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401(k) Taxes on Contributions and Withdrawals in 2025-2026

Contributing to a traditional 401(k) could reduce your tax bill now, but you’ll likely pay tax when you withdraw the money in retirement.

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Tina Orem, June Sham

Self-Employment Tax: 2026 Rates and Calculator

Self-employment tax is a mix of Social Security and Medicare taxes. Use our calculator to estimate what you owe.

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Tina Orem

Schedule C: What It Is, Who Has to File It

Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form.

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Tina Orem

How to Claim a Tax Dependent: Rules, Qualifications

Tax dependents are either qualifying children or qualifying relatives, and they can score you some big tax breaks.

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Tina Orem

What Is Form 1099-DIV for Dividends and Distributions?

Form 1099-DIV is an IRS tax document that reports dividend income. Here's what it means and what to do with it.

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Form 1099-MISC: What It Is, How It Works

A 1099-MISC form reports certain types of miscellaneous income, including rent, prizes, royalties and other payments.

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Tina Orem

What Is a Tax Identification Number? Definition, How to Get One

You may need a tax ID number when you file your taxes or talk to the IRS. Here’s what tax IDs are and how to get one.

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Tina Orem

What to Know About IRS Payment Plans for Taxes

Eligible taxpayers can apply online to set up an IRS installment agreement and pay their tax bills over time.

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Sabrina Parys, Bella Avila

How to Pay Your Taxes: 9 Ways to Make a Tax Payment in 2026

Paying your federal taxes online can be an easy and fast way to handle your bill, but there are also other ways to make an IRS payment.

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Sabrina Parys, Tina Orem

Guide to IRS Customer Service and Phone Numbers

Lesser-known IRS customer service phone numbers could help you skip the line or talk to a person faster. Plus, learn where you can get in-person help if you need it.

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Tina Orem, Sabrina Parys

How to Request an IRS Tax Transcript or Tax Return

An IRS tax transcript is a summary of your tax return info. Here are the different types, and how to get one online, over the phone or by mail.

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Tina Orem, Sabrina Parys

Tax Planning: 7 Tax Strategies and Concepts to Know

Know your bracket, how key tax ideas work, what records to keep and basic steps to shrink your tax bill.

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Sabrina Parys, Tina Orem

Tax Relief and Resolution: 5 Ways to Deal With Tax Debt

If you're behind on taxes or finding it hard to keep up with your IRS payments, here are five tax relief options that could help.

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Sabrina Parys, Tina Orem

FICA Tax: Definition and How It Works in 2026

FICA is a payroll tax that goes toward funding Social Security and Medicare. Employees and employers split the total cost.

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Tina Orem, Sabrina Parys

What Is the IRS First-Time Penalty Abatement?

The first-time penalty abatement lets qualifying taxpayers reverse the penalties for not filing a tax return or paying on time.

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Tina Orem

How Much Do You Have to Make to File Taxes?

According to the IRS, here's how much you have to have made in 2025 to be required to file taxes in 2026 and the general rules for whether you need to file a federal tax return this year.

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Sabrina Parys, Tina Orem

Head of Household Tax Filing Status: Rules, Who Qualifies

Using the head of household tax filing status could save you money if you qualify.

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Tina Orem, Bella Avila

Freelancer Taxes: A Guide for Filing With a Side Hustle

You'll get more tax paperwork, and you'll likely need to file more forms at tax time. Here's how to stay on top of it all.

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Tina Orem

25 Popular Tax Deductions and Tax Breaks for 2025-2026

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and write-offs — and how to claim them.

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Sabrina Parys, Tina Orem

What Happens If You Don’t Pay Your Taxes?

Not paying your taxes or paying them late can result in hefty penalties and other consequences.

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Sabrina Parys, Tina Orem