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Bottles, Diapers, and 7 Tax Benefits: Life with a Newborn

Updated for tax year 2025. There’s no doubting it — having kids is expensive. Between paying for diapers, daycare, and…

Meghen Ponder

7 Tax Credits and Deductions Parents Need to Know

Updated for tax year 2025. Your little bundle of joy may tap into your pocketbook throughout the year, but at…

TaxAct

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…

Meghen Ponder

Family Loans: Does the IRS Care If I Lend My Kids Money?

Updated for tax year 2025. Being a parent often involves lending money to your kids throughout their lives. Maybe you're…

Meghen Ponder

Phantom Income: What It Is and How to Avoid Phantom Taxes

There’s one type of income you won’t see on your paycheck but could still impact your tax bill: phantom income.…

Meghen Ponder

What Happens When the IRS Commissioner Is Replaced?

When headlines talk about an IRS firing or the IRS commissioner being fired or replaced, it’s easy to wonder what…

Meghen Ponder

IRS Opening Date 2026: How Delays Affect Filing and Refunds

January 2026 update: The IRS has now announced Jan. 26, 2026, as the official tax season opening date. Tax season…

Meghen Ponder

5 Tax Tips for Homeowners

Updated for tax year 2025. Owning a home comes with numerous benefits, and one of them is the opportunity to…

Meghen Ponder

5 Ways to Avoid Bumping Your Income into a Higher Tax Bracket

Updated for tax year 2025. If your income level fluctuates from year to year, you may find yourself paying more…

Meghen Ponder

Estate Tax vs. Inheritance Tax FAQs: Understanding the Death Tax

Planning for what happens after you are gone is never an easy topic, but it’s an important one. Whether you’re…

Meghen Ponder