Tax guidance and resources

The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.

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.

Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may not like it.

These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.

When disaster strikes, taxes may be the last thing on your mind. But the casualty loss deduction can offer much-needed financial relief.

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.

In many cases, keeping tax records for three years is long enough, but there are a few exceptions.

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.

The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.

These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.

When disaster strikes, taxes may be the last thing on your mind. But the casualty loss deduction can offer much-needed financial relief.

In many cases, keeping tax records for three years is long enough, but there are a few exceptions.

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.

With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.

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.

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.

Here are the five states that charge an inheritance tax.

These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you do it right.

President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.

The IRS is opening its Free File program on Jan. 10 this year. Here’s how to qualify.

The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed to claim [...]

Trump’s plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.

These four year-end tax strategies can help trim your taxes for 2024 and beyond.

Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.