Personal finance and savings tax tips

Donating a car to charity can lower your tax bill, but figuring out exactly how much you can deduct isn't always straightforward. Here's how to calculate your car donation deduction, what documentation you need, and the rules that determine your final number.

Every time you leave the house, you may feel like you’re spending money on something—a medical visit, a trip to the store to get supplies for your small business, a dentist appointment for your child. These are all a part of the fabric of our lives—and they may be something we can deduct when tax time rolls around, so you pay less in tax. Continue reading to learn about the 7 most common tax credits and deductions, and how you may claim these important credits and deductions when doing your taxes.

Filing your tax return should never just be throwing your income documents together and sending it to the IRS. Check out this video where we break down what’s included in a tax return and the biggest tax write-offs available to millions of taxpayers.

Giving to charities like the Red Cross, your house of worship, or the local parent-teacher organization makes a positive difference in your community and the world. It can also lower your tax bill. Keep reading to learn how.

Looking to lower your taxes and increase your refund? Understanding the difference between tax deductions and tax credits is the first step. In this guide, we’ll explain how each works, the common deductions and credits you might qualify for, and how to get every dollar you deserve when you file.

As the demand for electric cars increases and there are more affordable offerings, it’s a good time to understand tax credits and rebates available for you and your family. Read more to find out about the electric vehicle tax breaks, eligibility criteria, and potential savings for electric vehicle owners.

Are you thinking about upgrading to a more energy-efficient heating and cooling system, installing solar panels, or making any other green improvements? You might want to hurry as the residential energy credits expire December 31, 2025 In this article, we’ll dive into the different energy-efficient tax credits you can take advantage of, like the Energy Efficient Home Improvement Credit and the heat pump tax credit.

To itemize or not to itemize? That is the question. In this article, we’ll dive into what exactly itemized deductions are, go over the difference between itemized and non-itemized deductions, break down a list of common tax deductions, and more.

Have you bought a new car recently? If so, you may qualify for the new deduction on car loan interest worth up to $10,000! In this article, we cover everything you need to know about the No Tax on Car Loan Interest deduction, from eligibility requirements to phase-out limits.

Tax credits can be a powerful tool for increasing your refund or lowering your tax bill, and some of them are refundable, which means that you get the whole amount of the credit, even if it’s more than what you owe in taxes. In this article, we’ll break down refundable tax credits, like the Child Tax Credit and Earned Income Tax Credit, as well as nonrefundable tax credits.

Curious about the SALT tax deduction and how itaffects your tax bill? In this article, we’ll explainwhat the SALT deduction is, which state andlocal taxes you can deduct, and how the $40,400 cap works. It’s an important taxbenefit you don’t want to miss!

Are you thinking about investing in solar panels? In this article, we’ll cover everything you need to know about the solar tax credit, otherwise known as the Residential Clean Energy Credit, including what it is, what projects it covers, how to apply and when this tax benefit ends.

With state and local tax regulations in the news more than ever, continue reading to learn how to maximize state and local tax (SALT) deductions and why you can benefit from itemizing deductions for taxes paid on your home, your vehicles, and more.

Keeping up with tax deductions can be daunting, considering many of them were altered by tax reform. But you might be overlooking important ones that could affect your refund. That’s why we’ve compiled a list of commonly missed deductions for your reference.

A casualty loss is the loss or damage of property from a presidentially declared disaster. 

Discover how to maximize tax savings by deducting medical and dental expenses. Explore eligibility, allowable deductions, and record keeping with Jackson Hewitt.

Did you know that the IRS offers tax breaks and credits to you if you, your dependents, or children are disabled? Read more to find out if you qualify for disability benefits, how to claim them, and what may be available to you.

Health savings accounts (HSAs) offer some of the biggest tax perks available to eligible taxpayers. Keep reading to learn how HSA contribution limits, deductions, and withdrawal rules work for 2026.

You have likely heard of Medicare and know someone who has needed it, but what is it, and how does it get funded? Medicare plays a key role in providing health and financial security to over 65 million older people and younger people with disabilities. Read more to find out what Medicare tax definition is, what the Medicare tax rates are for 2026 and who is responsible for paying into it.

Curious about the Affordable Care Act (ACA) and how it impacts you? This article covers everything from the basics of the ACA to the pros and cons of the law. We'll also explain how the ACA affects your taxes, the purpose of the Premium Tax Credit, state-specific penalties for not having health insurance, and more.

You won’t want to miss this video where we break down everything you need to know if you invested in cryptocurrencies!

New to stock options? In this article, we’ll break down everything you need to know, including what stock options are, how they’re taxed, and more.

Apps like Robinhood, Acorns, and Webull make it easy to take advantage of the stock market, bonds, and cryptocurrencies, without blowing the bank. Microinvesting, or investing money in small amounts, has become extremely popular. While you’re investing, keep in mind that you need to report the money you make–or lose–to the IRS, and this can get complex quickly. Here are some reporting tips to prevent surprises when you file.

If you have investments, you may have unrealized gains, but what exactly are they and how do they impact your taxes? In this article, we'll explain what unrealized gains are, how they differ from realized gains, if you need to report unrealized gains to the IRS, and the potential tax implications you should know.

Opening a Trump Account for kids is a great way to kickstart savings for your child. In this article, we’ll cover what a Trump Account is, who’s eligible, how to elect the no-strings-attached $1,000 government contribution, how withdrawals are taxed, and more.

Looking to lower your tax bill? These 13 strategies can help. In this guide, we'll explore how contributing to retirement accounts, claiming valuable tax credits, and leveraging deductions for your side gig or business can maximize your tax savings and keep more money in your pocket.

Want to save on healthcare expenses and lower your taxable income? A Flexible Spending Account (FSA) might be the solution you need. In this article, we'll explain what an FSA is, how it works, who is eligible, the pros and cons of using one, and more.

Find out what happens when you have a debt canceled or forgiven, and what it means for your taxes.

Do I have to pay taxes if I win the lottery or a game of poker? Learn how to report lottery & gambling income, and how to deduct any losses.

If you have children, you may have heard of the “Kiddie Tax,” and wondered what it is and how it may affect you. Continue reading to find out more about its origins, how it is taxed and what changes are underway for 2025.

Are you saving for retirement? Learn everything you need to know about how retirement savings impact your taxes, including how to reduce taxable income by making contributions, how much you could deduct, how to qualify for the Saver’s Credit, and more.

Want to save more for retirement while reducing your taxes? Of course you do. It’s time to discover the benefits of a traditional IRA.

Thinking about tapping into your traditional 401(k) early? Before making any decisions, it's important to understand the potential costs. In this guide, we'll explore the consequences of early 401(k) withdrawals, the alternatives like 401(k) loans and hardship withdrawals, and how to avoid penalties.

If you collect a pension when you retire, you may need to report it on your taxes. Find out how taxes apply to different types of pension plans.

Looking for a tax-smart way to save for retirement? Then it’s time to learn the benefits of a Roth IRA, where your money can grow tax free.

Saving for retirement isn’t always easy, but there are some incentives to help make it smoother and less of a burden for you. The IRS offers certain credits and benefits, which we’ll explore in this article. Continue reading to find out what the saver’s credit is, how to qualify for it, saver’s credit income limits, and how to calculate your saver’s credit rate.