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Bonus Depreciation in 2026: How Businesses Can Deduct 100% of Qualifying Asset Costs Immediately
Bonus depreciation (also known as the additional first-year depreciation deduction under IRC Section 168(k)) is one of the most powerful tax incentives available to U.S.…
Understanding Form 709: The Gift Tax Return
When it comes to giving gifts, most people aren’t thinking about taxes. But if you’re giving away a significant amount of money or assets, the…
Car Registration Tax Deduction: A Complete Guide for U.S. Taxpayers
Understanding The Car Registration Tax Deduction Nothing like a visit to the DMV to really shake up your routine, right? Add paying fees on top…
Babies And Tax Returns: A Real (If Unlikely) Pair
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Babies_and_Income_Tax_Returns1.mp4"][/video] The IRS doesn’t discriminate on the basis of age, not even babies. It’s one of those things that sound funny but…
Is It Worth Claiming Medical Expenses On Taxes?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Claiming_Medical_Expenses_Explained.mp4"][/video] Is it worth claiming medical expenses on your taxes? Well, for most Americans, medical expenses take up a big chunk of…
Do You Have to Pay Taxes on Unemployment Benefits?
If you're looking up this question, you probably have had your fill of unpleasant surprises. Unemployment benefits are a lifeline for individuals who have lost…
Retired and Filing Taxes: Does My Social Security Count as Income on My Taxes?
You think you're asking a yes-or-no question. Then the IRS answers with a percentage. Are Social Security benefits considered income? Yes, this crucial source of…
Does Unemployment Count as Income?
So you got fired and now you're taxed? Believe it or not, there's good news: You have income. Unemployment benefits can often be a financial…
