Taxes
Your 2026 W-2 Decoded: New Box 12 Codes TP / TT and Box 14b TTOC Explained
Your 2026 W-2 has two new Box 12 codes that did not exist on prior-year forms: code “TP” for qualifying tip income…
Taxes
Taxes
How to File Taxes as a Gig Worker / 1099 in 2027 (New 1099-K Rules)
Disclosure: This page includes affiliate links, so we may earn a commission at no cost to you. See our full disclosure. As…
Taxes
Will Your Refund Be Bigger in 2027? How the New OBBBA Deductions Change Your Return
Yes, if you qualify for any of the new OBBBA deductions and your employer did not reduce your withholding to account for…
Taxes
2026 Tax Brackets and Standard Deduction: The Complete Guide
For 2026, the standard deduction is $16,100 for single filers and $32,200 for married couples filing jointly, and the seven tax brackets…
Taxes
The New $6,000 Senior Deduction: Do You Qualify for 2026?
If you are 65 or older, you can claim a new $6,000 deduction for 2026, on top of your regular standard deduction.…
Taxes
529 Plans Now Cover $20,000 of K-12: What Changed in 2026
You can now withdraw up to $20,000 a year from a 529 plan for K-12 expenses, double the old $10,000 limit. The…
Taxes
The SALT Cap Is Now $40,000: What It Means for 2026
The SALT deduction cap is $40,400 for 2026, up from the old $10,000 limit. The One Big Beautiful Bill Act raised the…
Taxes
The Child Tax Credit Is Now $2,200 for 2026: Who Qualifies
The Child Tax Credit is $2,200 per qualifying child for 2026, up from $2,000. The One Big Beautiful Bill Act raised the…
Taxes
The 1099-K Threshold Is Back to $20,000 / 200 for 2026
The 1099-K reporting threshold is back to $20,000 and more than 200 transactions for 2026. The One Big Beautiful Bill Act repealed…
Taxes
Car Loan Interest Deduction 2026: How the $10,000 Write-Off Works
Yes, you can now deduct car loan interest on your federal taxes, but only on a new, U.S.-assembled vehicle. The One Big…
Taxes
Estimated Taxes 2026: Who Owes Them, How Much, and How to Pay
You generally owe federal estimated taxes for 2026 if you expect to owe at least $1,000 after withholding and credits, and your…
Taxes
Side Hustle Taxes in 2026: How Much to Set Aside and What You Can Deduct
Side hustle income is taxed differently from your regular W-2 paycheck, and it catches a lot of people off guard. When you…
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