Are Joint Bank Accounts Subject to Inheritance Tax?
Learn how joint bank accounts and inheritance tax interact, from federal estate rules and spousal treatment to state taxes and related filing duties.
Royalties on Form 1099-MISC: Rules for Payers and Recipients
Learn how a 1099-MISC for royalties works for payers and recipients, from issuing and correcting the form to reporting the income and paying taxes owed.
What a 529 Cannot Be Used For: Non-Qualified Costs and the 10% Penalty
Learn what a 529 cannot be used for, from everyday student costs and outside academic help to debt and tax overlaps that trigger a federal penalty.
Bank of America Tax Reporting Letter: Forms, Timing, and Access
Learn how the Bank of America tax reporting letter works, from which forms you can expect and when they arrive to accessing them online and fixing errors.
How HYSA Interest Is Taxed: 1099-INT, Surtax, and State Rules
Learn how HYSA interest is taxed, from federal reporting and surtax rules to state taxes, custodial accounts, and better-treated alternatives.
Can I Deduct Health Insurance Premiums From My Taxes?
Learn how to deduct health insurance premiums from your taxes, from employer and self-employed rules to itemizing, Marketplace coverage, and Medicare.
Is S Corp Income Subject to Self-Employment Tax?
Learn how S corp income is treated for self-employment tax purposes, from the reasonable salary requirement to distributions and Social Security tradeoffs.
Stock Dividend Tax Rules: Basis, Holding Period, and Reporting
Learn how to adjust cost basis after a stock dividend, from allocating shares and tracking holding periods to reporting sales and taxable exceptions.
How Much Do You Get Taxed on 401(k) Withdrawals?
Learn how much you get taxed on 401(k) withdrawals, from traditional and Roth rules to early withdrawal penalties, required distributions, and state tax.
What Is IRS Form 5498: IRA Contribution Information?
Learn how IRS Form 5498 works, from what your IRA custodian reports and how to read the key boxes to using it to verify your return and fix errors.