•
Tax law changes every year, but the changes affecting the 2026 filing season (for 2025 tax returns) are significant. Whether you’re filing for yourself or helping someone else, knowing these updates can help you file more confidently and make sure you aren’t missing valuable tax breaks. Below are eight important tax law changes many…
•
You may have seen headlines claiming there is “no tax on overtime” following the passage of the One Big Beautiful Bill Act. While that phrase is misleading, there is a new federal tax deduction related to overtime pay — and understanding how it actually works matters. Starting with the 2025 tax year (filed in…
•
Tax credits can directly reduce the amount of tax you owe, making them one of the most valuable parts of a tax return. Unlike deductions, which reduce taxable income, tax credits reduce your bill dollar for dollar. Here is an example: Let’s say a taxpayer owes $3,000 in federal taxes after their income and…
•
When filing a tax return, many focus on the obvious deductions and end up overlooking others that could reduce their taxable income. While not every deduction applies to every taxpayer, being aware of commonly missed deductions can help ensure your return is accurate and complete. Below are 10 commonly missed tax deductions people often…
•
When Filing your taxes, one important decision is choosing between the standard deduction vs. itemized deductions. Understanding the difference can help reduce your taxable income and avoid overpaying on your tax return. What Is the Standard Deduction? The standard deduction is a fixed dollar amount set by the IRS that reduces your taxable income.…