2 in 3 households own a home, yet most have no idea how homeownership taxes work.

If you own a home (or plan to), here are some tax tips that will save you thousands: 1. Interest

If you have a mortgage, you can typically deduct the interest you pay on the loan up to $750,000 ($1M if taken before Dec 16, 2017) but only if you itemize your deductions.

You can also deduct points you paid if you itemize (people miss this part!)

🚨BREAKING: a 5% wealth tax and a new stimulus check is proposed in Senate.

I reviewed all 154 pages of the new bill, so you don't have to.

Here are all the details: The "Make Billionaires Pay Their Fair Share Act" was introduced today by Senator Sanders.

It has a lot of changes, from a wealth tax, to a new "stimulus check", to a minimum salary for teachers.

Buckle up...

If you held money market funds or Treasury ETFs in 2025, you may be paying state tax you don’t owe.

And majority of people report this wrong.

Here's how to save on taxes: Money Market Funds (like $VUSXX, $VMFXX, $SPAXX, etc) or Treasury ETFs (like $SGOV, $VBIL, etc) hold U.S. Treasury bills.

Treasury bills are exempt from state and local taxes.

But if you don't report them correction, you are overpaying on taxes (even if you use a CPA)

If you own a home, you must track improvements to lower your taxes.

And 99% of people don't do it and overpay the IRS...

Here are all the details: If you sell your primary home, you may be able to exclude up to $250k of gains from taxes if you meet the ownership and residence tests.

But it's not uncommon to see homes that appreciated way beyond that in the last 10 years.

So, what do you do?

Costco wealth hack:

You can get a 7.25% cash back every time you shop there.

Here's how to set it up: Bank of America has a Customized Cash Rewards credit card that offers 3% on your online purchases ($2,500 limit per quarter) if you select "online" category.

But, that 3% could be increased to 5.25%...

🚨 BREAKING: You can now sign up for the Trump Account for your kids.

Here are all the details: A Trump account is an IRA account (that is not Roth) created for the exclusive benefit of an eligible individual:

1. Hasn't turned 18 by the end of the year
2. An election was filed for (more on this in a sec)
3. Has a valid Social Security number

🚨IMPORTANT: A new tax bill can unlock up to $30,000 in additional deductions for homeowners and high earners in 2025.

This change can significantly reduce your tax bill.

Here are the details: The OBBBA tax bill increased the state and local tax deduction limit from $10,000 to $40,000 starting in 2025.

This applies to taxes you will be filing in the next few months.

But there's an income limit.

Backdoor Roth is the best loophole for high earners.

But 99% of people have no idea how to do it correctly.

Here's all you need to know: Roth IRA has income limits.

If your adjusted gross income is above $168,000 (single) or $252,000 (married filing jointly), you aren't eligible to contribute.

Luckily, there is a strategy that allows you to.

An HSA is basically a Roth IRA on steroids.

But 99% of people aren't maximizing its full potential.

Here are 6 benefits you need to know: HSA is one of the most powerful accounts.

It provides:

> tax deduction
> tax free growth
> tax free withdrawals for medical expenses

You must create "When I Die" binder.

It will help the people you love find all your financial accounts and guide them on next steps.

Here are 9 things to include: If anything happens to you tomorrow, will your family know what to do?

Where ALL your accounts are? Who to even contact?

This could be the most important binder you create, and let me show you how:

You can withdraw $70,000 from investments and pay $0 in federal taxes in 2026.

That's like earning a $100,000 pre-tax salary.

Here's how it works: The IRS announced 2 adjustments for 2026:

1. Standard deduction rises to $16,100 (single)

2. Long term capital gains are taxed at 0% if the taxable income is up to $49,450 ($98,900 for married couples filing jointly).

Brackets are based on taxable income, so...

Here's every piece of tax tips I could come up with.

Read this if you want to save money on taxes in 2026: 1. A tax refund is not free money. It's a 0% loan you gave to the IRS. Adjust your W-4 so you can invest/earn interest on that money.

2. HSA contributions are superior. You get a tax deduction, tax free growth, and tax free withdrawals for medical costs.

The IRS announced many changes for tax year 2026.

Here's everything that's changing (and how it impacts your paycheck): 1. Standard Deduction

In 2025, the standard deduction for a single taxpayer is $15,750 ($31,500 for married filing jointly)

In 2026, the standard deduction is increasing by $350, $16,100 (single), $32,200 (mfj)

🚨NEW: The IRS just published its actual tax audit rates.

Here's who actually gets audited (and how you can protect yourself): For all tax returns filed for 2014 through 2022 (most recent data), the IRS has audited 0.40% of individual returns filed.

That means there is a 1 in 250 chance to get audited (on average)

BUT it varies by income significantly...

🚨IMPORTANT: 529 plans just became more powerful under the new tax bill.

If you have kids (or plan to), you need to know these changes.

Here's what's different: 529 plans are accounts that help pay for education in tax benefical way:

1. Tax free growth
2. Tax free withdrawals for education
3. Some states offer a tax deduction for contributing

The new tax bill expands many parts of it...

🚨BREAKING: The IRS clarified how a $10,000 car interest write off actually works.

If you have a car, you need to know this to lower your tax bill in 2025.

Here's how it works (and who actually qualifies): Effective for 2025 through 2028, interest paid on a *qualified* passenger vehicle is tax deductible in 2025.

Qualified vehicle includes cars, minivans, vans, SUVs, pickup trucks, and motorcycles that were assembled in the US.

If you win the $1.6 BILLION Powerball jackpot (4th largest EVER), here are 8 things to do immediately:

1. DO NOT declare yourself the winner YET. Do this first before claiming... 2. Hire an attorney

You will receive a generational amount of cash and you need to get a "Trust and Estate" attorney from a national firm.

Don't use any firms that have connections to your friends/family.

🚨 BREAKING: New IRS guidance explains exactly how Trump Account works.

If you have kids, you must understand these rules.

Here are all the details: The IRS recently posted Notice 2025-68 to clarify how Trump accounts work, so let me explain:

A Trump account is a traditional IRA account created for the exclusive benefit of an eligible individual is designated as a Trump account.

So, who is an elgibile individual?

🚨BREAKING: The IRS just explained exactly how you can deduct car loan interest on your taxes.

Here's what it means for you: As part of the OB3 Act, the interest paid on a qualified passenger vehicle is tax deductible starting in 2025.

A qualified passenger vehicle includes cars, minivans, vans, SUVs, pickup trucks, and motorcycles that were assembled in the United States.

🚨BREAKING: The IRS just announced the inflation adjustments for tax year 2026.

Here's what you need to know (and how it affects your taxes): 1. Standard Deduction

In 2025, the standard deduction for a single taxpayer is $15,750 ($31,500 for married filing jointly)

In 2026, the standard deduction is increasing by $350: $16,100 (single), $32,200 (mfj)

The average homeowner has over $300,000 of equity.

But selling often could trigger a massive tax bill.

This is why you must track improvements (almost no one does!)

Here's all you need to know: If you sell your primary home, you may be able to exclude up to $250,000 (or $500,000 for married filing jointly) of the gain from taxes if you meet the ownership and residence tests.

But it's not uncommon to see homes that appreciated way over the limit in the last 10 years.