Tax guidance and resources

Latest Articles

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

  If your income hits a specified level, you’re required to file a tax return. But it may make sense to file no matter what your income.

  7 min read Aug 23, 2025
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  Donation value guide: Calculate the value of your donated items for your taxes

  If you want to claim a tax deduction for your donations, you’ll need to place a value on each item. This valuation guide will help.

  4 min read Aug 23, 2025
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  What is the long-term capital gains tax?

  Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

  9 min read Aug 22, 2025
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  Standard deduction vs. itemized deduction: Pros, cons and how to decide

  You may have to do some math to choose between claiming the standard deduction and itemizing, but it’s worth the effort because you’ll save money on your taxes.

  4 min read Aug 22, 2025
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  Child and dependent care credit: How it works, who qualifies and how much it’s worth

  The child and dependent care credit can help parents recoup some of the steep costs of child care, and a new tax law increased how much this tax credit is worth.

  7 min read Aug 21, 2025
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  The adoption tax credit: How to qualify for the new $5,000 refundable credit

  The adoption tax credit can go a long way to reducing the costs of adopting a child. And now up to $5,000 of this tax credit is refundable.

  4 min read Aug 20, 2025
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  Estate tax: Tax rates, how it works and who pays

  When someone dies, the assets they leave behind are subject to the estate tax. But only if the estate’s total value exceeds a multimillion-dollar exemption amount.

  6 min read Aug 20, 2025
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  Bonus tax rate 2025: How bonuses are taxed

  Employers can choose one of two options when calculating taxes on your bonus. Here’s how bonuses are taxed, and how to lower your tax bill.

  5 min read Aug 19, 2025
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  CPA, enrolled agent, accountant: Who should you hire to do your taxes?

  There are many different types of tax preparers. Here’s how to decide whether a CPA, an enrolled agent, a tax accountant or another type of tax pro is best for you.

  6 min read Aug 19, 2025
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  2024-2025 tax brackets and federal income tax rates

  Knowing your federal income tax bracket can help you manage your money better. Here are the federal tax brackets and income tax rates for 2025 and 2024.

  9 min read Aug 14, 2025
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  There’s a new 1099-K threshold: What you should know if you get paid via Venmo, Cash App or PayPal

  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.

  3 min read Aug 05, 2025
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  5 states with the highest income tax rates — and 5 with the lowest

  Here are the 5 states with the highest income tax rates, and the 5 states with the lowest.

  4 min read Aug 01, 2025
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  2025 tax guide for expats: What you need to know about taxes if you live outside the U.S.

  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.

  5 min read Jul 31, 2025
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  If you’re a fan of sports betting or casino gambling, you won’t be a fan of the new tax law

  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.

  5 min read Jul 30, 2025
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  Charitable contributions: How to get a tax deduction for your donations

  You can get a tax break for charitable contributions of money and other items. Here’s what you need to know.

  7 min read Jul 30, 2025
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  How the IRS catches tax cheats: 3 ways your tax return may get flagged

  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.

  6 min read Jul 29, 2025
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  What is the kiddie tax, how does it work and who has to pay it?

  Here’s what you need to know about the kiddie tax, including how it works and who pays it.

  3 min read Jul 25, 2025
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  Trump’s ‘big, beautiful bill’: Here’s when key tax laws go into effect

  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.

  4 min read Jul 25, 2025
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  Trump’s new car loan interest deduction — here’s how to qualify for a tax break

  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.

  2 min read Jul 25, 2025
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  The additional child tax credit: What it is, who qualifies and how to claim it

  The additional child tax credit can mean an extra $1,700 in your pocket, if you qualify.

  4 min read Jul 24, 2025