Category: Tax Deductions
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2026 Tax Changes: How Much More Money Will You Keep This Year?
As we ring in 2026, major updates to the U.S. tax code are kicking in—thanks to IRS inflation adjustments and key provisions from the One Big Beautiful Bill Act (OBBBA). These changes could mean bigger paychecks, larger refunds, and more opportunities to save on taxes. But are you positioned to take full advantage? The standard…
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EV Tax Credits Vanished in 2026? Here’s How to Still Score Big Savings on Your Electric Ride
As we close out 2025 and stare down the barrel of a new tax year, the electric vehicle (EV) landscape has taken a dramatic turn. The federal tax credits that once sweetened the deal on EVs—up to $7,500 for new models and $4,000 for used—officially expired on September 30, 2025, thanks to the One Big…
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No Tax on Tips in 2026: Will You Actually Get a Bigger Refund This Year?
One of the most talked-about changes from the One Big Beautiful Bill Act (OBBBA) is the new above-the-line deduction for qualified tips (up to $25,000) and overtime premium pay. For millions of service industry workers, bartenders, drivers, and hourly employees, this could mean real money back in their pockets when filing 2025 taxes in early…
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5 Year-End Tax Moves to Slash Your 2025 Bill Before 2026 Hits
As 2025 draws to a close, the clock is ticking on opportunities to reduce your tax liability for the year. With just days left before December 31, smart, actionable strategies can still make a significant difference—potentially saving you hundreds or even thousands on your 2025 taxes. Thanks to the One Big Beautiful Bill Act (OBBBA),…
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Last Chance: 7 Green Energy Tax Credits Vanishing After December 31, 2025 – Claim Them Now or Lose Thousands Forever
With just days left in 2025, time is running out to claim some of the most generous federal tax credits for green home upgrades and clean energy investments. Thanks to the One Big Beautiful Bill Act signed into law earlier this year, many popular incentives—including those for solar panels, energy-efficient windows, heat pumps, and even…
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Why 2025 Is the Best Year in Decades for Charitable Giving: 5 Strategies to Maximize Deductions Before Dec 31
As the holiday season reaches its peak, many of us feel that familiar pull to give back. Whether it’s writing a check to a favorite nonprofit, dropping toys in a donation bin, or tipping service workers extra generously, December is traditionally the month of giving. But this year is different. Thanks to provisions in the…
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Maximizing Your Home Office Deduction for 2025: Key Rules and Strategies for Self-Employed Workers
With tax season just around the corner on this December 23, 2025, many freelancers, gig workers, and small business owners are reviewing their deductions to minimize what they owe. One of the most powerful—and often underutilized—tax breaks for those working from home is the home office deduction. If you qualify, this can significantly reduce your…
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2025 Child Tax Credit: Boosted to $2,200 Per Child – What Parents Need to Know Now
As we wrap up 2025, families across the U.S. are eyeing their tax returns with anticipation. One of the most valuable perks for parents? The Child Tax Credit (CTC). This year, thanks to recent legislative tweaks, it’s even more generous—but are you positioned to claim the full amount? Imagine slashing your tax bill by thousands…
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5 Surprising Tax Breaks from the One Big Beautiful Bill That Could Slash Your 2025 Tax Bill – Are You Missing Out?
As we approach the end of 2025, taxpayers across the country are gearing up for filing season in 2026. But this year is different: The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduced a wave of new tax provisions—many effective retroactively for the 2025 tax year. These changes build…
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No Tax on Overtime in 2026? The Truth Behind This Temporary Tax Break and How to Maximize It
As 2025 winds down, millions of hourly workers are buzzing about one of the hottest provisions from the One Big Beautiful Bill Act (OBBBA): the deduction for overtime pay. Often called “no tax on overtime,” this new rule lets eligible workers deduct up to $12,500 of qualified overtime income from their taxable earnings for tax…