Read IncomeTaxBill.com updates, tax planning notes, calculator improvements, and new resources for managing income tax questions.
If you drive for deliveries or rideshare work, you may already qualify to deduct business vehicle expenses. A new federal deduction, available for 2025–2028, also lets eligible borrowers deduct interest on certain personal vehicle loans. If you use the same vehicle for work and everyday life, it helps to understand which rules apply—and how the … Read more
How to use these examples: These educational examples show how taxes can affect a move and which questions to consider before deciding. They use the years and assumptions stated below, which may differ from your situation. A qualified accountant can apply the rules to your income, filing status, property history and timing. Get advice before … Read more
Moving to a state without individual income tax can leave you with substantially more money each year. But a move also raises questions about where you will live, how you will fund that home, and what happens to any property you already own. Those questions affect one another. Selling your present home might provide the … Read more
The Oregon kicker returns a qualifying state revenue surplus through the income-tax system. The credit on a 2025 Oregon return, generally filed in 2026, is based on 2024 Oregon tax liability. Calling it the “2026 kicker” without those dates can make readers use the wrong return. Can I claim the kicker if I moved away … Read more
A federal tax break does not always carry through to Oregon. For a business owner, the practical risk is estimating both tax bills from one federal number. Oregon’s 2026 legislation identifies differences involving bonus depreciation and qualified small business stock. Oregon Revenue legislative summary. Can I deduct equipment in the same year on both returns? … Read more
If you are budgeting for a car, it helps to separate the federal saving from the Oregon result. Under Oregon’s SB 1507, the new personal car-loan interest deduction does not reduce Oregon taxable income for tax years beginning on or after January 1, 2026. Oregon’s bill summary. If your main question is what you can … Read more
Some people with higher incomes pay extra each month for Medicare. That extra charge is called IRMAA, short for Income-Related Monthly Adjustment Amount. It can apply to Part B, which covers services such as doctor visits, and Part D prescription-drug coverage. It raises your Medicare premiums rather than your income-tax bill. For 2026, Social Security … Read more
For a married couple, the useful question is which allowed filing method produces the lower combined tax and better overall outcome. A lower rate on one spouse’s return can hide a larger bill on the other’s. Generally, people married at year-end choose married filing jointly or married filing separately. Single is not an elective alternative … Read more
SALT means state and local taxes. For your personal federal return, the deduction generally covers qualifying property taxes plus state and local income taxes or general sales taxes. It is an itemized deduction: you claim eligible expenses individually instead of using the fixed standard deduction. Having a large tax bill does not guarantee you can … Read more
Twitch streamers may owe tax on subscriptions, Bits, donations, sponsorships, affiliate income, merchandise, and other creator revenue. Learn how to track income, deductions, estimated taxes, and non-U.S. streamer forms.