Donating to charity not only benefits those in need, but it can also give you a tax deduction. Charitable Contributions use to only be allowed if you itemized; however, starting with tax year 2026, single filers that take the standard deduction can deduct up to $1,000 ($2,000 for joint filers) of cash contributions to qualified organizations.

You’re probably holding onto documents that you don’t need to, while also throwing out documents that you might need later. So how long should you keep tax documents? The general rule is a minimum of three (3) years, but six (6) years from filing is a good safe harbor. However, there are exceptions that may require you to keep documents longer.

If you paid someone to care for your child or other qualifying person so that you (and spouse if filing jointly) could work, you might be able to take the credit for child and dependent care expenses.

The One Big Beautiful Bill Act makes it so that you can deduct up to $10,000 of qualified car loan interest per year!

Are you a server, hair stylist, or other service provider that receives tips? Good news, the One Big Beautiful Bill Act allows you to deduct up to $25,000 in qualified tip income!

Under the One Big Beautiful Bill Act, when you file your tax return, you can deduct up to $12,500 for single filers, or $25,000 for joint filers for overtime wages paid in a year.

Unfortunately, you can’t claim your fur babies on your tax return – even though I fully agree that you should be able to because I have 2...