How to Avoid the IRA Early Withdrawal Penalty: Tips and Strategies
Retirement accounts like Individual Retirement Accounts (IRAs) are designed to help you save for your future. However, what happens if you need access to your IRA funds before reaching retirement age? While it can be tempting to tap into your savings, withdrawing from your IRA...
4 Tax-Free Investments to Reduce Your Tax Burden
The information in this article is up to date for tax year 2025 (returns filed in 2026). Investing is a great way to build wealth and prepare for retirement. But investing can also help you reduce your tax burden—if you know where to look. Learn how investments are taxed and what...
How to Claim Home Office Deduction and Cut Your Taxes
The information in this article is up to date for tax year 2025 (returns filed in 2026). If you work from home, you could be leaving money on the table when it comes to your taxes. The home office tax deduction is a great way to save big, but many people aren’t sure how to take...
What Is the Difference Between Tax Credit and Tax Deduction?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Tax credits and tax deductions are arguably the best part of preparing your tax return. They reduce your tax bill and help determine how much your tax liability is–either directly or...
Charitable Contributions Deduction: Save More When You Give
The information in this article is up to date for tax year 2025 (returns filed in 2026). Giving isn’t just good for your soul–it can actually be good for your taxes. If you donated money in 2025, you may be able to deduct those contributions from your tax bill under the charitable...
7 Smart Ways to Reduce Capital Gains Taxes and Build Wealth
The information in this article is up to date for tax year 2025 (returns filed in 2026). There’s an old saying in financial circles: It’s not how much you make, it’s what you get to keep. When you make a dollar in the stock market, or virtually anywhere else, the IRS and other...
What Tax Credits Do I Qualify For This Year?
The information in this article is up to date for tax year 2025 (returns filed in 2026). Claiming tax credits can significantly reduce your tax bill or increase your refund. Many federal tax credits are designed to help families, low-income earners, students, and others. Before...
6 Money-Saving Tax Credits for Parents
The information in this article is up to date for tax year 2025 (returns filed in 2026). Even though their love has no price tag, kids can get expensive! Between housing, food, and childcare/education, the cost of raising a child is over $300,000. Yikes! And this is only through age...
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