important thing to understand about your taxes is that you are probably not an employee of a ride-sharing company. Drivers for these companies are usually independent contractors, a fact that has tax implications, both at filing time and year-round. Read more…
The Tax Benefits of Your 401(k) Plan
Your contributions to a qualified 401(k) may lower your tax bill and help you build financial security. Read more…
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