Category Archives: Uncategorized
Child and Dependent Care Credit 2026: Requirements and How Much You Can Claim
The Child and Dependent Care Credit can help offset care expenses paid for a child or dependent so you can work or look for work. Learn how much you can claim, what expenses count, and how to file using Form 2441.
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Checking the Status of a Federal Tax Return
Waiting on your tax refund? Learn how to check your federal tax return status, track your refund with the IRS, and understand delays.
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9 Common Tax Mistakes That Cause Delays and Penalties
Common tax filing errors can delay your refund, trigger IRS notices, or lead to penalties. This guide explains the most common mistakes to avoid, including wrong names, missing income, incorrect direct deposit details, filing status errors, and missed credits.
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Want to rent out that spare bedroom? Here is how it may affect your taxes.
Renting out a spare room can create taxable rental income, but the rules depend on how many days you rent and where the property is located. This guide explains federal reporting rules, occupancy taxes, deductions, and what hosts should track before filing.
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Settling Your Back Taxes: Checklist
Back taxes can lead to penalties, interest, liens, levies, and other collection actions if left unresolved. This checklist explains what to gather before applying for an Offer in Compromise and what options may be available if you cannot pay the IRS in full.
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Charitable Giving Deduction 2026: How the One Big Beautiful Bill Changed the Rules
Charitable deduction rules changed for 2026, including a new deduction for taxpayers who take the standard deduction and a new 0.5% AGI floor for itemizers. This guide explains how charitable contributions are deducted, what limits apply, and how to claim the tax benefit you qualify for.
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Bitcoin and Cryptocurrency Taxes
Cryptocurrency is treated as property by the IRS, which means selling, exchanging, or using it can trigger capital gains or losses. This guide explains how Bitcoin and other digital assets are taxed, what forms to use, and what changed for the 2025 tax year.
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What Are Capital Assets, Gains and Losses? A 2026 Guide
Capital gains tax applies when you sell an investment or other capital asset for more than you paid, while investment losses may help offset gains. This guide explains short-term and long-term capital gains, 2026 tax rates, loss deductions, and how to report sales on Form 8949 and Schedule D.
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The Average IRA Balance for a Person Approaching Retirement in 2026
How does your IRA balance compare as retirement approaches? See the latest average and median retirement savings by age, including traditional and Roth IRA benchmarks for 2026.
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Are Trump Account Contributions Subject to Gift Tax? What the IRS Says
Trump Account contributions may qualify for the annual gift tax exclusion under new IRS safe harbor guidance for individual donors. This guide explains when Form 709 is not required, how the $19,000 annual exclusion applies, and what happens if gifts to a child exceed the limit.
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