NEWS
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February 2, 2026
Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to tax. […]
January 26, 2026
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts […]
January 19, 2026
A new tax-advantaged way to help children build up savings for the future was created by the One Big Beautiful Bill Act (OBBBA): Trump Accounts (TAs). […]
January 12, 2026
The IRS is opening the filing season for 2025 individual income tax returns on January 26. This is about the same time as when the agency […]
January 5, 2026
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and other […]