October 2026 | Fast Forward Accounting Solutions

You Don’t Have To Itemize To Deduct Charitable Donations In 2026

October 19, 2026

Beginning in 2026, taxpayers who take the standard deduction may deduct up to $1,000—or $2,000 for married couples filing jointly—in qualifying charitable cash contributions.

Bought A New Car? You May Be Able To Deduct The Loan Interest

October 12, 2026

A new federal tax deduction could allow eligible taxpayers to deduct up to $10,000 a year in interest paid on qualifying new-vehicle loans. But not every car or buyer qualifies.

New Education Freedom Tax Credit Begins In 2027: What Taxpayers Should Know

October 5, 2026

A new federal tax credit beginning in 2027 could provide taxpayers with up to $1,700—or $3,400 for married couples filing jointly—for qualifying contributions to scholarship organizations.

Recent Posts

You Don’t Have To Itemize To Deduct Charitable Donations In 2026October 19, 2026 - 2:40 pm
Beginning in 2026, taxpayers who take the standard deduction may deduct up to $1,000—or $2,000 for married couples filing jointly—in qualifying charitable cash contributions.
Bought A New Car? You May Be Able To Deduct The Loan InterestOctober 12, 2026 - 8:31 pm
A new federal tax deduction could allow eligible taxpayers to deduct up to $10,000 a year in interest paid on qualifying new-vehicle loans. But not every car or buyer qualifies.
New Education Freedom Tax Credit Begins In 2027: What Taxpayers Should KnowOctober 5, 2026 - 7:13 pm
A new federal tax credit beginning in 2027 could provide taxpayers with up to $1,700—or $3,400 for married couples filing jointly—for qualifying contributions to scholarship organizations.
Paid To Care For A Family Member? Here’s What the IRS Says About TaxesSeptember 28, 2026 - 5:01 pm
The IRS recently reminded taxpayers that family caregivers who are paid for their services may have income-reporting requirements, and the tax treatment can depend on whether the caregiver is considered an employee or is providing caregiving services as a business.
Received An IRS CP53E Notice? Here’s What It MeansSeptember 21, 2026 - 4:18 pm
Millions of taxpayers received unfamiliar IRS CP53E notices during the 2026 filing season. Here’s what the notice means, why it was sent and what to do if you receive one.
IRS Highlights Free Direct Pay Option Ahead Of September Estimated Tax DeadlineSeptember 14, 2026 - 7:51 pm
With the September 15 estimated-tax deadline approaching, the IRS is reminding taxpayers about a free way to make federal tax payments directly from a bank account.
2026 Child Tax Credit: What Families Need To KnowSeptember 7, 2026 - 9:26 pm
The Child Tax Credit remains an important tax break for families in 2026, but income limits, refundability rules and identification requirements can affect how much taxpayers receive.
IRS Proposes New Rules For Investments Held In Trump AccountsAugust 31, 2026 - 5:59 pm
New IRS guidance would establish limits on how Trump Account funds may be invested while beneficiaries are minors, including restrictions involving fund structure, fees and investment strategy. One provision could have a particularly important impact on how these accounts are managed when families do not make an investment choice.

You Don’t Have To Itemize To Deduct Charitable Donations In 2026

Bought A New Car? You May Be Able To Deduct The Loan Interest

New Education Freedom Tax Credit Begins In 2027: What Taxpayers Should Know

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