Recent Posts
Still Waiting On Your Tax Refund? The IRS Says Relief May Be Coming This MonthJune 8, 2026 - 5:43 pmTwo 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 pmAcross 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 pmFor 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 pmThe 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 pmRoughly 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.
This New Tax Plan Could Wipe Out Federal Income Taxes For MillionsApril 27, 2026 - 6:14 pmThe Working Americans’ Tax Cut Act could eliminate federal income taxes for millions and reduce them for many more. While still just a proposal, it highlights a growing push to use tax policy to address rising living costs.
Now That You’re Done With Your Taxes, Here’s What To Know For 2026April 20, 2026 - 7:28 pmWhile the 2025 filing year has wrapped up for most people, recent tax law changes—some introduced last summer and others already in effect—are still shaping how you should approach the year ahead. Here are the key moves to consider for 2026.
This Charitable Giving Strategy ‘Almost Always’ Provides The Biggest Tax Break, Advisor Says
Qualified charitable distributions, or QCDs, are direct transfers from an individual retirement account to a non-profit organization. Additionally, retirees can give more in 2024, according to the IRS. Financial experts say this is a key move to maximize a tax break.
Tax Deductions 2024: What Can I Deduct and How Do They Work?
The Internal Revenue Service offers scores of deductions to help you keep more of your earnings in your pocket. With a filing deadline of April 15, 2025, here’s what you need to know about deductions for tax year 2024.
How You Could Benefit from Tax-Loss Selling This Year
It’s important to note that tax-loss selling is only a worthwhile strategy if you have taxable accounts. As 2024 winds down, here are some of the most fruitful spots to look for tax-loss candidates.