
New charitable giving tax deduction worth up to $2,000 is coming soon, and you don’t have to itemize
Millions of taxpayers will soon benefit from a new above-the-line tax deduction worth up to $2,000 for qualified charitable contributions.
Andrea Coombes, a tax editor at Bankrate, translates complex personal finance topics into understandable language that helps people live their best financial lives. She’s a CERTIFIED FINANCIAL PLANNER™ and over the past 25 years has worked as a financial coach, personal finance writer and editor, and volunteer tax preparer.
Her work has been published in The Wall Street Journal, USA Today, MarketWatch and many newspapers nationwide. She's been interviewed on local and national TV and radio, including NPR's All Things Considered, CBS News, NASDAQ and Marketplace.
Andrea has moderated panels on how to invest for retirement, how to use 529 college savings plans and more, and she's an experienced personal-finance speaker who has presented to groups on a variety of topics such as how to budget, improve credit, manage debt, and build savings. She's also worked as a personal financial coach and certified consumer credit counselor, helping people reach their goals. For two tax seasons, she worked a volunteer tax preparer.
A lot of people are nervous about doing their taxes, and about managing their money in general. I'm here to say: It's not rocket science. There are small steps each of us can take to slowly start moving towards our long-term goals. We can do this, people.
— Andrea Coombes, CFP®
Paying attention to short-term capital gains tax rates can help you save money in the long run.
There are a lot of reasons to love Roth IRAs, but the tax rules governing them are complex. Here’s what you should know.
The consequences of not filing your tax return vary depending on whether you owe a tax bill or are expecting a tax refund.
Net income is gross income with some items subtracted. This financial term has relevance for businesses and individuals.
The child and dependent care credit can help parents recoup at least some of the steep costs of child care.
Only a handful of states levy an inheritance tax, but it’s important to understand how it works and how it differs from the estate tax.
Trump has launched an all-out trade war. Here’s the latest on what’s happening with tariffs — and what it all means for your wallet.
OASDI tax is another name for the Social Security taxes that are withheld from our paychecks and sent to the IRS.