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Tax Tips

Your 401(k) Tax Benefits

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Understanding_401_k_Tax_Benefits.mp4"][/video] By taking advantage of your 401(k) tax benefits, you’re not only helping yourself to build a more financially secure future, but…


Should I Hire a CPA? What You Should Know

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Hiring_a_CPA_Key_Considerations.mp4"][/video] CPA’s can definitely help you file your taxes, but that’s really not taking full advantage of what they can offer; hiring…


How Long to Keep Your Tax Forms

If you’re like most Americans, then the fact that you’re keeping your old tax forms is incidental because they’re just a part of the towering…


About Paying Taxes on Your Winnings From Gambling

Gambling winnings are fully taxable and must be reported on your tax return. However, there are a few key differences on how you might have…


How Do I Prove Gambling Losses On My Taxes?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/gambling-losses.mp4"][/video] Gambling is full of thrills and excitement, at least for those who enjoy it. What it also comes with is tons…


What Is Taxable Income?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2021/12/Understanding_Taxable_Income_Guide.mp4"][/video]   As you know, U.S. citizens are subject to taxes based on their annual income. There are, however, distinct definitions of…


Is Social Security Taxed After Age 70?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Social_Security_Tax_Myths_Explained.mp4"][/video] Is social security taxed after age 70? In life there are many myths that people keep believing despite them having no…


What Happens If You Don’t File Taxes?

[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Consequences_of_Not_Filing_Taxes.mp4"][/video] Failure to file your taxes, or filing them late even if you get a tax extension, can bring about bothersome and…