Everyone who works fills out a W-4 form. This document ensures that your employer withholds the right amount of taxes from your paycheck. Abby Eisenkraft,...
Taxes
All Taxes Articles
What Is the SALT Tax?
A recent increase in the SALT deduction cap will lead to lower taxes for some taxpayers. But what are SALT taxes, and who will benefit?...
Tax Benefits for Families
Tax expert Abby Eisenkraft has bad news for anyone searching for details about the new stay-at-home-mom tax credit—it doesn’t exist. “There is no stay-at-home parent...
Married Filing Separately vs. Jointly: How to Choose the Best Tax-Filing Status for Your Situation
Married people are paired with their partners for better or for worse, but should they unite for tax return filing, too? The IRS lets married...
What Is a Tax Write-Off?
The term tax write-off is another way of saying “tax deduction.” The phrase typically is used to refer to self-employment and small-business–related tax deductions, though...
States with the Most—and Least—Property Taxes
Property taxes have been increasing in recent years—the average annual bill now is close to $3,000. That $3,000 figure no doubt seems surprisingly low to...
Is Overtime Pay Taxed More?
You may have heard that the tax rules regarding overtime pay are changing—but taxation of overtime earnings is not ending entirely. Historically, overtime pay has...
What Is OASDI Tax?
You may have noticed the acronym OASDI on your paycheck—especially when you realize that it is taking a big chunk out of your earnings. But...
New Rules on Charitable Giving Tax Deductions
Thinking about donating to your favorite charities? The recently passed tax legislation, known as the One Big Beautiful Bill Act (OBBBA), provides an added incentive—you...
Tax Deductions 2025: Don’t Overlook These Write-Offs
Whether you take the standard deduction or itemize for the 2021 tax year, here’s what deductions you can take, including what has changed.
Tax Planning for 2025
The 2024 tax filing season is over, and now is the time to think about 2025 tax planning—there are two months left to give the...
Gift Tax Rules: How to Gift Money to Family
A married couple helps their adult child make a downpayment on his first home. A woman pays her aging mother’s hospital bills. An older couple...
