Why Did the IRS Reject My Tax Return?
The IRS rejecting your tax return can feel scary. But thankfully, it’s usually nothing to be overly concerned about. Let’s…
Education Freedom Tax Credit: How the New Federal Scholarship Tax Credit Works
The Education Freedom Tax Credit (EFTC) is a new federal income tax credit for certain cash donations to approved Scholarship…
If Income from ESPP/ISO Shares Sold Appears on W-2, Do I Need to Adjust Basis from Form 1099-B?
At a glance: Employee stock transactions can produce ordinary compensation income, capital gains or losses, or both, depending on the…
Tax Breaks Students (and Parents) Can Claim This Year
Here’s an updated look at what the IRS considers qualified education expenses for tax year 2026, and what other tax…
Taxes After Leaving the Military: Avoid a Surprise Tax Bill
Leaving the military comes with plenty of changes, from starting a civilian job to figuring out your next move. Your…
2026 Tax Changes: What to Know Before You File
The biggest 2026 tax changes go beyond the usual inflation updates to tax brackets and deduction amounts. For the 2026 tax year…
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…
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…