Tax Tips

Current figures for tax year 2026: deductions, credits, exclusions, and IRS collection programs.

Understanding Tax Deductions

How the 2026 standard deduction, SALT cap, and itemizing rules actually work.

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Maximizing Tax Credits

2026 Child Tax Credit, EITC, education credits, and the refundable vs. non-refundable split.

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Tax Exclusions Explained

Income that never enters AGI in 2026 — including the $132,900 foreign earned income exclusion.

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Understanding Offer in Compromise

How the IRS actually evaluates an OIC in 2026 — and why most “pennies on the dollar” ads are wrong.

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Setting Up an Installment Agreement

Current IRS payment-plan thresholds: guaranteed, streamlined, short-term, and partial-pay.

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Requesting Penalty Abatement

First-time abatement, reasonable cause, and which penalties the IRS will actually drop.

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Currently Not Collectible Status

Hardship status that stops levies — with interest still running and periodic IRS reviews.

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Innocent Spouse Relief

Form 8857 options after a joint return: innocent spouse, separation of liability, and equitable relief.

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