Articles by Lance Cothern

Lance is a licensed Certified Public Accountant (CPA) in the state of Virginia and he covers money management, budgeting, financial products, and more. He is also the founder of Money Manifesto, a personal finance blog, where he writes about his family's relationship with money. Education: B.B.A. in Accounting from James Madison University.

How to Figure Out Your Federal Income Tax Bracket Learn how federal income tax brackets really work when it is applied to your income, including how to calculate exactly how much your income is taxed. How Bonuses Are Taxed by the IRS Photo of Lance Cothern Lance Cothern How Bonuses Are Taxed by the IRS So you just received a bonus. You looked at your pay stub and realized more... Invested in Cryptocurrency? What You Need to Know for the Tax Season Photo of Lance Cothern Lance Cothern Invested in Cryptocurrency? What You Need to Know for the Tax Season If you’re trading or mining cryptocurrency, you should be aware you may owe taxes... How to File an Amended Tax Return Find out what situations require you to file an amended tax return and learn how to file Form 1040X so that the IRS has the correct tax information from you. How to Prepare for Next Year’s Tax Filing Season Now With the tax filing season over, learn how you can start preparing for next year's tax season, including adjustments to tax withholding and getting organized. What Non-U.S. Citizens Should Know About Filing U.S. Tax Returns and Paying Income Tax Photo of Lance Cothern Lance Cothern What Non-U.S. Citizens Should Know About Filing U.S. Tax Returns and Paying Income Tax If you’re not a United States citizen but you earn income from the United States,... Can You File Taxes as Head of Household? Learn the Rules Photo of Lance Cothern Lance Cothern Can You File Taxes as Head of Household? Learn the Rules When you file a tax return, you have to pick a filing status. The status options... Kiddie Tax: How to Minimize a Child's Income Tax Learn about the kiddie tax and how a young child can minimize their taxes paid on earned and unearned income, including investments, dividends, and interest. What Are Each State's Income Tax Rates? Find out about the income tax rates for each U.S. state, including those that don't impose any state income taxes. Wash Sale Rule: How to Avoid an Inconvenient Tax Violation Photo of Lance Cothern Lance Cothern Wash Sale Rule: How to Avoid an Inconvenient Tax Violation It’s essential to understand the tax consequences of investing so that you can...