New itemized deduction limitation will affect high-income individuals next year
December 4, 2025
Your tax deductions may soon not be worth as much as you expected. Here’s what you need to know about a new tax law provision that will reduce deductions for high-income taxpayers.
Shift income to take advantage of the 0% long-term capital gains rate
November 25, 2025
Taxpayers subject to the 15% or 20% long-term capital gains tax rate can still benefit from the 0% rate. Here’s how.
How the Social Security wage base will affect your payroll taxes in 2026
November 19, 2025
The Social Security tax rate is 6.2%, or twice that if you’re self-employed. Find out if you’ll have to pay Social Security tax on all your wages and self-employment income in 2026.
Is an HDHP plus an HSA a financially smart health care option for you?
November 12, 2025
Health Savings Accounts offer several valuable tax benefits. But you can contribute to one only if you have a high-deductible health plan.
The 2025 SALT deduction cap increase might save you substantial taxes
November 6, 2025
Is your property tax bill large? Or do you pay a lot in state income taxes? You might be eligible for a much bigger SALT deduction on your 2025 income tax return.
Understanding the most common IRS notices
September 25, 2025
Receiving an IRS notice doesn’t always mean bad news, and it doesn’t mean you’ve done something wrong. Many notices are informational or involve minor corrections. Here are five common notices and what they mean.
