Tax season always feels like a scramble. You’re hunting for receipts, trying to remember if that donation counts and wondering if you’re leaving money on the table. Chances are, you probably are. Many taxpayers miss valuable deductions simply because they don’t know they exist or assume they don’t qualify. Here are 10 commonly overlooked tax deductions and credits that could save you hundreds or even thousands in 2026. 1. HSA Contributions If you have a high-deductible health plan, contributing to a he ...

While most of these forms should be provided to you by Jan. 31 (and they may also be available online), K-1s aren’t due until the 15th day of the third month after the end of the entity’s tax year. For example, if it uses the calendar year as its tax year, you might not receive a K-1 until March 15.Schedule K-1 for your share of the income and deductions from any pass-through, or flow-through, entity , such as a partnershipIn addition to money from employment, known in tax parlance as “ earned income ,” you ...

Welcome back. News this hour on Capitol Hill as four House Republicans join Democrats to force a vote on Affordable Care Act subsidies. Our Emily Wilkins watching that and some of the implications for House leadership.Hey Emily. >> Hey Carl. Well, yeah, as you mentioned, those four Republicans breaking with ranks, joining with Democrats to override Speaker Mike Johnson and force a vote on a three-year extension of those Affordable Care Act premium tax credits.Now, to be clear, it's not clear exactly when th ...

Healthcare & Policy - The congresswoman states that extending tax credits for healthcare is crucial, with only four Republican votes needed for passage [1] - The congresswoman criticizes Republicans for allowing healthcare tax credits to expire while making permanent tax cuts for the wealthiest Americans [2] - The congresswoman highlights the dramatic increase in insurance premiums, with some people experiencing a doubling, tripling, or even quadrupling of costs [3] - 10,000 people in Massachusetts have already opted out of ACA (Affordable Care Act) due to affordability issues [5] - The congresswoman expresses concern over rising cost of living and criticizes Republican policies for putting economic pressure on American families [6] Geopolitical & Congressional Action - Congress is considering two War Powers Resolutions, one directing the president not to proceed without Congress in Venezuela, and another addressing strikes on boats in the Caribbean and Pacific [17] - The congresswoman expresses disappointment with a classified briefing on the situation in the Caribbean and Venezuela, emphasizing the need for transparency and congressional involvement in decisions regarding war [14][15] - The congresswoman mentions a classified briefing regarding a mission in the Caribbean, specifically around Venezuela [13] - The congresswoman hopes for a holiday miracle where the president presents a healthcare plan and directs Republican members to vote for it [11]

The average premium for Obamacare enrollees is expected to more than double next year when the tax credits expire. https://t.co/EjavdkdYLd (Photo: Heather Diehl via Getty Images) https://t.co/WmpAhZBTs0 ...

A tax refund feels good because it comes in one lump sum, like a sudden windfall. The truth? That was all your money to begin with that you essentially loaned to the IRS. The average refund in 2025 was around $3,000, which means that if you’re getting a refund, you’re likely overpaying the IRS. Christopher Stroup, CFP and owner of Silicon Beach Financial, explained how to stop. Find Out: I Asked ChatGPT What Would Happen If Billionaires Paid Taxes at the Same Rate as the Middle Class Read Next: 9 Low-Effo ...

When it comes to tax time, filing taxes as “married filing separately” might seem like a simple way to keep finances tidy, but the tax code treats this status very differently than most couples expect. Before choosing it, it’s important to understand the hidden penalties that can quietly shrink deductions, erase credits and push your tax bill higher. Check Out: 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth Read Next: 9 Low-Effort Ways To Make Passive Income (You Can Start This Week) 1. C ...

Watch live coverage as White House press secretary Karoline Leavitt holds a press briefing as the Senate votes on two health care measures from Democrats and Republicans amid a fast-approaching deadline that could increase costs for millions of Americans. Both plans, are almost certain to fail. After they do, lawmakers will have only a matter of days remaining to address the expiration of the enhanced tax credits, and there's little indication that any sort of breakthrough is on the horizon. » Subscribe to ...

Watch live coverage as Senate Minority Leader Chuck Schumer (D-NY) holds a press conference ahead of Thursday's expected vote on an extension of enhanced Affordable Care Act tax credits, an issue that was at the center of Democrats' demands in the shutdown fight. The vote was part of an agreement to reopen the longest government shutdown in history, which came to an end when a group of eight Senate Democrats joined Republicans to end the impasse last month. That deal included a promise from GOP leaders to a ...

Taxpayers miss billions of dollars in credits for retirement savings contributions, lifetime learning costs and more. https://t.co/FKnlrOe3Ul ...