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2026 EITC Amounts and Income Limits: What You Can Claim
Deductions
Ritu Sharma
Jun 22, 2026 Ritu Sharma
Verified Expert

2026 EITC Amounts and Income Limits: What You Can Claim

The 2026 Earned Income Tax Credit reaches $8,231 for workers with three or more qualifying children — up $185 from 2025. Even workers without children can claim up to $664. The investment income cap is $12,200: one dollar over and you lose the entire credit, regardless of earned income. Yet roughly 1 in 5 eligible workers never claims the EITC. This guide shows every 2026 maximum, every phase-out threshold for single and MFJ filers, the qualifying child tests, the three-phase credit structure, and every common mistake that triggers an audit or a denial.

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Moving to a No-Income-Tax State: Is It Actually Worth It?
State Tax
Ritu Sharma
Jun 20, 2026 Ritu Sharma
Verified Expert

Moving to a No-Income-Tax State: Is It Actually Worth It?

Moving from California or New York to a no-income-tax state can save a high earner $25,000 or more per year — but the savings are rarely as clean as the headline suggests. Texas property taxes can run $10,000+ annually on a median home. Florida's homeowners insurance has hit $5,000–$8,000+ per year in coastal counties. Washington now taxes capital gains above $262,000 at 7% — and rates above $1 million at 9.9%. And your former state may still tax you for years if you don't establish domicile correctly. This guide models the real net savings at every income level, with every offsetting cost included.

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IRS Form 4547: How to Claim the $1,000 Trump Account Deposit
Planning
Ritu Sharma
Jun 19, 2026 Ritu Sharma
Verified Expert

IRS Form 4547: How to Claim the $1,000 Trump Account Deposit

The One Big Beautiful Bill Act created Trump Accounts — a new type of tax-advantaged IRA for children under 18. To open one and claim the one-time $1,000 government deposit, you need to file IRS Form 4547. The deposit is available only for US citizens born January 1, 2025 through December 31, 2028, and contributions cannot be made before July 4, 2026. This guide walks through every section of Form 4547, who can file it, the eligibility rules for the $1,000 pilot contribution, what happens after you submit, and how the account works during the child's growth period.

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How State Income Tax Works, 2026
State Tax
Ritu Sharma
Jun 18, 2026 Ritu Sharma
Verified Expert

How State Income Tax Works, 2026

Unlike the federal system, state income tax isn't one set of rules — it's 41 different systems, each with its own rates, brackets, deductions, and residency rules. Nine states charge nothing at all, 15 use a single flat rate, and the rest use graduated brackets similar to (but never identical to) the federal structure. Add remote work, multi-state commuting, reciprocity agreements, and the "convenience of the employer" rule, and most people have no idea which state actually taxes their income — or how much. This guide explains the entire system from the ground up for 2026.

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2026 State Tax Ranking: Biggest Movers
State Tax
Ritu Sharma
Jun 17, 2026 Ritu Sharma
Verified Expert

2026 State Tax Ranking: Biggest Movers

Nine states cut individual income tax rates effective January 1, 2026 — the largest wave of simultaneous state tax cuts in recent memory. Ohio converted to a flat 2.75% rate, completing its multi-year transition. North Carolina hit its long-targeted 3.99% flat rate. Kentucky dropped from 4.0% to 3.5%. Nebraska, Indiana, Mississippi, Georgia, Montana, and Oklahoma all cut rates too. Meanwhile California, New York, New Jersey, and Minnesota remain unchanged at the top of the chart. This guide ranks every mover, explains the mechanics behind each cut, and shows exactly what it means for a $120,000 earner choosing where to live.

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Sales Tax by State 2026: Combined Rates, Exemptions & What You Owe
State Tax
Ritu Sharma
Jun 15, 2026 Ritu Sharma
Verified Expert

Sales Tax by State 2026: Combined Rates, Exemptions & What You Owe

Sales tax in the US ranges from 0% in Oregon and Delaware to over 10% in parts of Louisiana — and the gap between the lowest and highest combined rates can mean hundreds of dollars on a single large purchase. Louisiana raised its state rate to 5% in 2025, pushing its combined average past Tennessee to become the nation's highest. Five states have no sales tax at all, groceries are exempt in most states (Illinois just made its exemption permanent for 2026), and online purchases now almost always include tax thanks to post-Wayfair economic nexus rules. This guide covers every rate, every major exemption category, and exactly how to calculate what you owe.

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RSU Trailing State Tax Explained: CA + NY After You Move
State Tax
Ritu Sharma
Jun 13, 2026 Ritu Sharma
Verified Expert

RSU Trailing State Tax Explained: CA + NY After You Move

You moved from California to Texas, and a year later you sold the RSU shares that vested before you left. California still wants its share — and it is entitled to it. RSU sale income splits into two completely separate tax buckets: the W-2 portion (sourced by workday fraction to your former state, indefinitely) and the capital gain portion (sourced to wherever you live when you sell). This guide explains the two-bucket framework, California's FTB Publication 1004 and 1100 rules, New York's 14-day threshold, the resident-state credit that prevents double taxation, and exactly which forms to file in each scenario.

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California Income Tax Brackets for 2026: Rates, Deductions & 13.3% Top Rate
State Tax
Ritu Sharma
Jun 12, 2026 Ritu Sharma
Verified Expert

California Income Tax Brackets for 2026: Rates, Deductions & 13.3% Top Rate

California has the most progressive income tax of any US state — nine brackets from 1% to 12.3%, plus a 1% Behavioral Health Services Tax surcharge on income above $1 million that lifts the top rate to 13.3%, the highest in the nation. The 2026 standard deduction is just $5,706 for single filers — far below the federal $16,100. Capital gains receive no preferential rate in California. This guide covers every bracket, the full worked example, and the key facts that affect high earners, remote workers, and retirees.

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RSU Multi-State Allocation Explained: Workday Fraction Method
State Tax
Ritu Sharma
Jun 11, 2026 Ritu Sharma
Verified Expert

RSU Multi-State Allocation Explained: Workday Fraction Method

If you lived in California for two years of a four-year RSU grant then moved to Texas, California will still tax 50% of every share that vests — even though you are no longer a California resident. This is the workday fraction method, and it applies differently in every state you worked in during the grant-to-vest period. This guide explains the formula, the California FTB Publication 1004 rules, New York's 14-day threshold, a full state-by-state grid, and every common mistake that turns a relocation into a tax surprise.

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