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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.

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Empty land © Byjeng/Shutterstock.com
To begin, find out the fair market value of the home on the two dates when you inherited it.
New storefront © L Barnwell/Shutterstock.com
There’s a way to buy a property before selling your 1031 like-kind exchange, but be careful.
Toy house on tax form © karen roach/Shutterstock.com
Consider all the consequences of paying off your home to become a long-distance landlord.
Farm © Stuart Monk/Shutterstock.com
Find out if the proceeds of a discrimination settlement are taxable.
Tax form 1040 in blue and yellow lighting © Robyn Mackenzie/Shutterstock.com
A nonqualified annuity grows tax-deferred, so eventually Uncle Sam will want his share.
Tax form 1040 in blue and yellow lighting © Robyn Mackenzie/Shutterstock.com
Depreciation lets you spread the cost of a fixed asset over its useful life.
Living trust and estate planning © James R. Martin/Shutterstock.com
Your friend left you assets in a living trust. Turns out she was very thoughtful.
Last will and testament © Casper1774 Studio/Shutterstock.com
Inheritance taxes don’t apply. However, IRA distributions must be taxed eventually.
Illustration of a map of the U.S. with stacks of money.
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.
Small-business owner doing inventory in his boutique.
The Section 179 deduction and bonus depreciation both let businesses write off expenses quickly. Here’s what you need to know.
Man sitting at home, at his laptop, working on his finances.
These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.
A family removes items from their home in the aftermath of Hurricane Helene on Sept. 30, 2024 in Old Fort, North Carolina.
When disaster strikes, taxes may be the last thing on your mind. But the casualty loss deduction can offer much-needed financial relief.
Serious woman working on laptop.
In many cases, keeping tax records for three years is long enough, but there are a few exceptions.
A couple is deeply involved in their financial planning as they work together, using a laptop, and reviewing various documents.
The AMT, or alternative minimum tax, has its own set of tax rates and rules. Here’s how it works, how to calculate your bill, and the changes coming in 2026.
Illustration showing clear glass piggy bank with a diploma, a stethoscope and money inside.
With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.
Illustration showing an envelope with the word unemployment on it starting to catch fire.
Your unemployment benefits generally are taxable at the federal level, but your state may or may not give you a tax break. Here’s what you should know.
A couple looks over their financial paperwork with a calculator and their laptop open in front of them.
If you want to trim your 2025 tax bill, now is the time to take steps to reduce your taxable income.
Mother with children waiting near electric car charging at sunset.
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.
Pennsylvania Welcomes You road sign at the state border.
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 entrance to a Social Security office in Houston, Texas.
Lawmakers have introduced a new bill that aims to permanently end taxes on Social Security benefits. High-income earners may not like it.
Hairdresser working on a client's hair in a salon.
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.
Illustration of a clock with a post-it note on it that says "tax time!"
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.
Mother picking up small daughter from school, embracing in front school building.
It’s back-to-school season, and expenses add up fast. These state and federal tax breaks can help.
Girl with braided hair writing in book while sitting at desk with students in classroom.
A new $1,700 tax credit will be available in 2027 for donations aimed at helping private school students.