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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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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.
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.
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.
Serious woman working on laptop.
In many cases, keeping tax records for three years is long enough, but there are a few exceptions.
A couple is deeply involved in their financial planning as they work together, using a laptop, and reviewing various documents.
The AMT, or alternative minimum tax, has its own set of tax rates and rules. Here’s how it works, how to calculate your bill, and the changes coming in 2026.
Illustration showing clear glass piggy bank with a diploma, a stethoscope and money inside.
With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.
Illustration showing an envelope with the word unemployment on it starting to catch fire.
Your unemployment benefits generally are taxable at the federal level, but your state may or may not give you a tax break. Here’s what you should know.
Illustration showing a sign with different arrows pointing to single, head of household and married, sitting on top of a stack of tax forms.
Picking the best filing status for your situation — whether that’s single, head of household, married filing jointly or separately, or surviving spouse — can save you money at tax time.
Illustration that includes a globe and a book titled tax guide for expats.
The reach of the IRS is long: Even if you live abroad, you’ll usually still need to file a U.S. tax return. But there are ways to reduce or even avoid a U.S. tax bill.
Illustration showing sports and betting.
The huge new tax law limits the ability to deduct losses from sports betting and other types of gambling. Here’s what you need to know.
Illustration showing rolls of dollar bills under an IRS trap.
It might be tempting to underreport your income or tilt the value of tax deductions in your favor. But the IRS has its methods for catching people who cheat.
President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South Lawn of the White House on July 04, 2025 in Washington, DC.
The “big, beautiful bill” offers many new tax breaks, but some are temporary, and they have varying start dates. Check out our timeline of key tax provisions.
Car salesman showing a new car to a customer in a dealership.
The new car loan interest deduction can reduce your taxable income by as much as $10,000 a year, but you’ll need to buy a new luxury vehicle to get the full benefit.
Girl with backpack holding her mother's hand and going to school.
Many states offer sales tax holidays, during which they waive sales tax on clothes, computers, school supplies and more.
Young couple planning their finances together.
Property taxes are a major cost of homeownership. Here are the 10 states with the highest property tax rates, and the 10 states with the lowest rates.
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Taxes are complex. Avoid these tax pitfalls to keep more money in your pocket.