Victims of phone and online scams may get a small but welcome break. While the One Big Beautiful Bill Act (OBBBA) changed a lot of...
Taxes
All Taxes Articles
Why Is Receiving a Large Tax Refund a Bad Thing?
Did you get a big tax refund last year…or were you left wondering, Why is my federal refund so low? The average tax refund has...
What Medical Expenses Are Not Tax-Deductible?
Are medical bills tax-deductible? Is dental work tax-deductible? The answer to both questions is yes…sometimes. Before you take any medical expense deduction, there are some...
What Does Head of Household Mean on Taxes?
“Head of household” is a tax filing status for single taxpayers who have dependents. But as so often is the case with tax matters, it’s...
What Is Backup Withholding?
If your broker sent you a dividend or interest check, but the amount you received is 24% lower than expected, then “backup withholding” likely is...
Estimated Tax Penalties: What You Need to Know
Most people don’t worry about paying federal income taxes for the year until they are preparing their returns the following spring. That’s because their employers...
Are You at Risk for an IRS Audit?
Not long ago there were widespread warnings that the IRS would be adding thousands of agents and increasing audits. But the new year brought a...
Qualified Business Income Deduction: What You Should Know
The Qualified Business Income deduction (QBI deduction, for short) is a wonderful tax break for people who are self-employed and for small business owners. Also...
Does Your Child Need to File Taxes This Year?
Too young to vote doesn’t necessarily mean too young to file a tax return. In fact, minors who have significant income often are required to...
Taxes for People Who Are New to the US
Most Americans agree that the US tax code is too complicated. It can be even more impenetrable for taxpayers who are new to the country,...
Dr. Allen Sinai’s Economic Forecast for 2025
What’s the outlook for the economy and the two-year-old equity bull market after President Donald Trump’s shocking political comeback and a Republican sweep of Congress? “Firing...
What Is Nontaxable Income?
Who wouldn’t love to avoid paying tax on their income? Well, in some cases, you can. Here’s what you need to know about when you...
