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 average tax refund so far in 2025 is $2,939, up just $70 from the average refund this time last year. Here’s how tax refunds work.
Net income is gross income with some items subtracted. This financial term has relevance for businesses and individuals.
OASDI tax is another name for the Social Security taxes that are withheld from our paychecks and sent to the IRS.
A flat tax is when one tax rate applies to all taxpayers, regardless of income. Here’s how it works, and how it differs from a progressive tax system.
More than 90 percent of tax refunds are sent out by the IRS in less than 21 days, but some situations can lead to delays.
If you own rental property, you can reduce your tax bill by claiming valuable tax deductions.
Schedule E is a tax form used to report rental property income and expenses. Here’s what you should know.
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
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.
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.
Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may not like it.
New tax breaks on tip income and overtime pay go into effect this year. Event planners, hairdressers, handymen and Uber drivers are among those who qualify for no tax on tips.
The Oct. 15 tax deadline is coming up fast for anyone who filed an extension. Here are 4 tips to help you get ready to file your tax return.
It’s back-to-school season, and expenses add up fast. These state and federal tax breaks can help.
A new $1,700 tax credit will be available in 2027 for donations aimed at helping private school students.