Tax Breaks
Latest
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Giving Money for a Wedding or Graduation? See if You Know These IRS Gift Tax RulesQuiz Can you separate fact from fiction when it comes to IRS rules about how much you can gift tax-free? Take our quiz.
By Kelley R. Taylor
Quiz -
New York 'POWER' Utility Rebates Are Coming: Who Gets a Check?State Tax Rebate checks offer quick relief, but New York budget shifts on childcare, tipped wages, and housing taxes could dictate your true cost of living in 2026.
By Kate Schubel
State Tax -
Could the New $6,000 Senior Bonus Tax Deduction Hurt Social Security?Tax Policy Analysis shows that a new tax break designed to help older adults could weaken what is now a key safety net for millions of retirees.
By Kelley R. Taylor
Tax Policy -
Why the IRS Can Reject Smartwatch Mileage LogsTech Tax As we hit the halfway point of 2026, it's time to audit your mileage log before Uncle Sam audits it for you.
By Kate Schubel
Tech Tax -
Standard Deduction 2026: How Much You Can Claim and Whether You Should ItemizeTax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor
Tax Breaks -
States That Don't Tax Pension Income in 2026Retirement Taxes More than a dozen states don't tax pension income regardless of your age or how much money you have.
By Gabriella Cruz-Martínez
Retirement Taxes -
Retired With Self-Employment Income? Don't Miss This Tax BreakSome retired taxpayers don't realize that premiums for Medicare and long-term care insurance may be deductible on their return. Here's what financial planners say you need to know.
By Sandra Block
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Key State Tax Changes for 2026 to Know NowTax Changes As a new year begins, taxpayers across the country are navigating a new round of state tax changes.
By Kelley R. Taylor
Tax Changes -
EV Charger Tax Credit: What You Need to Know for 2026Tax Credits Due to the new Trump tax bill, the federal EV charger tax credit for electric vehicle charging stations and equipment is going away sooner than initially planned.
By Kelley R. Taylor
Tax Credits
