IRS Announces New Interest Rates For November: What They Mean For Loans And Estate Planning
The IRS has announced November 2026 interest rates. See how new AFRs affect family loans, installment sales, and estate planning strategies.
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Trump Accounts Are Now Automatic, But the $1,000 Isn’t
Trump Accounts are rolling out for eligible children, but the $1,000 isn’t automatic. Here’s who qualifies, how contributions work, and what parents need to know.
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New IRS Rates Are Out: Why AFRs Matter
The IRS publishes applicable federal rates (AFRs) every month. You may have even seen them on the IRS website. Most recently, the IRS posted Revenue Ruling 2026-17, which notes that, for September 2026, the annual rates are 4.18% for short-term obligations, 4.49% for mid-term obligations, and 5.12% for long-term obligations. But what exactly are AFRs—and…
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Ask the Taxgirl: Home-Related Tax Deductions When You’re Not On the Deed
**Can you deduct property taxes or mortgage interest on a home you don’t own? Here’s what the tax rules say about paying expenses for a family member’s home.**
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Making Sense of the Child Tax Credit in 2022
Over the past year, the child tax credit has changed significantly. So what exactly do taxpayers need to know about the differences from last year to this year, and how will those changes affect them? What do people need to know about changes to the Child Tax Credit? On today’s episode of the Taxgirl podcast,…
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What You Need to Know About Taxes When Kids Play the Market
My kids play the market. Well, sort of. I wanted them to start learning about money—and yes, taxes—while they were young enough to make mistakes and ask questions. So I gave each of them some money and told them to invest it. My youngest has enjoyed a terrific return, prompting him to lament, “I wish…
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Where to Find Out More About the Advanced Child Tax Credit Payments
You’ve probably been hearing a lot about the advance child tax credit payments coming this summer. The credit isn’t new; it’s an expansion of the existing child tax credit. It’s more money for more families — and those families will receive the credit each month as advance payments. There’s a lot of confusion about who…
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What You Need to Know About the 2021 Child Tax Credit
Important tax changes are coming this summer for families. Specifically, the child tax credit will enable families to get advance payments. This differs from prior years, when the credit was calculated and paid out at tax time. The credit isn’t new; it’s an enhanced credit under President Biden’s American Rescue Plan, signed into law in…
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Marriage, Money, and Family Law: Tax Planning Following a Divorce
From Bill and Melinda Gates to Ben Affleck and J-Lo, we love the gossip surrounding celebrity weddings, almost weddings, and divorces. But often, the real-life consequences and marriage finances of those weddings, almost weddings, and divorces are anything but Hollywood glam. Matrimonial Law Professionals Know Family is Complicated, so it’s Best to Be Prepared When…
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Nanny Taxes: What to Know About Being a Household Employer
Even before COVID, many families used nannies to help care for their children and elderly relatives. Whether it’s the potential savings, uncertainty about returning to a shared environment, or many other reasons, in-home care offers parents and caregivers a ton of benefits. However, it also comes with hurdles, with figuring out and paying the so-called…
