The Latest Breaking News from Gene Bott

5 Expenses You Can Still Deduct in 2026 — Even If You Take the Standard Deduction

While above-the-line adjustments are available to those who itemize and those who take standard deduction, there are possible limitations for some taxpayers.

GOBankingRates · Apr 5

I’m an Accountant: The Most Common Tax Moves That Trigger Extra Scrutiny

An accountant explained to GOBankingRates common moves that can trigger IRS audits, including income mismatches, inflated deductions and rounded numbers.

GOBankingRates · Apr 4

I’m a CPA: 3 Tax Changes Middle-Class Filers Should Watch Out for This Year

Here are a few tax updates worth checking before you file, especially for middle-class taxpayers.

GOBankingRates · Apr 2

I’m a CPA: 5 Disastrous Mistakes Senior Clients Make With Their Estate Taxes

According to certified public accountants (CPAs), here are five potentially disastrous mistakes some senior clients make with their estate taxes.

GOBankingRates · Mar 21

I Reviewed 3 ‘Tax Hacks’ From Social Media — Only 1 Was Actually Safe

It's tax season and the TikTok tax hack crowds are out in full force, doling out questionable tax avoidance strategies. Learn More: 5 Tax Loopholes the Ultra-Wealthy Use That Most Americans Don't Know...

GOBankingRates · Mar 20

I’m a CPA: This Is How My Favorite Clients Submit Their Tax Documentation

Experts explain why PDFs and organized digital documents speed up filing and reduce errors. Read on for details on how to submit documentation this year.

GOBankingRates · Mar 19

I’m a CPA: 3 Questions Lower-Income Americans Should Ask Themselves Before Filing

Before you file taxes, see if you qualify for IRS Free File, tax credits or free help. These questions could help low-income filers with their tax return.

GOBankingRates · Mar 19

I Asked a CPA Which Receipts Actually Matter — and Which Ones Don’t

Are all receipts are worth saving for your taxes? CPAs provide a framework for how to decide whether to keep a receipt for tax purposes or get rid of it.

GOBankingRates · Mar 18

Retirees Beware: 5 Distribution Missteps That Can Shrink Your Refund

Put the following five distribution missteps on your radar, so you don't inadvertently reduce your tax refund.

GOBankingRates · Mar 5

I’m an Accountant: The Biggest Tax Misunderstanding I See Among the Middle Class

Many middle-class households believe they have a solid grasp on how their taxes work, especially if they've been filing for years without a problem.

GOBankingRates · Feb 28