Tax Breaks
Latest
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Overtime Pay Deduction: What Workers Need to Know for Tax SeasonIncome 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 2026State 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 -
Types of Income the IRS Doesn't TaxIncome Tax It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.
By Kelley R. Taylor
Income Tax -
11 Overlooked Tax Deductions and Credits That Can Help Lower Your Tax Bill in 2026Tax Breaks Don’t miss these often overlooked tax deductions and credits when you file your tax return this year.
By Kate Schubel
Tax Breaks -
No Tax on Tips? How the New Tip Deduction Actually WorksIncome Taxes Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on qualified tips. Here’s what you need to know and how to claim it.
By Kelley R. Taylor
Income Taxes -
5 Trump Tax Bill Changes Homeowners Need to Know NowTax Changes Trump’s new tax legislation is reshaping how tax breaks for homeowners work.
By Gabriella Cruz-Martínez
Tax Changes -
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who 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 -
QCD Limit, Rules and How to Lower Your 2026 Taxable IncomeTax Breaks A QCD can reduce your tax bill in retirement while meeting charitable giving goals. Here’s how.
By Kate Schubel
Tax Breaks
