Tax Season Is Year-Round

New Jersey's 2026-2027 budget raises the child tax credit while restricting senior property tax relief.

• Maximum credit increases from $1,000 to...

The IRS may pause wage levies through Currently Not Collectible status when collection would cause hardship, based on standardized expense...

The new Federal Scholarship Tax Credit offers dollar-for-dollar tax relief for up to $1,700 in donations to scholarship programs, yet real-world...

The IRS and DOL are actively enforcing new rules on traditional 401(k)s, Roth IRAs, and inherited IRAs. Compliance is no longer optional.

• 401(k)...

Your 50s are prime time to course-correct retirement savings before compounding runs out.

• Max catch-up contributions now: An extra $7,500/year at...

State Credit Access Updates

• 🔥 New Jersey SimpleFile Launch: Governor Sherrill announced SimpleFile.NJ.gov, a free mobile-friendly site allowing...

Advance Tax Relief offers consultations to settle IRS debt and stop penalties.

California hasn't opted into the OBBBA scholarship tax credit, yet residents can still claim up to $1,700 by donating to SGOs in participating states...

• Homeowners can claim up to $3,200 yearly ($2,000 heat pumps + $1,200 other upgrades) under the expanded Section 25C credit
• QPIN mandates now...

• American Opportunity Credit: Families get up to $2,500 per student for college, but scholarships often shrink the amount and many skip claiming due...

• Self-employed workers claim full health premiums above-the-line on Schedule 1, reducing AGI without itemizing.
• This deduction complements summer...

• NJ Child Tax Credit reaches low-income families via free SimpleFile tool in 15 minutes
• Head of Household saves low earners just $23 yearly vs....

If your RV has a bed, stove, and toilet, the IRS treats it as a home—letting you deduct loan interest on Schedule A just like a house.

• Qualify if:...

Storm victims in Texas, Wisconsin, and Missouri already have automatic IRS filing and payment extensions through early 2026, triggered instantly by FEMA declarations with no paperwork required. Check your ZIP code eligibility to confirm.

Immigrants using an ITIN can access free IRS-backed tax help in Texas, Florida, and California through the VITA program to claim credits like the EITC...

New Jersey's SimpleFile portal offers a free, 15-minute online application for eligible families with children age 5 or younger in 2025 to claim the...

• Converting a traditional IRA to Roth before gifting to charity wastes money — charities pay no taxes either way
• Leave IRA assets to charity and...

2026 Contribution Limit Adjustments

• 🔥 401(k) Limit Rises: The 401(k) contribution limit rises to $24,500 for 2026, allowing workers to set...

• Decide if Form 843 fits: Request penalty abatement, interest relief or certain refunds when reasonable cause applies or you qualify for first-time...

Homeowners can still lock in the full 30% federal Residential Clean Energy Credit on qualifying solar installs placed in service by December 31,...