Tax Breaks
Latest
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The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
By Kelley R. Taylor Last updated
Tax Deductions -
What Are the FSA Contribution Limits for 2024?
Medical Savings Flexible spending account (FSA) contribution limits for 2024 are higher than last year.
By Katelyn Washington Last updated
Medical Savings -
Want to Lease an EV? There's a Tax Credit 'Loophole' for That
Tax Credits If you are deciding whether to lease or buy a car, here's what you need to know about the EV lease tax credit.
By Kelley R. Taylor Last updated
Tax Credits -
Final EV Tax Credit Rules Don’t Change Much for Consumers
Tax Credits Treasury and IRS have finalized regulations for the up to $7,500 electric vehicle tax credit.
By Kelley R. Taylor Last updated
Tax Credits -
Three 'Hidden Costs' of Health Savings Accounts (HSAs)
Health Savings HSAs offer valuable tax benefits, but can 'hidden costs' erode those advantages?
By Kelley R. Taylor Last updated
Health Savings -
How the Biden Marijuana Shift Could Impact Taxes
Tax Rules A pending Biden administration marijuana rule change could help some businesses lower their taxes.
By Kelley R. Taylor Last updated
Tax Rules -
State Tax Changes: What’s New for 2024
State Taxes As of Jan. 1, several state tax reforms have gone into effect that can impact your finances.
By Kelley R. Taylor Last updated
State Taxes -
What's the 2024 Estate Tax Exemption?
Estate Tax The estate tax exemption amount increased for 2024. Will your heirs escape a tax bill?
By Katelyn Washington Last updated
Estate Tax -
The Tax Day HSA Contributions Deadline
Health Savings The HSA contributions deadline for 2023 has passed, but you still have time to contribute and potentially reduce your tax liability if you have an extended tax deadline.
By Rocky Mengle Last updated
Health Savings