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Tax guidance and resources

Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.

Explore tax basics

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Do I have to file taxes? Here’s how to figure out if you should file a tax return

Taxes
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Donation value guide: Calculate the value of your donated items for your taxes

Taxes
What is the long-term capital gains tax?

What is the long-term capital gains tax?

Investing
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Standard deduction vs. itemized deduction: Pros, cons and how to decide

Taxes

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Latest articles

Small-business owner doing inventory in his boutique.
The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.
Pennsylvania Welcomes You road sign at the state border.
A growing number of states are moving to a flat tax system to collect income taxes. That can be good news for taxpayers, but there are potential downsides.
The entrance to a Social Security office in Houston, Texas.
Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may not like it.
Man sitting at home, at his laptop, working on his finances.
These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.
A family removes items from their home in the aftermath of Hurricane Helene on Sept. 30, 2024 in Old Fort, North Carolina.
When disaster strikes, taxes may be the last thing on your mind. But the casualty loss deduction can offer much-needed financial relief.
Hairdresser working on a client's hair in a salon.
New tax breaks on tip income and overtime pay go into effect this year. Event planners, hairdressers, handymen and Uber drivers are among those who qualify for no tax on tips.
Serious woman working on laptop.
In many cases, keeping tax records for three years is long enough, but there are a few exceptions.
Illustration of a clock with a post-it note on it that says "tax time!"
The Oct. 15 tax deadline is coming up fast for anyone who filed an extension. Here are 4 tips to help you get ready to file your tax return.
A checklist of tax documents
Don’t miss these important tax statements, which will arrive via email or snail mail.
How to set up a payment plan with the IRS
Setting up a payment plan with the IRS is easy to do in most situations, and it can save you money in the long term.
How to file a Form 1040-X to correct a mistake on your tax return
If you made a mistake on your tax return, Form 1040-X will help you fix it.
Underpayment penalty: What it is, how to avoid it
You may get hit with an IRS underpayment penalty if you don’t pay enough in taxes throughout the year. Here’s how to avoid it.
Earned income tax credit: What it is, how to claim it
This popular tax break can be worth up to $8,046 for some families in 2025, but it can be tricky to claim.
Home office deduction: Who's eligible and how it works
The home office tax deduction can trim your tax bill, if you qualify for it.
Is it better to file as married filing separately or married filing jointly
Should you file your taxes as “married filing jointly” or “married filing separately?” Here’s how to decide.
When are taxes due? Tax deadlines for 2024-2025
The deadline for filing your 2024 tax return is April 15, or Oct. 15 with an extension.
Pennsylvania Welcomes You road sign at the state border.
A growing number of states are moving to a flat tax system to collect income taxes. That can be good news for taxpayers, but there are potential downsides.
The entrance to a Social Security office in Houston, Texas.
Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may not like it.
Hairdresser working on a client's hair in a salon.
New tax breaks on tip income and overtime pay go into effect this year. Event planners, hairdressers, handymen and Uber drivers are among those who qualify for no tax on tips.
Illustration of a clock with a post-it note on it that says "tax time!"
The Oct. 15 tax deadline is coming up fast for anyone who filed an extension. Here are 4 tips to help you get ready to file your tax return.
Mother picking up small daughter from school, embracing in front school building.
It’s back-to-school season, and expenses add up fast. These state and federal tax breaks can help.
Girl with braided hair writing in book while sitting at desk with students in classroom.
A new $1,700 tax credit will be available in 2027 for donations aimed at helping private school students.
Flower shop owner using digital tablet at counter.
The “big, beautiful bill” changed the reporting thresholds for 1099-Ks. Here’s what you should know if you get paid through Venmo, PayPal, Cash App or another payment app.
Illustration that shows a state highway sign with the words "income tax" and dollars floating in the sky around it.
Here are the 5 states with the highest income tax rates, and the 5 states with the lowest.