Recent News & Blog / Individual Tax
When Medical Expenses Are—and Aren’t—Tax Deductible
If you had significant medical expenses last year, you may be wondering what you can deduct on your 2025 income tax return. Income-based thresholds and other rules can make it hard to claim the medical expense deduction.
Suffered a Disaster? You May be Eligible for a Casualty Loss Tax Deduction
Every year, severe storms, flooding, wildfires, and other disasters affect millions of taxpayers. Many experience casualty losses from damage to their homes or personal property.
2026 Rates & Dates
The IRS recently released the 2026 rates and dates, which includes individual tax rate schedules, roth retirement contributions, social security taxes, payroll tax deposit due dates for businesses, and more.
New 2026 Tax Figures for Individuals
Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are going into effect under the One Big Beautiful Bill Act, signed into law July 4, 2025.
More Individuals With Disabilities Will be Eligible for Tax-Advantaged ABLE Accounts in 2026
Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar to saving for college expenses with a Section 529 plan?
Charitable Donation Deduction Changes Are on the Horizon
Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions, and in some cases, they’ll face two new limits.
Check off RMDs from Your Year-End To-Do List
Between the holiday shopping, donating to your favorite charities, and planning get-togethers with family and friends, you likely have much to do between now and the end of the year.
There’s Still Time to Save 2025 Taxes
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31.
Have You Used Up Your 2025 FSA Funds?
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now is a good time to check your balance.
High-Income Individuals: New Itemized Deduction Limitations Are Coming Next Year
Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced.