Category: Taxes Made Simple
-

New U.S.-built car buyers can deduct up to $10,000 in loan interest
Car loan interest is one of those costs buyers barely notice because it is baked into a monthly payment, yet over a five- or six-year loan it can add up to thousands of dollars. A new federal tax break gives some buyers a way to claw part of that back. If you finance a new,…
-

West Virginia storm victims in two counties now have until February 2027 to file, and some can tap retirement savings penalty-free
When a disaster hits, the last thing a family is thinking about is a tax deadline, and the IRS knows it. For residents and businesses in two West Virginia counties hammered by summer storms, the government has pushed federal filing and payment deadlines all the way into next winter, and it has opened a door…
-

Colorado seniors and people with disabilities can claim a rebate of up to $1,178 for property tax, rent, or heat
A lot of state help for older residents goes unclaimed simply because no one knows it exists. Colorado runs one worth a second look: a rebate of up to $1,178 a year that puts money back in the pockets of low-income seniors who paid property tax, rent, or heating bills. For a household living on…
-

Iowa homeowners 65 and older can claim up to $1,000 off property taxes
Property taxes are one of the hardest bills for a retiree on a fixed income, because they climb with home values whether or not the paycheck does. Iowa offers older homeowners a direct answer to that squeeze: a credit worth up to $1,000 against property taxes, with a parallel benefit for renters. It is money…
-

The $6,000 senior deduction shrinks once income tops $75,000, or $150,000 for couples
A new $6,000 tax deduction for people 65 and older has been promoted heavily, and it is real. What gets mentioned far less is the income line where it starts to disappear. For a single filer, the break begins shrinking once income passes $75,000, and for a married couple the line sits at $150,000. Knowing…
-

A single new form, Schedule 1-A, is where you claim the tips, overtime, car-loan and senior deductions
You may have heard about the new tax breaks for tips, overtime, car-loan interest, and older Americans and wondered where on earth you actually claim them. The answer is a single new form. The IRS created Schedule 1-A to gather all four deductions in one place, and knowing it exists is half the battle for…
-

A permanent tax credit now pays employers up to 25% of paid-leave wages, and part-timers working 20 hours a week finally count
Families encountering the permanent expansion of the employer paid-leave credit need more than a large number. They need the exact group covered, the present legal status and the next useful step for the permanent expansion of the employer paid-leave credit. The current primary record provides that map for the permanent expansion of the employer paid-leave…
-

Maryland’s student loan tax credit closes to applicants on September 15
The financial consequence of Maryland’s 2026 student-debt credit application is easier to miss than the large number. An official source now fixes the amount, date and status for Maryland’s 2026 student-debt credit application. Reading the official pieces together shows what a consumer can do about Maryland’s 2026 student-debt credit application and what remains unresolved. Two…
-

Wildfire victims in three Georgia counties have until August 20 to file federal returns
Residents and businesses in three southeast Georgia counties have less than two weeks left on a federal disaster-tax extension. The relief moves many filing and payment dates to August 20 for people affected by April wildfires and straight-line winds. It does not forgive the tax, and it does not create special retirement-withdrawal relief. Clinch, Echols…
-

New Jersey seniors have to file the PAS-1 by November 2 to get ANCHOR, Senior Freeze, or Stay NJ money
New Jersey combined three major property-tax relief programs into one senior application, but the simpler form still has a hard deadline. Eligible older homeowners must submit the 2025 PAS-1 by November 2 to claim ANCHOR, Senior Freeze or Stay NJ benefits. Filing once lets the state determine which programs fit. One application does three separate…
