Not everyone is eligible to make tax-deductible contributions to a traditional IRA. For example, for 2026, deduction eligibility for single taxpayers who a...
The IRS has issued 2026 retirement plan numbers. In 2026, individuals with IRAs can contribute up to $7,500 (up from $7,000 in 2025). The IRA catch-up cont...
The corporate alternative minimum tax (CAMT) imposes a 15% minimum tax on the adjusted financial statement income of corporations with average annual incom...
Starting in 2026, Trump Accounts offer families a new tax-advantaged way to save for their children’s futures. These accounts, created under the One Big ...
Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025. The expanded state and local tax (SALT) ded...
In addition to the obvious taxes imposed by the federal government are many obscure ones that may affect your daily life. One mandated by the Affordable Ca...
The One Big Beautiful Bill Act (OBBBA) makes changes to charitable contribution deduction rules that will take effect in 2026. If you itemize deductions, y...
It may be time to reevaluate whether you should itemize certain deductions or claim the standard deduction based on your filing status. Itemizing deduction...
The Affordable Care Act’s enhanced premium tax credits are scheduled to expire at year end. Democrats wanted a one-year extension of the credits in retur...
Whether you can deduct legal expenses on your federal tax return depends on the costs’ “origin and character.” You can generally deduct legal fees re...
