Tag: Individual Tax

You may be wondering, if you had significant expenses last year, what medical expenses are deductible on your 2025 income tax return. It can be difficult to claim the medical

Severe storms, flooding, wildfires, and other disasters affect millions of taxpayers every year. Across the country, taxpayers experience casualty loss as a result of damage to their homes or personal

Typically, many tax figures are annually adjusted to account for inflation, meaning they often increase from year to year, or at least every few years. Under the One Big Beautiful

There’s a tax-advantaged savings option for individuals with disabilities that’s similar to a Section 529 college savings plan. Achieving a Better Life Experience (ABLE) accounts allow eligible beneficiaries to save

Individuals who itemize deductions and donate to charity will face a new limit beginning in 2026 on their charitable deductions. In some cases, they’ll even face two new limits. However,

You likely have a lot on your plate this time of year – from holiday shopping, to donating to your favorite charities, and planning get togethers with family and friends.

December doesn’t mean its too late to save taxes. Implement these strategies before December 31 to help reduce your 2025 individual tax liability. Defer Income & Accelerate Deductions Pushing income

Now’s a good time to check the balance of your account if you have a flexible spending account (FSA) through your employer to help pay for health or dependent care

In 2026, taxpayers in the top federal income tax bracket will begin to see their itemized deductions reduced. Here are steps you can take now to help mitigate the negative

Considering making financial gifts to loved ones? Do you want to reduce your capital gains tax? If you consider giving appreciated stock instead of cash, you could potentially eliminate all