How Tax on Mutual Funds Works and 6 Ways to Cut the Bill
You may owe tax on mutual funds you’ve invested in — even if you haven’t sold any of the shares or received any cash from your investments. Here’s an overview…
Tina Orem
Tina Orem is NerdWallet's authority on taxes. She's been reporting on and writing about business and finance for over a decade. Her work has been featured by The Associated Press, USA Today, Consumers Digest, Advisor Today and other outlets. Email: [email protected].
Posts by Tina Orem:
How 401(k) Taxes Work: Withdrawals, Contributions & More
Most 401(k) plans are tax-deferred, which means you don’t pay income tax on the money you put into the account until you withdraw it. That makes the 401(k) not just…
Self-Employment Tax: Understand & Calculate It in 2019
If you’re a freelancer, independent contractor or small-business owner, you may need to pay self-employment tax. Here’s what it is, how it works and how you can save. What is…
What Schedule C (Form 1040) Is & Who Has to File It in 2019
If you freelance, have a side gig, run a small business or otherwise work for yourself, you may need to fill out IRS Schedule C at tax time. Here’s a…
Schedule A (Form 1040) Definition and How to Itemize Your Taxes in 2019
If you’re thinking about itemizing your taxes, get ready to attach an IRS Schedule A to your Form 1040. Here’s a simple explainer of what IRS Schedule A is, who…
Rules and Qualifications for Claiming a Tax Dependent
A tax dependent is a child or relative whose characteristics and relationship to you entitle you to claim certain tax deductions and credits, such as head of household filing status,…
What Is a 1099-DIV Tax Form? How It Works and What to Do
A 1099-DIV tax form is a record that someone paid you dividends. Here’s how the 1099-DIV works. Sometime in February, you might receive a 1099-DIV tax form (or more than one)…
What Is the IRS Form 1099-MISC? How It Works and What to Do
A 1099-MISC tax form is a record that someone gave or paid you certain kinds of unusual income. Here’s how the 1099-MISC works. Sometime in February, you might receive a 1099-MISC…
What Is a 1099-INT Tax Form? How It Works and What to Do
A 1099-INT tax form is a record that someone paid you interest. Here’s how the 1099-INT works. Sometime in February, you might receive a 1099-INT tax form (or more than one)…
What Is a Tax ID Number (TIN)? How Do I Apply?
When you file your tax return or need to talk to the IRS, you’ll likely have to provide a tax identification number, which is also called a TIN or tax…
