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2027 and 2026 Federal Tax Brackets and Standard Deduction – See How Your Take Home Pay is Impacted

The 2027 federal income tax brackets are official. The IRS released them on November 5, 2026: the standard deduction rises to $16,600 for single filers, $33,200 for married couples filing jointly and $24,925 for heads of household, and the 10% bracket now covers the first $12,800 of a single filer's…

529 Plan Rules for 2026: Contribution Limits, State Tax Deductions, and the New Roth IRA Rollover

You can put $19,000 into a child's 529 plan in 2026 without touching your gift tax exemption, or $38,000 as a married couple. On January 1, 2027, that rises to $20,000 ($40,000 for a couple), per the Internal Revenue Service (IRS) inflation notice, Rev. Proc. 2026-35. Superfunding, five years of…

2026 Medical Expense Deduction: The 7.5% AGI Floor and What You Can Actually Write Off

I get asked about this deduction every tax season, usually from someone who just had a rough year medically and wants to know if any of it comes back at tax time. The honest answer: sometimes, but the bar is higher than most people assume. The rule itself is simple.…

How to Pick the Right Tax Filing Status in 2026 (And Actually Lower Your Bill)

Your filing status is decided by one date: December 31. Whatever your marital and household situation looks like on that day determines which of the five IRS filing statuses you can use for the entire year, even if your situation changed on December 30. That single rule trips up more…

2026–2027 HSA Contribution Limits, HDHP Deductibles, and How to Make the Most of Your Health Savings Account

The 2027 Health Savings Account (HSA) limit is $4,500 for self-only coverage and $9,000 for family coverage, up from $4,400 and $8,750 in 2026. If you're 55 or older, add $1,000. If I had to pick one tax-advantaged account most people underuse, it would be the HSA. It's not close.…

Tag: deduction

2027 and 2026 Federal Tax Brackets and Standard Deduction – See How Your Take Home Pay is Impacted

529 Plan Rules for 2026: Contribution Limits, State Tax Deductions, and the New Roth IRA Rollover

2026 Medical Expense Deduction: The 7.5% AGI Floor and What You Can Actually Write Off

How to Pick the Right Tax Filing Status in 2026 (And Actually Lower Your Bill)

2026–2027 HSA Contribution Limits, HDHP Deductibles, and How to Make the Most of Your Health Savings Account