Tax tips: What you need to know before the federal filing deadline
2:48
NBC News
Tax tips: What you need to know before the federal filing deadline
With the federal tax filing deadline fast approaching, NBC News' Brian Cheung shares tips and tricks on filing your return and how to maximize your breaks and deductions.
Apr 12, 2024
Tax Deduction Tips
Most people are walking into 2026 with outdated tax assumptions. Not because taxes are confusing. Because they never updated the rules they are playing by. The Big Beautiful Bill is a federal tax law that reshaped deductions and credits starting in 2025. And yes. Most of it carries into 2026. That matters more than people realize. Overtime income still has a deduction window. Tips still qualify for tax relief up to a cap. The child tax credit remains higher than before. Car loan interest is dedu
0:07
Most people are walking into 2026 with outdated tax assumptions. Not because taxes are confusing. Because they never updated the rules they are playing by. The Big Beautiful Bill is a federal tax law that reshaped deductions and credits starting in 2025. And yes. Most of it carries into 2026. That matters more than people realize. Overtime income still has a deduction window. Tips still qualify for tax relief up to a cap. The child tax credit remains higher than before. Car loan interest is dedu
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