2010 Taxes to 2026 Taxes

Standard Deduction vs. Itemizing: How to Pick the One That Saves You More

Steve — Fri, 23 Oct 2026 15:26:51 +0000

Every year, millions of people ask the same question when they sit down to do their taxes: should I take the standard deduction or itemize? It sounds like a small choice, but it decides how much of your income the IRS actually taxes. Pick the wrong one and you hand the government money you did not have to give up.

The good news is the choice is simpler than it looks. You do not need a spreadsheet or a fancy degree to figure it out. You just need to know your numbers and do one comparison. Here is how it … Read the rest

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Charitable Donations and Taxes: What the IRS Says You Need to Keep

Steve — Fri, 16 Oct 2026 15:58:44 +0000

Giving to charity feels good, and it can also lower your tax bill. But the IRS has rules about when a gift counts, what you need to prove it, and how much you can claim. Plenty of people lose a deduction because of a missing receipt. This guide goes through what the IRS says, including a change that starts with tax year 2026.

Who can claim the deduction

The IRS says that currently you can only deduct charitable contributions if you itemize deductions on Schedule A (Form 1040), and the deduction may be limited. Publication 526, Charitable Contributions, has the … Read the rest

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What to Do When You Get a Letter or Notice From the IRS

Steve — Fri, 09 Oct 2026 15:22:19 +0000

An envelope from the IRS can make your stomach drop. Before you panic, know this: most notices are routine. Many ask for a small correction, a payment, or a bit of information. The worst response is to toss the letter in a drawer and hope it goes away.

This guide walks through what to do in the first hour after you open one. It is general information, not tax or legal advice. If your situation is complicated, a licensed tax professional can look at your actual letter.

Step 1: Confirm the letter is real

Scammers send fake IRS letters, texts … Read the rest

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Filed an Extension? What to Know Before the October 15, 2026 Deadline

Steve — Fri, 02 Oct 2026 13:54:35 +0000

If you asked the IRS for more time to file your 2025 return, your new deadline is Thursday, October 15, 2026. That date is close now, and it’s easy to lose track of it. This guide covers what the extension did and didn’t do, what to gather, how to file, and what happens if October 15 slips past.

What an extension actually gives you

An extension gives you more time to file. It doesn’t give you more time to pay. The IRS says that if you need more time, you request an extension by the April filing date, … Read the rest

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The Government Shutdown Blues: How It’s Hitting the IRS and Why It Sucks for All of Us

Steve — Sat, 25 Oct 2025 01:29:01 +0000

If you have kept yourself up to date with the latest news or if you have been trying to get in touch with the IRS without going crazy, you surely have felt the burden imposed by this never-ending government shutdown. Today is October 24, 2025, and we are on day 24 of the longest complete federal shutdown in U.S. history. Indeed, this shutdown has surpassed the dramatic one that lasted from 2018 to 2019. The situation is pretty ridiculous as Congress has literally shut down the entire country over a budget dispute and the IRS is the one taking the … Read the rest

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Crypto Tax Strategies: How to Minimize Your Tax Liability

Steve — Thu, 21 Nov 2024 23:58:31 +0000

Cryptocurrencies have changed the view toward finance and opened incredible new opportunities for investors. Still, it’s fair to say the least that paying taxes with cryptocurrency can be more of a mess than it really needs to be. Hence, what follows are legally usable but still effective Crypto Tax Strategies to practice with regard to minimizing tax liability on cryptocurrencies.

Crypto Tax Strategies

Understanding How Cryptocurrency is Taxed

The IRS does not, seemingly, consider cryptocurrencies as valid currencies, but instead, treats them as being on the same level as property. That, in turn, could possibly mean that any disposal of … Read the rest

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TurboTax Freedom Edition: An Overview

Steve — Sat, 28 Oct 2023 00:02:30 +0000

The TurboTax Freedom Edition, not to be confused with the regular Free Version, is a tax preparation software offered by Intuit¹. It’s designed for individuals with simple tax returns and offers free federal and state tax preparation⁴.

TurboTax Freedom Edition

Who Can Use It?

The Freedom Edition is ideal for those with W-2 income and those looking to maximize tax credits for dependents¹. It’s also suitable for individuals who qualify for the Earned Income Tax Credit (EIC) and Child Tax Credit¹.

Features

The software is user-friendly and guides users step-by-step through the tax filing process¹. It allows users to … Read the rest

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A Closer Look at the Inflation Reduction Act of 2022

Steve — Sat, 04 Mar 2023 03:47:50 +0000

Wondering what the Inflation Reduction Act of 2022 is? Look no further than this informative post that breaks down every aspect of the act.

Inflation Reduction Act

The Inflation Reduction Act of 2022 has been making headlines around the world, especially in the financial and political spheres. This new act is designed to combat rising inflation by introducing several changes in government policy. If you’re interested in learning more about what this act entails and what it means for the future, keep reading.

What is the Inflation Reduction Act of 2022?

The Act is a set of government policies … Read the rest

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Missed the April Tax Deadline 2022?

Steve — Fri, 29 Apr 2022 02:34:14 +0000

Tax season is here again, and if you’ve missed the April Tax deadline 2022, you have some important decisions to make. First thing’s first: what should you do if you missed the April 15th Tax Deadline? You can do three things.

April 18 was the deadline to file your tax return. If you missed the filing deadline and need more time, we can help. Apply for an extension of time to file your return by April 18. Depending on your situation, you don’t have to pay any additional taxes due by doing this. The extension gives you until Oct. … Read the rest

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H&R Block Advisors Agrees To Making The Tax Code Less Complicated

Steve — Thu, 25 Feb 2016 19:23:26 +0000

H&R Block At Home is profitable because most people don’t like to do their own taxes. So, it seems weird that the company is all in favor of making the 74,000 page tax code easier to understand. The CEO of H&R Block Advisors, Bill Cobb, supports deliberations that are underway to make this happen.

He spoke on CNBC’s “Squawk Box” and said that there are things that can be done to simply the code. But he also said that it doesn’t make sense splitting up the code just because it is too hard to understand.

FirmBee / Pixabay

But on … Read the rest

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