Recent Posts
Trump Accounts Aren’t Exactly ‘Tax-Free,’ As President Said. Here’s How They WorkMarch 9, 2026 - 9:32 pmCreated under the ‘Big Beautiful Bill’, the accounts will function similarly to a traditional IRA once a child turns 18, according to guidance issued in December by the U.S. Department of the Treasury and the IRS.
IRS Warns Americans About Tax Scams With New Fraud Reporting SystemMarch 2, 2026 - 9:08 pmThe IRS encourages both taxpayers and tax professionals to take additional steps to safeguard their financial and personal information. The agency has also introduced a new online tool designed to make reporting fraud easier and more secure.
Eight Tax Deductions For Homeowners Under The One Big Beautiful BillFebruary 23, 2026 - 8:13 pmThere are eight tax breaks for homeowners you’ll want to know about, updated for the 2026 tax year and reflecting changes from the One Big Beautiful Bill. Remember, these guidelines apply to the 2026 tax year, which you will file in 2027.
IRS Issues Stern Warning For Taxpayers Claiming Two Popular CreditsFebruary 16, 2026 - 8:48 pmThe IRS is warning taxpayers that refunds may be delayed if they claim two of the most popular credits available. If you’re expecting a refund that includes either of these credits, it’s important to factor in the potential delay when budgeting for the months ahead.
IRS Issues Advice To Millions Ahead Of Tax DeadlineFebruary 9, 2026 - 10:16 pmAccording to an official press release, the IRS urges taxpayers to create an Individual Online Account to securely access tax information and reduce the risk of identity theft. The account will also make managing federal taxes easier while saving time by reducing the need to call the agency.
Trump’s Tax Cuts: What Will Be Different When You File Taxes In 2026?February 2, 2026 - 7:32 pmAlthough many of the changes take effect in 2026, taxpayers will already notice meaningful differences when filing their 2025 tax returns. You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.
12 Tax Strategies Every Self-Employed Worker Needs In 2026January 26, 2026 - 5:22 pmFrom freelancers and creatives to skilled tradespeople, real estate agents, and niche consultants, self-employment spans nearly every industry. While working for yourself offers flexibility and opportunity, it also brings financial responsibility—especially when it comes to taxes.
IRS To Begin Accepting Tax Returns On Jan. 26: What Taxpayers Should KnowJanuary 19, 2026 - 7:54 pmAlthough federal tax returns are due April 15, taxpayers eager for their refunds can begin filing federal income tax returns on Jan. 26, 2026. Several major tax changes will affect the 2025 returns following the passage of Republicans’ “Big, Beautiful Bill Act”.
IRS Says Average Tax Refund Is 11% Smaller Than Last Year – Here’s Why
The Internal Revenue Service is reminding taxpayers to brace for a smaller refund this year. The average refund check so far this year is worth $2,933 – about 11% lower compared to the $3,305 average recorded last year.
Tax Credits vs. Tax Deductions
The IRS calculates tax deductions and credits differently, and the impact on your return can vary. A tax credit reduces your tax liability dollar for dollar. A tax deduction reduces your taxable income.
13 Weird Things The IRS Considers Taxable, From Bribes To March Madness Pools
It may be obvious to everyday taxpayers that they must report their wages, but few likely realize the feds also expect a cut of their profits from more under-the-radar ways of accruing income.