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53% of Americans Say Taxes Are Too Complicated. Here's How to File Taxes Fast (and for Free)

The Motley Fool

Image source: The Motley Fool/Upsplash Last year, I spent hours filing taxes on two platforms, TurboTax and Taxslayer. I drowned in tax forms, then the tax software helped me breathe long enough to fill them out. I filed with TurboTax anyway because taxes are too complicated. The experience was similar. government.

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Depositing $10,000 in Your Bank Account? Something Surprising Could Happen at the Bank

The Motley Fool

Image source: Getty Images If you're like most people, you use a bank account for your everyday transactions. Ideally, you'll pick a great bank account, like these top-rated checking accounts that charge few or no fees, offer perks like overdraft protection, and make it easy to access your money with large ATM networks.

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3 Little-Known Ways to Avoid Taxes on CDs

The Motley Fool

The only thing that would make this moment better is if you didn't have to pay taxes on your CD earnings. Depending on your tax rate, that could cut out a sizable portion of your earnings. But not all CD holders will pay taxes on their interest. Like bank CDs, HSA CDs can give you a fixed interest rate for guaranteed returns.

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4 Ways Retirees Pay Too Much in Taxes

The Motley Fool

And if you plan for all retirement-related expenses -- including taxes -- count yourself among the brilliant. Every day, some retirees pay too much in taxes. For example, municipal bonds are never taxed at the federal level (which can save you big bucks in retirement). Here are four ways they allow it to happen.

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Should You Use Your Tax Refund to Open a CD?

The Motley Fool

Image source: Getty Images At this point, many people have filed their taxes and are waiting for their refunds to hit their bank accounts. So if you're in a similar situation, do not put your tax refund into a CD, where you'll risk a penalty for withdrawing your money before your CD matures. But is that a good idea?

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5 Ways to Lower Your New York State Tax Bill

The Motley Fool

Image source: Getty Images Ah, New York, the Empire State: home to the Big Apple, cascading waterfalls, and, not so proudly, some of the highest taxes in the nation. Whether you're a city slicker dodging taxis or a country dweller enjoying the serene landscapes, one thing unites all New Yorkers: the quest to lower that pesky tax bill.

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Here's What Happens When You Blow Off Your Tax Bill

The Motley Fool

Image source: The Motley Fool/Upsplash As of late February, the average tax refund issued by the IRS in 2024 came to $3,213. But what if you're not due a refund on this year's taxes ? There are different reasons why you may end up with a tax bill on your hands this year. What if you owe the IRS money instead?

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