Tax Breaks

Taxes in Retirement: How All 50 States Tax Retirees
Tax Breaks

Taxes in Retirement: How All 50 States Tax Retirees

We rated every state, plus the District of Columbia, on how retirees are taxed. Some of the results might surprise you.
September 23, 2022
Hurricane Fiona: Tax Relief Available for Puerto Rico Victims
Tax Breaks

Hurricane Fiona: Tax Relief Available for Puerto Rico Victims

FEMA's recent disaster declaration opens the door for extended federal tax filing and payment deadlines for victims of Hurricane Fiona in Puerto Rico.
September 20, 2022
Save More on Green Home Improvements Under the Inflation Reduction Act
Tax Breaks

Save More on Green Home Improvements Under the Inflation Reduction Act

Tax credits for energy-efficient home improvements are extended and expanded by the Inflation Reduction Act.
September 16, 2022
EV Tax Credits Are Changing: What’s Ahead
Tax Breaks

EV Tax Credits Are Changing: What’s Ahead

The Inflation Reduction Act—a multi-billion-dollar tax, climate, healthcare, and energy law—makes key changes to electric vehicle tax credits—some tha…
September 14, 2022
The Federal Tax Credit for Electric Vehicle Chargers is Back
Tax Breaks

The Federal Tax Credit for Electric Vehicle Chargers is Back

The Inflation Reduction Act revives the federal tax credit for electric vehicle charging stations and EV charging equipment that had expired in 2021—w…
September 14, 2022

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Defusing the Retirement “Tax Bomb” with David McClellan
Tax Breaks

Defusing the Retirement “Tax Bomb” with David McClellan

If you’ve dutifully socked away money in a 401(k) or IRA for years, you could be in for an unpleasant shock when it comes time to take money out of th…
September 12, 2022
Big Changes to the Saver's Credit Could Be on the Way
Tax Breaks

Big Changes to the Saver's Credit Could Be on the Way

Congress is considering legislation that would turn the Saver's Credit into a government match to your retirement plan contributions.
September 9, 2022
Saver's Credit: A Retirement Tax Break for the Middle Class
Tax Breaks

Saver's Credit: A Retirement Tax Break for the Middle Class

If your income isn't too high, the Saver's Credit can help lower your tax bill if you contribute to a retirement account now.
September 9, 2022
Arizona Storm Victims Get More Time to Pay Taxes
Tax Breaks

Arizona Storm Victims Get More Time to Pay Taxes

Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent severe storms in Arizona.
September 9, 2022
Mississippi Water Crisis Victims Get Tax Relief from IRS
Tax Breaks

Mississippi Water Crisis Victims Get Tax Relief from IRS

Upcoming tax filing and payment deadlines are extended for residents and businesses impacted by the Mississippi water crisis.
September 7, 2022
Will a Gas Tax Holiday or Suspension Lower Gas Prices Near You?
Tax Breaks

Will a Gas Tax Holiday or Suspension Lower Gas Prices Near You?

One way to bring down the price of gasoline is to establish a gas tax holiday. But will Uncle Sam, or your state government, suspend the gas taxes tha…
September 2, 2022
The Inflation Reduction Act and Taxes: What You Should Know
Tax Breaks

The Inflation Reduction Act and Taxes: What You Should Know

President Biden signed the Inflation Reduction Act—a climate, energy, healthcare, and tax law that increases IRS funding, and changes some tax policy …
August 30, 2022
Bonus Tax Refunds Will Be Sent Soon – Will You Get a Check from the IRS?
Tax Breaks

Bonus Tax Refunds Will Be Sent Soon – Will You Get a Check from the IRS?

The IRS is sending more than $1.2 billion in tax refunds to people and businesses hit with late-filing penalties during the pandemic.
August 26, 2022
13 Tax Breaks for Homeowners and Home Buyers
Tax Breaks

13 Tax Breaks for Homeowners and Home Buyers

Owning (or buying) a home is expensive. But at least there are some tax deductions, credits, and exclusions that can help you recoup some of those cos…
August 20, 2022
Inflation Reduction Act Boosts Obamacare Tax Credit
Tax Breaks

Inflation Reduction Act Boosts Obamacare Tax Credit

Enhancements to the premium tax credit are extended for three more years under the Inflation Reduction Act.
August 17, 2022
New Abortion Law Changes Tax Deductions
Tax Breaks

New Abortion Law Changes Tax Deductions

Georgia's abortion law could change the way that some states and people think about dependent tax deductions.
August 12, 2022
Tax Due Dates Pushed Back for Missouri Storm and Flood Victims
Tax Breaks

Tax Due Dates Pushed Back for Missouri Storm and Flood Victims

The IRS is extending tax filing and payment deadlines for taxpayers affected by the recent storms and flooding in Missouri.
August 12, 2022
Montana Storm and Flooding Victims Get More Time to Pay Taxes
Tax Breaks

Montana Storm and Flooding Victims Get More Time to Pay Taxes

Certain tax filing and payment deadlines are extended for residents and businesses impacted by the Montana severe storms and flooding that started in …
August 5, 2022
New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes
Tax Breaks

New Mexico Wildfire and Wind Victims Get More Time to Pay Taxes

Certain tax filing and payment deadlines are extended for residents and businesses impacted by the recent wildfires and straight-line winds in New Mex…
August 5, 2022
Tax-Free Weekend for Back-to-School Shopping
Tax Breaks

Tax-Free Weekend for Back-to-School Shopping

Fight inflation with a tax-free weekend. Twelve states are holding (or starting) sales tax holidays this weekend!
August 5, 2022
Tax Relief Available for Kentucky Storm and Flood Victims
Tax Breaks

Tax Relief Available for Kentucky Storm and Flood Victims

Upcoming tax filing and payment deadlines are extended for residents and businesses impacted by the Kentucky storms and flooding that started in July.
August 3, 2022
Abortion and Taxes: What Happens Now Without Roe v. Wade?
Women & Money

Abortion and Taxes: What Happens Now Without Roe v. Wade?

See how abortion-related medical expense deductions, HSA and FSA payments, employer-provided travel, and charitable contributions will be handled now …
August 2, 2022
Home Office Deduction: Can You Claim This Tax Break If You Work from Home?
Tax Breaks

Home Office Deduction: Can You Claim This Tax Break If You Work from Home?

If you're working from home, your employment status determines whether you can claim the home office deduction on your tax return.
July 20, 2022
Tax Deadlines Extended for Victims of Storms, Tornadoes and Flooding in Oklahoma
Tax Breaks

Tax Deadlines Extended for Victims of Storms, Tornadoes and Flooding in Oklahoma

FEMA's recent disaster declaration opens the door for extended federal tax filing and payment deadlines for victims of the May storms, tornadoes, and …
July 7, 2022
Retirees, Make These Midyear Moves to Cut Next Year's Tax Bill
Tax Breaks

Retirees, Make These Midyear Moves to Cut Next Year's Tax Bill

Save money next April by making these six hot-as-July tax moves.
July 1, 2022
IRS Increases Mileage Rates Because of High Gas Prices
Tax Breaks

IRS Increases Mileage Rates Because of High Gas Prices

The higher mileage rates, which are used to calculate certain tax deductions for business and other uses of a car, took effect on July 1.
July 1, 2022