Recent Posts

• Trump’s New Auto Loan Tax Break: Who Qualifies?June 22, 2026 - 6:47 pm

  As higher car prices and elevated interest rates have driven up borrowing costs for millions of Americans, a new tax deduction signed into law may offer some relief for eligible buyers. Qualifying taxpayers can deduct interest paid on certain auto loans, potentially reducing their taxable income and lowering their federal tax bill.

• 401(k) Hardship Withdrawals Are At Record Highs: What They Really Cost YouJune 16, 2026 - 7:36 pm

  Financial experts warn that while 401(k) hardship withdrawals can provide emergency access to funds, they often come at a high cost. Alternatives such as 401(k) loans, credit cards, or home equity financing may be less damaging in the long run.

• Still Waiting On Your Tax Refund? The IRS Says Relief May Be Coming This MonthJune 8, 2026 - 5:43 pm

  Two groups are more likely to still be waiting for their tax refund: taxpayers who filed under extended deadlines and those whose refunds were delayed because of missing banking information. The delays also come during a tax season that has seen significantly larger refunds. However, according to the IRS, relief may be on the way this month.

• Tax Season May Be Over, But Many Seniors Are Still Getting Hit With Surprise Bills They Didn’t See ComingJune 1, 2026 - 8:14 pm

  Across the country, seniors are opening IRS notices, learning they owe additional taxes, or discovering penalties they never expected. The issue often stems from the increasingly complex nature of retirement income. Social Security benefits, pensions, retirement account withdrawals, investment earnings, and Medicare-related costs.

• IRS Raises 2026 Tax Brackets And 401(k) Contribution Limits, As House Backs Taxpayer Rights BillMay 25, 2026 - 1:07 pm

  For 2026, the IRS has raised federal income tax bracket thresholds and standard deductions to reflect inflation. The IRS also raised retirement contribution limits for 2026. Meanwhile, the House passed a bipartisan bill to pause refund deadlines and protect judicial review during IRS collection actions.

• IRS Sending More ‘Math Error’ Letters To Taxpayers: Don’t Panic — Here’s WhyMay 18, 2026 - 9:10 pm

  “Math Error Notices” are sent when the IRS believes a tax return contains a mathematical or clerical mistake. That could include simple calculation errors, missing information, incorrect tax credits, or income figures that do not match IRS records. What is changing now is the level of detail the IRS must provide.

• IRS May Owe You A Refund For COVID-Era Fines. Here’s How To ApplyMay 11, 2026 - 7:41 pm

  The IRS issued penalties for late tax filings, unpaid taxes, or missed estimated tax payments between January 2020 and July 11, 2023 during the COVID-19 pandemic. Millions of taxpayers may be eligible for refunds from those fines. However, relief is not automatic for most taxpayers and a claim must be submitted for a refund or penalty abatement by July 10.

• Five Things To Know About Trump’s New Retirement Plan — Including A $1,000 Government MatchMay 4, 2026 - 6:58 pm

  Roughly 54 million Americans lack access to an employer-sponsored retirement plan. And for most people personal discipline is not enough to build long-term savings. An executive order from President Trump aims to change that. Here are five key takeaways.