Recent Posts
You Don’t Have To Itemize To Deduct Charitable Donations In 2026October 19, 2026 - 2:40 pmBeginning 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 pmA 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 pmA 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 pmThe 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 pmMillions 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 pmWith 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 pmThe 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 pmNew 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.
What Is A Silver IRA And How Does It Work?
Silver IRAs are approved by the Internal Revenue Service and are a great way to diversify your retirement savings. With a silver IRA, you can purchase physical silver coins and bars, or you can purchase silver ETFs or mutual funds.
What Happens If You Amend Your Tax Return?
Taxpayers may need to file an amended return if they discover that they made mistakes, such as failing to report income, claiming deductions or credits incorrectly, or making other errors that affect the amount of tax owed or the amount of refund due.
Time To Say Goodbye To Income Taxes? Examining The National Consumption Tax
The FairTax Act of 2023 proposes replacing current taxes with a national consumption tax.