Tax Strategies
What You Need to Know About Form 8888: Allocation of Refund in 2025
Tax season is no one’s favorite time of year, but if you’re due for a refund, there’s at least something to look forward to. And…
Tax Benefits for Buying a Car
Buying a car can come with some surprising tax perks, depending on how and why you purchase it. This article covers the tax benefits of…
The Tax Penalty for No Health Insurance
Health insurance is an essential aspect of financial and medical security for many Americans. However, for those who choose to go without health insurance, there…
Tax Write Off for Donations to Goodwill
Donating to Goodwill is a great way to give back to the community while also benefiting from potential tax savings. The IRS allows taxpayers to…
What is the Fresh Start Program And How Can it Benefit You?
The Fresh Start Program is an initiative by the Internal Revenue Service (IRS) designed to help taxpayers struggling with unpaid taxes. Originally launched in 2011…
Tax Benefits of Marriage: How Tying the Knot Can Lower Your Tax Bill
Marriage is often viewed as a romantic and personal milestone, but it also comes with financial implications—especially when it comes to taxes. For American couples,…
Depreciation Recapture: What It Is and How It Affects Your Taxes
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/Mastering_Depreciation_Strategies1.mp4"][/video] What Is Depreciation Recapture? When you own property or assets used for business or income-generating purposes, you can claim depreciation on…
Are Home Repairs Tax Deductible? A Complete Guide for U.S. Homeowners
Are Home Repairs Tax Deductible? [video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/Home_Repair_Tax_Deductions_Explained.mp4"][/video] If you’re a homeowner, you’ve probably wondered: Are home repairs tax deductible? Also, whether the money…
