A net operating loss (NOL) lets you carry a loss year forward to lower a future tax bill. The basic rule is the same for every taxpayer, but if you have foreign income, the loss can interact with your return a little differently. Here's the simple version.

Estimated taxes aren't just an IRS formality — they're one of the simplest tools you have to stay ahead of your tax bill instead of chasing it. Here's why we bring this up every quarter, plus a quick quiz to see where you stand.