Podiatric Medical News
The Voice of Podiatrists
Serving Over 21,037 Subscribers Daily
February 12, 2026 #8,204
Publisher-Barry Block, DPM, JD
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| (L-R) Drs. Maria Cifone, Bhavesh Shah, Amol Saxena, Matt Roberts, Marc Benard, Jeff Yung, and Zeeshan Husain |
- Getting divorced or separated. Single and married-filing-separately statuses typically carry a lower standard deduction than those available to joint filers. Additionally, married separate filers might not qualify for certain tax breaks (like certain education tax breaks).
- Getting a pay raise. While a promotion, bonus, or raise is great news, that extra income could push you into a higher tax bracket, making your current withholding levels insufficient.
- Having a child leave home. When a child turns 17, they no longer qualify for the $2,200 child tax credit, even if they still live at home (though temporary absences, such as college, are exempt from this rule).
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