Tax Breaks
Latest
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In Arkansas and Illinois, Groceries Just Got Cheaper, But Not By Much
Food Prices Arkansas and Illinois are the most recent states to repeal sales tax on groceries. Will it really help shoppers with their food bills?
By Roxanne Bland
Food Prices -
Home Office Tax Deduction: Work From Home Write-Offs to Know
Tax Breaks Can you claim the home office tax deduction this year?
By Rocky Mengle
Tax Breaks -
7 Overlooked Tax Deductions for the Self-Employed
Tax Breaks If you've recently gone into business for yourself, don't miss these sometimes overlooked credits and tax deductions for the self-employed.
By Kevin McCormally
Tax Breaks -
Earned Income Tax Credit (EITC) 2025 and 2026: How Much Will You Get?
Tax Credits The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.
By Gabriella Cruz-Martínez
Tax Credits -
Tax Benefits of Hiring Your Kids Plus IRS Rules to Follow
Tax Breaks Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some rules you need to know — and follow.
By Kelley R. Taylor
Tax Breaks -
SALT Deduction Changes: Three Key Tax Points to Know Now
Tax Deductions Changes to the state and local tax (SALT) deduction in the so-called 'big beautiful bill' have put this tax break in the spotlight.
By Kelley R. Taylor
Tax Deductions -
Overtime Pay Deduction: What Workers Need to Know for Tax Season
Income Tax Donald Trump’s proposal to eliminate overtime tax has ignited chatter.
By Kelley R. Taylor
Income Tax -
Can I Deduct My Pet On My Taxes?
Tax Deductions Your cat isn't a dependent, but your guard dog might be a business expense. Here are the IRS rules for pet-related tax deductions in 2026.
By Kate Schubel
Tax Deductions -
9 States Without Income Tax in 2026
State Tax Your hard-earned money is safe from state income tax if you live in one of these states but watch out for other state and local taxes.
By Gabriella Cruz-Martínez
State Tax
