Taxes

Latest News

Residential Clean Energy Credit 2025: how much is it, what requirements, who qualifies, and how to claim the Solar Tax Credit?

The Residential Clean Energy Credit allows qualifying homeowners to claim 30% of the cost of eligible clean energy installations on their tax return.

Standard deduction in 2025 for single: How much can I deduct depending on my income and filing status?

Understanding the 2025 standard deduction: A guide for singles and other filing statuses

New York is handing out a child bonus of up to $1,800 to low-income families – Here are the requirements to get it in...

Find out if you're eligible for the New York Child bonus for low income families

Are grocery stores open on Memorial Day 2025? These are the hours of Sam’s Club, Aldi, Kroger, Target, Walmart, Costco…

What’s open and what’s not: Memorial Day grocery store hours for Walmart, Costco, Aldi, Target, and more.

IRS Form 8889 in 2025: what is it, instructions, how to fill it out, and where to apply to Health Savings Accounts (HSAs)

Understanding IRS Form 8889: A guide to managing your health savings account

If you’re looking for tax breaks, these are the states where you’re taxed the least – Check out the list to be smarter besides...

Maximize your retirement income: explore states that don't tax social security benefits.

SALT Deduction on IRS: Can I deduct state and local taxes on my federal return?

The state and local tax (SALT) deduction allows US taxpayers to deduct certain state and local taxes on their federal returns. 

IRS Form 1040 Schedule A Itemized Deductions: what is it, instructions, how to fill it out, and where to apply

The IRS Form 1040 Schedule A, known as “Itemized Deductions,” is an important tool for taxpayers who want to claim deductions individually instead of taking the standard deduction.

IRS Form 56 in 2025: what is it, instructions, how to fill it out and where to apply for Notice Concerning Fiduciary Relationship

Step-by-step guide to IRS Form 56: what it is, how to complete it, and where to file for fiduciary relationships

IRS Form 1040 Schedule B Interest and Ordinary Dividends: what is it, instructions, how to fill it out, and where to apply

Navigating the Tax Implications of Seller-Financed Mortgages: How IRS Form 1040 Factors Into Your Filing

IRS Form 1099-B in 2024: what is it, instructions, how to fill it out and where to apply for Proceeds from Broker Transactions

A simple guide to understanding and completing IRS Form 1099-B for broker transactions in 2024

IRS Tax Withholding Estimator: handy online tool to ensure your withholding is correct and make filing for 2025 easier next year

Avoid tax-time surprises by adjusting your withholding early with the IRS’s free online estimator

Capital One $425 million bait-and-switch settlement: eligibiity and explanation for former and existing customers

Why Capital One is paying $425 million to customers over savings account interest rates—and how to find out if you're eligible for a payout.

IRS triumphs – mostly – over Facebook in $9 billion unpaid tax case over Irish arrangement

U.S. tax court backs IRS valuation methods in Meta’s Irish subsidiary dispute but faults key calculation inputs

Summary of President Trump’s one big beautiful bill that has now passed the House 

A closer look at what’s inside Trump’s massive new bill—tax breaks, border funding, Medicaid changes, and more—now headed to the Senate.

June 16 IRS tax filing deadline looms for these taxpayers

U.S. citizens and resident aliens living abroad face a June 16 deadline to file their 2024 federal taxes—here’s what you need to know to avoid penalties.

Does McDonald’s accept SNAP benefits, and can I use my EBT card for same-day delivery services?

Understanding When and How You Can Use SNAP or TANF Benefits at McDonald’s and Whether EBT Works for Delivery Services

Good news from Social Security and IRS – Children of non-citizens may be eligible for a $1,000 ‘MAGA’ tax benefit account

Here is what the new MAGA account proposal means for immigrant families and how to know if your child qualifies

Goodbye to tax on tips: senate passes major tax break for tipped workers

Federal legislation aims to ease the tax burden on service industry employees.

Must Read