Understanding Adjusted Gross Income (AGI)
Updated for tax year 2026. Adjusted gross income (AGI) is your total taxable income minus certain adjustments to income. AGI…
Why Is My Tax Refund Smaller This Year?
Updated for tax year 2025. Was your tax refund smaller than you expected — or smaller than last year's? Here's…
Living Paycheck to Paycheck? 6 Practical Ways to Handle Inflation
As inflation and the cost of living continue to outpace wage growth, more Americans are struggling to make ends meet.…
Is Unemployment Compensation Taxable Income?
Unemployment benefits can be a vital support for those experiencing unexpected job loss. If you received unemployment compensation for the…
Is Canceled Debt Taxable?
Updated for tax year 2025. If a creditor cancels your debt, that’s good news, right? Such cancellation of debt usually…
How a Summer Job Affects Your Taxes
A summer job is a great way to add extra money to your bank account. Whether you’re a cash-strapped student, a…
Important Tax Dates and Deadlines in
Updated for tax year 2024. Get ready to mark these important dates on your calendar. Here are the most important…
2024 Tax Changes: What You Need to Know
Every year brings new tax law changes to keep American taxpayers on their toes, and 2024 is no different. From…
Do I Need to File Taxes?
Not every American taxpayer must file a tax return, even if you earned taxable income during the year. Let’s review…
8 Back-to-School Shopping Tricks to Save Moms and Dads Money
Back-to-school shopping can put a serious dent in your bank account, and rising prices aren't exactly helping matters. Before you…
Top Inflation Changes for Tax Year 2023
While there is no escaping inflation, the IRS adjusts certain tax numbers every year to account for reduced purchasing power.…
Tax Filing 101: 7 Things That Can Impact Your Tax Refund
It’s time to review some important tax basics before the upcoming tax season. Here are seven things to keep in…
Inflation Rate Calculator
High inflation got your stress levels up? Here are some savings and investment strategies you can use as an inflation…
Tax Basics for Teens: Filing Your First Tax Return
Updated for tax year 2026. Teens may need to file a federal income tax return depending on how much and…
How to Use IRS Form 8949 for Capital Gains and Losses
Updated for tax year 2026. If you’ve sold stocks, cryptocurrency, real estate, or other investments in the past tax year…
IRS Extends Tax Deadlines in Some States Due to Natural Disasters
Last updated Oct. 7, 2026. The Internal Revenue Service (IRS) has announced tax relief for taxpayers in areas impacted by…
Can I Report My Child’s W-2 on My Tax Return?
Your child has started earning their own money, but you’re still claiming them as a dependent on your federal income…
Bonus Depreciation: What It Is and How to Claim It
Updated for tax year 2026. Being a small business owner can come with valuable tax breaks, but sometimes, navigating the…
The 1099-K Reporting Thresholds: What You Need to Know
Updated for tax year 2026: Under the One Big Beautiful Bill (OBBB), the federal Form 1099-K reporting threshold remains more…
Are Daycare Expenses Tax-Deductible? Understanding the Child and Dependent Care Credit
Raising kids or caring for a dependent isn’t cheap — especially when you’re juggling work or school on top of…
Gift Tax: The Tax Implications of Supporting Adult Children
Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or…
Itemized Deductions vs. Above-the-Line Deductions
Updated for tax year 2026. You probably know that claiming income tax deductions reduces your taxable income. But did you know that…