Trump Accounts will go on being created for kids born within the final two years of this presidency, but parents need to take a step to get $1,000 to invest.
Tax tip of the week: Keep up on changes to Trump Accounts
A deduction you can’t use this year isn’t necessarily lost forever
Some unused deductions and losses can be carried forward to future years, potentially reducing your taxes later.
Tax tip of the week: Form 1040 has extra uses for the self-employed and gig workers
With more people earning money through gig work, freelancing and small businesses, understanding self-employment tax is increasingly important.
Tax tip of the week: Your W-2 is more than a record of what you earned
Here's where filers of the IRS tax form W-2 needs to start – with the wages and the taxes withheld from their paychecks.
Tax tip of the week: Filing (or not filing) as a a dependent isn’t as simple as you think
If you’re a dependent, don’t simply compare your income with the regular $16,100 standard deduction for a single taxpayer in 2026 and assume you don’t need to file.
Tax tip of the week: Think about filing even If you earn less than the $16,100 standard deduction
Self-employment isn’t the only situation in which someone may need to file even when their income is below the usual filing threshold.
Tax tip of the week: If you donate stuff instead of cash, you should be able to deduct that too
Whether you donate cash or property, keep records from the charitable organization. Noncash contributions can require additional documentation.
Tax tip of the week: If you give to charity, be aware of this change in deductions
A change in tax law means you may be able to deduct certain charitable contributions even if you take the standard deduction.
Tax tip of the week: Get a refund even when federal income tax goes to zero
The difference between refundable and nonrefundable tax credits matters. You may benefit from filing a return even if your income is low enough to make filing seem unnecessary.
Tax tip of the week: Know the difference between deductions and credits
Tax deductions and tax credits – both can lower your taxes, but they work in very different ways, and you don’t get to choose.