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Individuals
Stay informed and in control of your personal tax situation. In this section, you’ll find practical guides, expert tips, and updates on everything related to individual income taxes — from filing basics and deduction strategies to IRS rules and annual changes. Whether you’re a W-2 employee, freelancer, or retiree, these articles are designed to help you minimize your tax bill, avoid common pitfalls, and make smarter financial decisions year-round.
OBBBA Restores Key Tax Break: Mortgage Insurance Premiums Deductible Again in 2026
Starting in 2026, homeowners can once again deduct mortgage insurance premiums on their federal taxes. This important change in the tax code helps reduce the overall cost of homeownership—especially for those with smaller down payments. Learn how this update could save you money and what it means for your next tax return.
Christian Wolff
Jul 192 min read
🚗 New Tax Break on Car Loan Interest: What’s in the One Big Beautiful Bill Act for Drivers?
Looking to buy a car in the next few years? Thanks to the One Big Beautiful Bill Act, you may be able to deduct up to $10,000 a year in car loan interest — even if you don’t itemize your taxes. This new, limited-time tax break (2025–2028) is designed to help everyday drivers save money on personal vehicle financing. Here’s what qualifies, what doesn’t, and how to make the most of this opportunity.
Christian Wolff
Jul 193 min read
Federal Tax Deduction for Overtime Pay
Whether you're clocking in extra shifts or burning the midnight oil at your desk, a new tax break is on the way for overtime earners. Thanks to Section 70202 of the One Big Beautiful Bill Act (OBBBA), workers can deduct qualified overtime pay starting in 2025. It’s a rare win for everyday employees—putting more of your hard-earned money back where it belongs: in your pocket.
Christian Wolff
Jul 133 min read
The Child Tax Credit Under the One Big Beautiful Bill Act (OBBBA): What Parents Need to Know
The Child Tax Credit is getting a major upgrade under the One Big Beautiful Bill Act (OBBBA), with permanent increases, temporary boosts, and inflation adjustments designed to support families for the long haul. In this post, we break down what’s changing, when it takes effect, and how it could impact your household’s bottom line—now and in the future.
Christian Wolff
Jul 53 min read
Maximizing Your 401(k) Contributions at Ages 60-63: What You Need to Know for 2025
In 2025, workers aged 60-63 can contribute up to $34,750 to their 401(k)—a great chance to boost retirement savings!
Christian Wolff
Dec 25, 20244 min read
Maximizing Your Retirement Savings: Using a Traditional IRA or Roth IRA Alongside Your 401(k) in 2025
Boost your retirement savings in 2025 by combining a Traditional IRA or Roth IRA with your 401(k) for tax benefits and growth potential.
Christian Wolff
Dec 25, 20245 min read
Maximizing Your Tax Savings with the 2025 Dependent Care FSA: A Guide for Smart Employee Tax Planning
Maximize your 2025 tax savings with a Dependent Care FSA! Reduce taxable income and pay for care costs tax-free. Plan ahead now!
Christian Wolff
Dec 23, 20245 min read
Maximizing Your Retirement Savings: The Importance of Taking Advantage of Employer 401(k) Matching Contributions
Maximize your retirement savings by contributing enough to get your employer's 401(k) match—it's essentially free money for your future!
Christian Wolff
Dec 22, 20244 min read
Understanding Flexible Spending Accounts (FSAs): A Smart Way to Save on Healthcare Costs
Learn how Flexible Spending Accounts (FSAs) can help you save on healthcare costs by using pre-tax dollars for eligible expenses.
Christian Wolff
Dec 22, 20245 min read
Maximizing Employee Tax Planning with a 401(k) in 2025
Maximize your 2025 tax savings by contributing to a 401(k). Learn how to boost retirement funds and reduce your taxable income.
Christian Wolff
Dec 21, 20245 min read
Understanding How Your Tax Withholding Impacts Your Refund or Tax Bill
Your tax withholding affects your refund or tax bill. Learn how adjusting it can help you avoid surprises and keep more of your money.
Christian Wolff
Dec 21, 20243 min read
Tax Planning Ideas for Employees: How to Maximize Your Savings
Maximize your savings with smart tax planning: use 401(k)s, IRAs, credits, deductions, and more to reduce your tax burden.
Christian Wolff
Dec 20, 20245 min read
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