Taxes
Section 179 deduction vs. bonus depreciation: How they work, how they differ
6 min read
Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Explore tax basics
Do I have to file taxes? Here’s how to figure out if you should file a tax return
Taxes
Donation value guide: Calculate the value of your donated items for your taxes
Taxes
What is the long-term capital gains tax? Here are the rates for 2025-2026
Investing
Standard deduction vs. itemized deduction: Pros, cons and how to decide
Taxes
Editor's Picks
Featured by names you know and trust
Latest articles
The standard deduction is a valuable tax benefit, and one of the easiest to claim. And it got a boost in the 2025 tax law.
The deadline for filing your 2025 tax return is April 15, 2026, or Oct. 15 with an extension.
Knowing your federal income tax bracket can help you manage your money. Here are the federal tax brackets and income tax rates for 2026, 2025 and 2024.
Certain windfalls and profits are considered capital gains. Here’s how to determine what you’ll owe.
If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.
The valuable electric vehicle tax credit for new and used EVs is about to end. Here’s what you should do now if you want to qualify.
The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.
A growing number of states are moving to a flat tax system to collect income taxes. That can be good news for taxpayers, but there are potential downsides.
The standard deduction is a valuable tax benefit, and one of the easiest to claim. And it got a boost in the 2025 tax law.
The deadline for filing your 2025 tax return is April 15, 2026, or Oct. 15 with an extension.
Knowing your federal income tax bracket can help you manage your money. Here are the federal tax brackets and income tax rates for 2026, 2025 and 2024.
Certain windfalls and profits are considered capital gains. Here’s how to determine what you’ll owe.
The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.
These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.
When disaster strikes, taxes may be the last thing on your mind. But the casualty loss deduction can offer much-needed financial relief.
In many cases, keeping tax records for three years is long enough, but there are a few exceptions.
Here are the five states that charge an inheritance tax.
These days, there are a number of free options for filing your tax return, and many of them offer guided support to help you do it right.
President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.
The IRS is opening its Free File program on Jan. 10 this year. Here’s how to qualify.
The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax returns. About 1 million taxpayers were eligible for the credit but failed to claim [...]
Trump’s plan to eliminate taxes on Social Security benefits would help current beneficiaries, but future recipients may be hurt by the move.
Trump’s tax and tariff plans could mean lower taxes for some Americans and higher costs for others.
If Congress does nothing next year, taxes could increase for millions of Americans.