Generally personal interest expense isn’t deductible. You might be able to deduct your car loan interest, but various rules and limits apply.
Continue readingHow Does the New Tax Deduction for Car Loan Interest Work?
Last-Minute Tax Strategy: Accelerating Deductions
Have you been claiming the standard deduction the last few years? If so, you may want to rethink that for 2025.
Continue readingThe Tax Implications of Remote Work
Remote work can offer advantages for both employers and employees. But it’s not without challenges, such as unexpected tax consequences.
Continue readingEnhanced SALT Tax Break Will Affect Many Homeowners
The One Big Beautiful Bill Act, enacted on July 4, will allow more taxpayers to fully deduct their state and local tax expenses…
Continue readingTax Breaks for Medical Expenses
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return.
Continue reading3 Family-Friendly Tax Benefits in the New Tax Law
The One, Big, Beautiful Bill Act (OBBBA) brings a wide range of tax changes, with several key updates designed to support families.
Continue readingSeniors May Be Eligible for a New Deduction
For 2025 through 2028, individuals age 65 and older may be able to claim a new senior deduction of up to $6,000, subject to income-based phaseouts.
Continue readingSeparated or Divorced? Know Your Tax Obligations
If a couple gets separated or divorced, it affects tax obligations.
Continue readingReasons and Rules for Filing an Amended Return
Once a tax return is filed, most people breathe a little easier. But it’s not uncommon to realize too late that something was left off a return, figures were misreported or some other error was made.
Continue reading10 Small Business Tax Tips from the IRS
To help ensure small businesses take advantage of all potential tax breaks, the IRS Taxpayer Advocate Service summarizes the types of tax…
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