Some unused deductions and losses can be carried forward to future years, potentially reducing your taxes later.
A deduction you can’t use this year isn’t necessarily lost forever
taxes
Finances look increasingly painful for homeowners through 2030, but Cambridge isn’t ready for early retirements
Tough times are leading Cambridge to begin tilting its tax burden back toward homeowners from businesses, and to ask department heads to find $7 million in budget cuts.
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.
Cambridge meetings, Oct. 19-26: Divestment, an Amigos School move and driverless cars
Take part in meetings on divestment and multifamily zoning, moving Amigos to East Cambridge, a water tank under Sherman Street and future with driverless cars.
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.
Preserving gun controls, legal cannabis and state revenue levels are among the 2026 ballot questions
Your ballot for this November’s election has nine statewide ballot questions on expanding public records law, collective bargaining for public defenders and much more.
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.
Cambridge sets property tax rates with a nervous eye on commercial sector and limp biotech market
A Cambridge property tax rate classification was accepted Monday for a tax levy increase of 6.9 percent, to $725.4 million, lower than last year’s 8 percent.
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.