Tax Breaks
Latest
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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 and 2027: How Much Can You Claim?Tax 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 -
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 -
Companies Are Pausing 401(k) Matches in 2026: What It Means for Your Taxes and Retirement SavingsRetirement Savings Some employers are suspending or scaling back retirement contributions, leaving workers with new questions about savings, taxes, and long-term planning.
By Kelley R. Taylor
Retirement Savings -
Congress Is Talking About a Federal Gas Tax Holiday: How Much Will Drivers Really Save?Gas Prices As calls grow to suspend the federal gas tax, analysts say drivers may see only limited relief at the pump.
By Kelley R. Taylor
Gas Prices -
Quiz: Is Your 2026 Income Actually Taxable?Quiz Test your knowledge of IRS rules with our taxable income quiz.
By Kate Schubel
Quiz
