Practical tax information for individuals, self-employed professionals, and small business owners. Use these resources to better understand common tax issues and know when it may be time to ask for professional help.
Key federal tax changes, inflation adjustments, deductions, credits, and contribution limits.
IRS Tax Updates →Understand how gains and losses from stocks, investments, and other property may affect your tax return.
IRS Capital Gains Guide →Learn how interest and dividend income is generally reported and taxed.
IRS Interest Guide →Learn the difference between the standard deduction, itemized deductions, and business deductions.
IRS Deductions & Credits →Rules involving dependents, child-related credits, and other family tax benefits.
IRS Dependent Information →Information about education credits, tuition-related benefits, and student tax issues.
IRS Education Credits →Learn when foreign financial accounts may create FBAR or other reporting obligations.
IRS Foreign Account Guide →Information about Social Security, Medicare, and self-employment tax for independent workers.
IRS Self-Employment Tax →Learn when estimated payments may be required and how filing extensions affect tax deadlines.
IRS Estimated Taxes →For tax year 2026, the standard deduction is $16,100 for single taxpayers and married filing separately, $32,200 for married couples filing jointly, and $24,150 for heads of household.
Federal income tax brackets and several other tax thresholds have been adjusted for inflation for 2026. The tax rates remain graduated, with the top individual federal rate remaining 37%.
The 2026 employee contribution limit for most 401(k), 403(b), and governmental 457 plans increases to $24,500. The IRA contribution limit increases to $7,500.
Federal new and previously owned clean-vehicle credits generally are not available for vehicles acquired after September 30, 2025.
If you purchased or contracted for a qualifying vehicle before that date, special transition rules may apply.
The Energy Efficient Home Improvement Credit and Residential Clean Energy Credit generally apply only to qualifying property placed in service through December 31, 2025.
If you completed a qualifying project in 2025, the credit may still affect the return you file in 2026.
General tax information can be helpful, but your situation may involve facts that change the answer. If you're not sure how a rule applies to you, start with a brief conversation.
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