Tax articles
395 plain-English guides to U.S. federal taxes, newest first.
5 results in Tax Strategies
ClearWhat 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 and expanded over the years, this pr…
Depreciation Recapture: What It Is and How It Affects Your Taxes
When you own property or assets used for business or income-generating purposes, you can claim depreciation on your taxes. Depreciation allows you to deduct a portion of the asset's value over time, r…
Your 401(k) Tax Benefits
By taking advantage of your 401(k) tax benefits, you’re not only helping yourself to build a more financially secure future, but it may also lower your tax bill in the present as well.
401k Contribution Limits Increased for 2024
The year 2024 brings good news for retirement savers. The 401k contribution limits are set to increase, allowing individuals to save even more towards their golden years. These changes aim to address…
Top 10 Tax Tips If You Sold Your Home in 2023
Have you heard of this? You might not have to pay taxes on the gain if you sell your home and make a profit. Yes, this is true, and it is a huge savings. If you are single, you can claim up to 250,000…