Tax guidance and resources

Latest Articles

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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 Jul 12, 2025
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  Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long

  Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.

  5 min read Jul 11, 2025
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  6 ways the new tax law could reduce your 2025 taxes

  The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on taxes this year.

  5 min read Jul 11, 2025
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  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.

  3 min read Jul 11, 2025
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  There’s a new ‘bonus’ tax deduction worth $6,000 for older taxpayers — here’s who qualifies

  The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.

  3 min read Jul 10, 2025
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  SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break

  The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.

  4 min read Jul 09, 2025
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  Electric vehicle (EV) tax credit hits a dead end under Trump’s megabill

  The valuable electric vehicle tax credit for new and used EVs is set to end after September. Here’s how these credits work and who qualifies.

  3 min read Jul 07, 2025
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  Trump signs massive megabill into law — here’s what it means for your money

  President Trump’s sweeping new tax law includes many provisions that go into effect in 2025. Here’s what you should know.

  6 min read Jul 05, 2025
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  No tax on tips and overtime: Here’s how your taxes may shrink

  New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed into law on July 4. But some workers may not see any benefit.

  4 min read Jul 04, 2025
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  Marginal tax rate: What it is and how to find yours

  In a progressive tax system like ours, more than one tax rate applies to your income. Your marginal rate is your top tax rate.

  5 min read Jul 02, 2025
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  Estimated tax payments: How much you need to pay, and when

  If you’re self-employed, you’ll need to make estimated tax payments. Here’s how to figure out how much you owe and when it’s due.

  4 min read Jul 02, 2025
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  Senate’s ‘big beautiful’ bill trims popular tax breaks — 4 ways it could impact your taxes  

  U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s version of the “big, beautiful” act challenging the House version of the bill on some key provisions.

  4 min read Jul 01, 2025
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  Standard deduction in 2024 and 2025: How much it is, how it works and when to claim it

  The standard deduction is a valuable tax benefit, and one of the easiest to claim. Here’s what you need to know.

  5 min read Jun 30, 2025
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  Excise tax: What it is and how it works

  Excise taxes apply only to specific products. They may be charged either as a percentage of a sale or on a per-unit basis.

  3 min read Jun 30, 2025
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  7 ways to lower your taxable income this year — and trim your 2025 tax bill

  If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.

  4 min read Jun 30, 2025
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  Consumption tax: What it is, how it works and why it matters

  A consumption tax applies to the purchase of a good or service. Sales taxes are a type of consumption tax.

  3 min read Jun 30, 2025
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  These 9 states have no income tax — that doesn’t always mean you’ll save money

  These 9 states have no income tax, but before you move there, keep in mind that taxes shouldn’t be your only consideration.

  7 min read Jun 29, 2025
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  Tax attorney: What they do and how to find one

  If you need help with a tax debt or dispute, creating an estate plan, starting a business, or another legal question related to taxes, a tax attorney might be able to help.

  4 min read Jun 26, 2025
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  Where’s my tax refund? How to track your refund

  Most refunds are sent out within 21 days. If you’re wondering where your tax refund is, you can track it online.

  5 min read Jun 26, 2025
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  What is adjusted gross income (AGI) and why does it matter?

  Your adjusted gross income, or AGI, is your gross income minus a handful of items. Here’s how it works and why it matters.

  4 min read Jun 23, 2025