Tax Preparation and Filing

This living topic covers a variety of current issues and practical tips related to tax preparation and filing. It includes the latest updates from the IRS, such as new tools and resources to streamline the filing process, important dates for the 2024 tax season, and changes in tax laws. The content also addresses legal actions against tax preparation companies for misleading practices, strategies for avoiding common filing mistakes, and tips for safeguarding personal information against identity theft. Additionally, it discusses specific guidance for various taxpayer groups, including gig economy workers, military personnel, and those impacted by natural disasters. The focus is on helping taxpayers navigate the complexities of tax season efficiently and securely.

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For 2026, a new tax break for people claiming the standard deduction

Charitable donations up to $1,000 per taxpayer are now deductible

Aug. 14, 2026 By Mark Huffman

A new federal tax provision will allow non-itemizers to deduct up to $1,000 in qualifying cash donations, or $2,000 for married couples filing jointly, beginning in 2026.

Donors must keep a bank record or written receipt for every cash gift, while contributions of $250 or more require a detailed acknowledgment from the charity.

Taxpayers—not charitable organizations—are responsible for ensuring donation records satisfy IRS requirements before filing.

A federal tax break for...

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2026