Taxes
Latest Taxes News
Do Capital Gains Count as Income? Tax Definition and Examples
Capital gains count as taxable income and can affect your tax bracket, deductions and rates. They are taxed as short-term…
Can You Deduct Mortgage Interest on a Second Home?
Under the One Big Beautiful Bill Act of 2025, the mortgage interest deduction limits established by the Tax Cuts and…
SALT Write-Offs: Trump Tax Changes and Requirements
The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable…
Do You Have to Pay Taxes on Tips? Trump Tax Changes
Traditionally, all tip income was taxable, and workers had to report any cash tips exceeding $20 per month to their…
IRS Says It Will Not Change Withholding Tables Or Form W-2 In 2025, Despite The New Tax Law
If you were hoping for some guidance from the IRS with respect to changing your withholding to reflect the changes…
Can You Deduct Charitable Donations Without Itemizing Taxes?
For many taxpayers, the standard deduction makes it unnecessary to itemize. However, this also limits which deductions you can claim,…
HSA vs. FSA vs. HRA: Tax Benefits and Requirements
Health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) offer tax benefits. But each has its…
Trump Tax Plan Auto Deduction
Under the One Big Beautiful Bill Act interest paid on certain car loans would become tax-deductible. If you purchased a…
What Disqualifies You From the Earned Income Credit?
The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain conditions can make you ineligible.…
Do You Have to Pay Taxes on Rebates? Rules and Examples
When you score that great mail-in offer or discount, you might wonder: Do you have to pay taxes on rebates?…
