Tag Archive for: deductions

Tax Refunds 10.2% Higher Than Last Year, With An Average Refund Of $3,800

Even though 2025 has ended, you still have time to potentially increase your refund or reduce the taxes you owe before the April 15 deadline. There are a few strategies to consider.

Trump’s Tax Cuts: What Will Be Different When You File Taxes In 2026?

Although 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.

What Are Your Chances Of An IRS Audit? 15 Audit Red Flags To Know Before You File

Most taxpayers can relax. In recent years, the IRS has audited well under 1% of individual tax returns, and that figure is expected to decline further. That said, audits haven’t disappeared. Here are 15 common audit red flags to be aware of.

Trump Promises ‘Largest Tax Refund Season Of All Time.’ What You Can Expect

Citing changes enacted for the 2025 tax year under his 'Big Beautiful Bill', President Trump says next spring is projected to be the largest tax refund season of all time, However, experts caution that refund amounts will vary based on how much tax individuals paid in 2025 and which provisions of the new law apply to their personal situations.

How New Tax Laws Might Help You Keep More Money In Your Paycheck This Year

The “One Big, Beautiful Bill” introduced several new tax breaks and expanded others, which will likely lower 2025 tax bills or increase refunds for many taxpayers. Because of this, some people may want to adjust the amount they have withheld from their final paychecks of the year.

How The ‘One Big Beautiful Act’ Changes The Business Interest Expense Limitation

Given the significant role of debt financing in real estate ventures, understanding and planning around these updates is essential to maximize tax efficiency.