Tag: Individual Tax

Although April 15 is now behind us, there are still other important tax deadlines to be aware of for the remainder of the year. Pay attention to when key tax

What’s your next steps after filing your 2025 tax return? To help stay organized and avoid issues now, it’s good practice to take a little time to address some tax

You can request an automatic extension if you don’t have everything to complete your 2025 federal individual income tax return by the April 15 deadline. Filing Form 4868, “Application for

One important factor to know whether you’re filing your 2025 individual income tax return or planning for 2026, is whether you can deduct vehicle-related expenses. Last year’s One Big Beautiful

Each year, until the contribution deadline, you can contribute up to the annual limit to a traditional or Roth IRA, or a combination of the two. For 2025, the IRA

Recent legislation, including the One Big Beautiful Bill Act (OBBBA), accelerated the phaseout of several clean energy tax credits. However, if you purchased an electric vehicle or completed certain energy-efficient

April 15, 2026 is the 2025 federal income tax return due date, but that’s not the only item with the April 15 deadline. If you don’t catch it, you could

Generally, for federal tax purposes, personal interest expense can’t be deducted, but there are exceptions. These four types of deductible interest expenses are discussed below; one of which was created

When you raise a family, you are met with many different expenses. But, it also makes you eligible for different tax breaks. The most valuable of these are dependent tax

When filing your individual income tax return, an important consideration is whether to claim the standard deduction of itemize deductions. The One Big Beautiful Bill Act (OBBBA) made change that