No tax on car loan interest under the new law? Not exactly

Tuesday, October 07, 2025
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can be deducted, subject...... Read More

Understanding spousal IRAs: A smart retirement strategy for couples

Tuesday, September 30, 2025
Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can...... Read More

What you still need to know about the alternative minimum tax after the new law

Tuesday, September 23, 2025
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that the individual AMT...... Read More

What families need to know about the new tax law

Tuesday, September 16, 2025
The One, Big, Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of the provisions aim to provide financial relief, the...... Read More

What the new tax law could mean for you

Tuesday, September 09, 2025
As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July...... Read More

Act soon: The OBBBA ends clean energy tax breaks

Tuesday, September 02, 2025
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy tax incentives originally...... Read More

The next estimated tax payment deadline is coming up soon

Tuesday, August 26, 2025
If you make quarterly estimated tax payments, the amount you owe may be affected by the One Big Beautiful Bill Act (OBBBA). The law, which was enacted on July 4, 2025, introduces...... Read More

Milestone moments: How age affects certain tax provisions

Tuesday, August 19, 2025
They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you...... Read More

Is college financial aid taxable? A crash course for families

Tuesday, August 12, 2025
College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for the 2024–2025 school year. The average cost...... Read More

Are you missing a valuable tax deduction for Medicare premiums?

Tuesday, August 05, 2025
If you’re age 65 or older and enrolled in basic Medicare insurance, you may need to pay additional premiums to receive more comprehensive coverage. These extra premiums can be expensive,...... Read More