What is Tax Deductible?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Understanding what is tax deductible can help you save a significant amount on your tax bill. Tax deductions allow you to subtract specific expenses from your income, reducing the amount of tax...
Net Income vs Gross Income: What’s the Difference?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Gross income is your total earnings before any deductions, while net income refers to what you take home after taxes and other deductions. In this article, we’ll explain the differences between...
6 Ways to Increase Your Tax Refund
The information in this article is up to date for tax year 2025 (returns filed in 2026). Want to increase your tax refund this season? You’re not alone. Most people want to get back as much as they can or at least pay no more than necessary. The hard part is...
Tax Tips Every Student with a Summer Job Should Know
The information in this article is up to date for tax year 2025 (returns filed in 2026). Got a summer job lined up? Whether you're scooping ice cream, lifeguarding, or freelancing online, earning money during the summer is a great way to build independence. But once payday comes...
Tax Tips for Your First Job: What You Need to Know
The information in this article is up to date for tax year 2025 (returns filed in 2026). Starting your first job means navigating first job taxes for the first time. This guide covers the basics: understanding paycheck deductions, filling out your W-4, and filing your first tax...
New Tax Laws for 2025: Key Changes & How They Affect You
The information in this article is up to date for tax year 2025 (returns filed in 2026). The new tax laws for 2025 change tax rates, increase deductions, and adjust retirement contributions. These changes reduce your tax bill and simplify filing. Understand these updates to optimize...
Married Filing Jointly: Pros, Cons, and Tax Tips
The information in this article is up to date for tax year 2025 (returns filed in 2026). Married filing jointly is a tax status for married couples who combine their incomes, deductions, and credits on a single tax return. This approach can simplify filing and potentially reduce...
Top 15 Tax Deductions for Self-Employed Individuals
The information in this article is up to date for tax year 2025 (returns filed in 2026). Self-employed and looking to save on taxes? This guide outlines the top 15 tax deductions for self-employed individuals. From home office expenses to retirement plan contributions, learn how to...