Key takeaway: Free tax filing options are available through IRS Free File, government-sponsored community assistance programs and free editions from major tax brands — but not everyone is eligible. You may be able to file your federal and state taxes for free, depending on your income, age, military status and the tax forms you’re required to use.

There are ways to file taxes for free — including IRS programs, community programs and tax software with free versions — but the best choice (and eligibility) depends on your situation and how complex your return is. 

You’re more likely to find free tax filing options if your taxes are straightforward or if you qualify based on factors like income, age or disability status. But even if you’re eligible for multiple options, one may stand out from the others based on what you’re looking for, such as live expert support, how easy it is to use, and whether you need to file state taxes in addition to federal.

• Where can I file taxes for free?
• What documents do I need to file my taxes for free?
• Which free filing option is right for me?
• FAQs about how to file taxes for free

Where can I file taxes for free?

If you meet their criteria, you can file your return for free with IRS Free File, Volunteer Income Tax Assistance (VITA), Tax Counseling for the Elderly (TCE) or MilTax, as well free versions of commercial software such as TurboTax Free Edition. Keep in mind that some “no-cost” filing options may still charge extra for state returns. 

When deciding where is best to file your taxes, take a look at how each one works and who typically qualifies.

Free-file providers offer guided preparation for federal returns, though eligibility often depends on your income, age or the complexity of your tax forms.

IRS Free File

Pros

• Free access to some tax prep software to e-file a federal return
• Multiple participating providers to compare

Cons

• Eligibility depends on income and other provider-specific requirements
• State returns may not be included and can cost extra

What it is: IRS Free File is a public-private partnership between the IRS and the Free File Alliance, a group of industry-leading tax prep software companies. 

This program provides eligible taxpayers with free access to brand-name tax prep software to prepare and e-file their federal returns at no cost. 

The Free File Alliance estimates that about 70% of taxpayers — about 100 million people — qualify for the free IRS e-file.

Who is eligible: If your adjusted gross income is $89,000 or less in 2025, you may be eligible to use Free File for 2026. 

How to file for free: To get started, browse the current offers on the IRS website from participating providers and review each provider’s terms to confirm you qualify for a free federal return. 

Some partners also include free state filing, while others may charge for state returns. Once you select an offer, you’ll leave IRS.gov and complete your tax return on the provider’s site.

Heads up: Note that if you don’t qualify for guided IRS Free File, the IRS also offers Free File fillable forms, which are available at any income level. This option may be a good option for you if you’re comfortable preparing your own tax return without step-by-step guidance.

Volunteer Income Tax Assistance and Tax Counseling for the Elderly

Pros

• Free, IRS-certified volunteer help with basic tax returns
• TCE is especially helpful for retirement and pension questions, with a focus on adults ages 60+

Cons

• Limited to basic returns and eligibility requirements may apply
• Availability varies by location, hours and languages

What it is: The IRS offers two programs — Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) — that provide free help with basic tax returns for people who qualify.

Who is eligible:

• VITA: You may qualify if you earn $69,000 or less, have a disability or speak limited English.
• TCE: Specializes in pension and retirement-related questions. It offers free tax assistance for all taxpayers, with a focus on helping people age 60 and older.

How to file for free: The IRS website lets you search for VITA sites nationwide and shows details like hours of operation, languages offered and whether you need to schedule an appointment. Trained volunteers can explain common tax issues and prepare basic tax returns for free.

Heads up: Although the IRS oversees both programs, local VITA and TCE sites are operated by community partners and staffed by IRS-certified volunteers.

MilTax for military members and veterans

Pros

• Free tax software plus support from trained consultants (phone or live chat)
• No income limits
• Includes one federal return and up to five state returns at no cost
• Built for common military tax situations including deployments, combat pay and multistate filing

Cons

• Limited to eligible service members, families, survivors and qualifying veterans
• Program offers no in-person assistance

What it is: Offered by the Department of Defense, MilTax is a free military-focused tax filing program that includes tax preparation and e-filing software, plus access to trained consultants who can answer questions by phone or live chat. 

Who is eligible: MilTax is available to service members, qualifying veterans and family members. And there are no income limits.

How to file for free: To get started, visit MilitaryOneSource.mil to access the software, review eligibility and find support options. Eligible taxpayers can file one federal return and up to five state returns at no cost. The software is designed for common military tax situations such as deployments, combat pay, frequent moves and multistate filing.

Free editions of tax prep software

Pros

• Convenient guided filing for simple returns
• Multiple well-known providers offer free tiers
• Good fit for straightforward returns (e.g., W-2 income and standard deduction)

Cons

• “Simple” return rules vary by provider
• State returns may cost extra
• More complex situations including 1099 income, stock sales or rental property income may require paid upgrades
• Expert help typically costs extra

What it is: Many major tax software companies offer a free version for tax filers with simple returns. Several major providers — including Credit Karma powered by TurboTax — offer free tiers, so it’s worth comparing what’s included.

Who is eligible: What counts as a “simple return” varies by company, but you’ll often qualify if you only have items such as W-2 income, interest and dividend income, and take the standard deduction. More complicated tax situations — such as multiple income sources or itemized deductions — typically aren’t eligible for the free option.

How to file for free: Choose a provider’s free tier and make sure you’re using its specific “free edition,” which may differ from the same company’s IRS Free File offer. Next, review how the provider defines a “simple return” so you don’t get bumped into a paid upgrade. If you have a straightforward return, you might also file at no cost using TurboTax Free Edition in the Credit Karma app.

Heads up: Before you submit — no matter which free edition you use — confirm the price summary shows $0 and whether state filing is included.

What documents do I need to file my taxes for free?

There are common tax documents you’ll need to file your taxes, but what you’ll use depends on your specific tax situation and the free filing option you choose.

Personal information

• Your Social Security number or Tax ID number 
• Social Security number for spouse and any dependents
• Bank account and routing numbers for direct deposit/refund

Income docs

• W-2 forms from each employer 
• Form 1099-G (unemployed) 
• Interest (1099-INT) and dividends (1099-DIVS) that don’t require filing a Schedule B
• Form 1099-K (payments from payment cards and online marketplaces)
• Form 1099-R (IRA and pension distributions)

Deductions and credits

• Schedule 1-A (Form 1040; deduction for tip income, overtime pay, interest paid on car loans and enhanced deduction for seniors)
• 1098-E (student loan interest) 
• 1098-T (tuition)
• Form 8863 (educational credits)
• Property and vehicle tax receipts
• Receipts for cash donations (charitable giving)
• Records for non-cash donations (goods, clothing, etc.)

What documents do I need to file taxes online for free on Credit Karma?

If your tax situation is simple and straightforward, you may be able to file for free using TurboTax Free Edition in the Credit Karma app. In general, a “simple” return is a basic Form 1040 that doesn’t require complex schedules, which are add-on forms used to report specific types of income, deductions or credits.

You’ll usually qualify for the free version if your tax documents include only:

• W-2 income: Wages from an employer
• Limited interest or dividends: Forms like 1099-INT or 1099-DIV that don’t require Schedule B
• Standard deduction: You’re not itemizing deductions such as mortgage interest or medical expenses
• Common tax credits: Earned Income Tax Credit (EITC) or Child Tax Credit (CTC)
• Student loan interest: Interest reported for the student loan interest deduction
• Basic retirement income: Distributions from a qualified retirement plan

Pro tip: If you didn’t file with TurboTax last year, you can file for free on the Credit Karma or TurboTax mobile app even if your taxes are more complex and include such things as investment or freelance income. Just be sure to start in either the TurboTax or Credit Karma mobile app and finish in the app or web browser by 11:59 p.m. ET Feb. 28, 2026, to take advantage of this offer. Offer terms apply.

Which free filing option is right for me?

The best free filing choice depends on your income, the tax forms you need, any life circumstances that affect your return (such as retirement income or military service) and how much help you want along the way.

• Determine your adjusted gross income for tax year 2025.
• Size up the complexity of your return. If you only have W-2 income and take the standard deduction, it’s likely pretty straightforward.
• Consider any special circumstances, such as retirement or pension questions, or being a member of the military, a qualifying veteran or a family member.
• Decide whether you’d like in-person help or prefer to file on your own.

With these considerations in mind, you’re ready to choose the filing route that fits your needs and comfort level — whether that’s IRS Free File, VITA, TCE, MilTax or a commercial free edition for a simple return.

Review you options carefully so you’re not surprised by charges for state filing or optional add-ons.

When you’re ready, e-filing with direct deposit is usually the fastest way to get your refund. The IRS says most refunds arrive within 21 days after your return is accepted, though timing can vary.

When should I consider paying to file taxes?

Consider paying to file your taxes when a paid version saves you time, reduces stress or helps you file more accurately — especially if your return includes forms that free tiers don’t cover. That can include paying for state filing when it isn’t free or upgrading for more complex situations like freelance income, stock sales or rental property. You may also decide it’s worth the cost if you want live expert support or a review for peace of mind. Before you submit, check the final price summary so you understand exactly what you’re paying for, including any state fees or add-ons.

Relevant sources: Free File Alliance, IRS: E-file: Do your taxes for free / IRS: Free tax return preparation for qualifying taxpayers / IRS: Free File software – Most commonly filed federal forms are available / USA.gov: How to file your federal income tax return / Military OneSource: Miltax: Free Tax Services / IRS: Form 1099-K / IRS: Form 1099-G / IRS: Form 1099-INT / IRS: Form 1099-DIV / Publication 4491, VITA/TCE Training Guide / USA.gov: Get free help with your tax return / IRS: IRS Free File can handle many complicated tax returns / IRS: Instructions for Schedule A (Form 1040)

This offer is no longer available on our site: Citi Custom Cash® Card

A credit card offering a 0% introductory APR for a year or more can be a powerful tool for debt relief. Whether you need to pay down high-interest debt or finance a major purchase, these cards give you a long, interest-free runway that can help you meet your financial goals.

U.S. Bank Shield™ Visa® Card: 0% intro APR for 18 billing cycles

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U.S. Bank Shield™ Visa® Card

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Here’s why: This card offers an extended 0% offer period while earning cash back on travel spending.

• Intro rate: 0% intro APR on purchases and balance transfers made within 60 days of account opening
• Intro rate length: 18 billing cycles from account opening
• Ongoing APR: 16.99% - 27.99% variable APR for both purchases and balance transfers
• Balance transfer fee: An introductory fee of either 3% of the amount of each transfer or $5 minimum, whichever is greater, for balances within 60 days of account opening. After that, either 5% of the amount of each transfer or $5 minimum, whichever is greater.

You can also earn 4% cash back on prepaid air, hotel and car reservations booked directly in the U.S. Bank Travel Center, though the card offers no rewards for other purchases.

Chase Freedom Unlimited®: 0% intro APR for 15 months

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Chase Freedom Unlimited®

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Here’s why: This card has a strong 0% intro APR offer and attractive rewards that add long-term value. 

• Intro rate: 0% APR on purchases and balance transfers
• Intro rate length: 15 months after opening the account
• Ongoing APR: 18.24% - 27.74% variable APR for both purchases and balance transfers
• Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. 5% (minimum $5) thereafter.

For rewards, you’ll earn 5% back on travel purchased through Chase and 3% back on dining and drugstore purchases. All other purchases earn 1.5% back.

Wells Fargo Reflect® Card: 0% intro APR for 21 months

Here’s why: With this card, you get an extra-long intro offer to help you save on interest.

• Intro rate: 0% APR on purchases and balance transfers made within 120 days from the day you open your account 
• Intro rate length: 21 months from account opening
• Ongoing APR: 17.49%, 23.99%, 28.24% variable APR for both purchases and balance transfers
• Balance transfer fee: 5% (minimum $5)

See if you have an offer for the Wells Fargo Reflect® Card on Credit Karma.

Citi Custom Cash® Card: 0% intro APR for 15 months

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Citi Custom Cash® Card

Citi Custom Cash® Card

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Here’s why: In addition to a solid 0% intro APR period, this cash back card offers flexible rewards.

• Intro rate: 0% intro APR on purchases and balance transfers completed within four months of account opening
• Intro rate length: 15 months from account opening
• Ongoing APR: 17.99% to 27.99% on both purchases and balance transfers
• Balance transfer fee: 5% (minimum $5)

The card also offers 5% cash back on your top eligible spending category each billing cycle on up to $500 spent (then 1%) and 1% back on all other purchases. Your rewards category automatically applies to your spending, so you don’t have to track and activate any offers to take advantage.

BankAmericard® credit card: 0% intro APR for 21 billing cycles

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Here’s why: This card offers a long 0% intro APR period, plus a relatively low balance transfer fee.

• Intro rate: 0% APR on purchases and on balance transfers made in the first 60 days after your card opens
• Intro rate length: 21 billing cycles from account opening
• Ongoing APR: 14.99% - 25.99% variable APR for both purchases and balance transfers
• Balance transfer fee: 5% of the amount of each transaction

Chase Slate Edge®: 0% intro APR for 18 months

Here’s why: This card offers a lengthy 0% intro APR period and incentives when you make consistent on-time payments. 

• Intro rate: 0% APR on purchases and balance transfers 
• Intro rate length: 18 months from account opening
• Ongoing APR: 18.74% – 28.74% variable APR for both purchases and balance transfers
• Balance transfer fee: Either $5 or 3% of each transfer, whichever is greater, in the first 60 days, then 5% (minimum $5)

After the intro APR period is over, Chase will review your account for an APR reduction of up to 2% when you pay on time and spend at least $1,000 on your card by your next account anniversary.

Buy-now, pay-later, or BNPL, loans are a type of short-term financing that allows you to split a purchase into equal, often interest-free, installments paid over a few weeks or months. 

Applying for a BNPL loan usually involves a soft credit check, meaning it won’t hurt your credit scores. But once the loan is approved and active, it may affect your credit. Read on to learn how these loans could affect your credit history and scores.

Does buy-now, pay-later affect your credit scores?

BNPL loans may soon affect your credit scores. Existing versions of the most widely used credit scoring models — FICO and VantageScore — aren’t using BNPL data in their score calculations yet, but the FICO® Score 10 BNPL and FICO® Score 10 T BNPL, launching in fall 2025, will factor in this information. 

Is buy-now, pay-later bad for your credit?

A buy-now, pay-later loan can hurt your credit if the BNPL provider reports your loan and activity to one of the three major credit bureaus — Equifax, TransUnion and Experian — and you make a late payment or miss one altogether. That negative history can appear on your credit report. Additionally, if you don’t repay your BNPL loan and it’s turned over to a debt collector, that collection could be reported to a credit bureau and hurt your credit scores. 

Some companies, such as Affirm, report BNPL activity to at least one credit bureau, while others, such as Klarna and Afterpay, don’t. 

If your BNPL provider does report to a credit bureau, here’s how the information is used:

• TransUnion notes on its website that any BNPL information provided to the credit bureau is visible to you but can’t be used by credit scoring companies or lenders and won’t affect credit decisions or your scores. It states, however, that this information may factor into your credit score provided by TransUnion in the future.
  
  Beginning in January 2026, all Credit Karma members with any BNPL account reported to TransUnion will see that account reflected on their TransUnion credit reports as “point-of-sale installment loan.” That information doesn’t currently affect members’ credit scores.

• Equifax credit reports include any BNPL information reported by providers. This information doesn’t affect your credit scores, but can be seen by lenders who request an Equifax credit report containing BNPL account information when deciding whether to approve you for a loan or credit.

• Experian also includes any reported BNPL data in your credit report. This information isn’t currently factored into existing credit scores, but is visible to lenders who request an Experian credit report and could affect whether they approve you for a loan or credit. 

How does buy-now, pay-later work?

BNPL is a type of short-term financing that allows you to make a purchase and pay for it later in installments. It’s a common option offered by online retailers, but you can also find it at some brick-and-mortar stores.

The standard BNPL plan operates as four equal payments over six weeks. You typically make the first payment at checkout, followed by a payment every two weeks.

Short-term BNPL loans often charge no interest because the provider earns money by charging merchants a transaction fee. But if you opt for longer-term options (ranging from three to 48 months) for bigger purchases, those typically charge interest — at an annual percentage rate, or APR, that’s typically higher than the average credit card APR.

What are the pros and cons of buy-now, pay-later loans?

If you need to make a purchase that just can’t wait, consider the advantages and drawbacks of a buy-now, pay-later loan.

Benefits of buy-now, pay-later loans

• Convenience. You’ll find out at checkout if you’re approved for a BNPL loan to make a purchase — no need to wait for a lending decision.
• Interest-free periods. With many short-term BNPL loans, like those offered by Klarna and Affirm, you won’t pay interest on your purchase.
• Soft credit check. The hard credit checks that some lenders do when you apply for a loan can ding your credit scores. But buy-now, pay-later providers typically use a soft credit check that won’t affect your credit scores.

Drawbacks of buy-now, pay-later loans

• Short repayment timeline. If you want to avoid paying interest, you typically need to pay for the entire purchase within six weeks, which might be tough for large purchases. 
• High interest rates for longer-term financing. Some providers, like Affirm and Klarna offer longer repayment terms — but it’ll cost you. These payment options charge interest, and rates for longer-term financing can be higher than the average APR for credit cards or personal loans. 
• Fees. If you make a late payment or it gets returned, you could be charged a hefty fee. 
• Might hurt your credit. Some providers report late or missed payments to the credit bureaus, which may appear in your credit report. 

Next steps

With BNPL accounts increasingly showing up on credit reports, it’ll be easier to track how your BNPL loan fits into your overall credit profile. 

If you have one or more BNPL loans, you can check your TransUnion report for free on Credit Karma to see if the account(s) appears as a “point-of-sale installment loan.” 

If you’re thinking about getting your first BNPL loan (or another one), consider comparing the loan terms and potential credit impact to that of a credit card or small personal loan. This can help you choose the best option for your financial situation and credit-building goals.

Best for everyday cash back: Chase Freedom Unlimited®

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Chase Freedom Unlimited®

Chase Freedom Unlimited®

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Here’s why: With the Chase Freedom Unlimited®, you get 3% Cash Back rewards on restaurant purchases, including takeout and eligible food delivery services.

You’ll also get 5% back on travel bookings made through Chase Travel℠, 3% cash back at drugstores and 1.5% on all other purchases. The annual fee is $0.

Best for a relaxing night at home: U.S. Bank Altitude® Go Visa Signature® Card

Here’s why: The U.S. Bank Altitude® Go Visa Signature® Card offers four points per $1 spent on restaurants, takeout and food delivery, on up to $2,000 each quarter (then one point per $1 spent).

Additionally, you’ll earn two points per $1 spent on grocery store purchases, on streaming services, and at gas stations and EV charging stations. All other eligible purchases earn one point per $1. Combined with a $15 annual streaming credit, you’ll have the makings of some great nights in. 

The card has an annual fee of $0.

Best for dining credits: American Express® Gold Card

Here’s why: The American Express® Gold Card offers up to $10 in monthly statement credits when you enroll and pay with the card at a handful of partners, including Grubhub, The Cheesecake Factory and Five Guys. 

You can also earn …

• Up to $7 in monthly statement credits at U.S. Dunkin’ locations when you enroll
• Up to $100 in statement credits each calendar year when you dine at U.S. Resy restaurants, with enrollment 
• Up to $10 in Uber Cash each month, which you can use by selecting your American Express card as the payment method on Uber Eats orders or Uber rides in the U.S.

In addition to the credits, the card offers four Membership Rewards® Points per $1 spent on dining purchases, which includes takeout and delivery services in the U.S. (on up to $50,000 per year, then one point per $1 spent). Purchases outside of bonus categories earn one point per $1 spent.

The card has a $325 annual fee, so consider whether you’ll get more value out of the card than the fee before applying.

See if you have an offer for the American Express® Gold Card on Credit Karma (you must be logged in to see this offer).

Best for DoorDash: Chase Sapphire Reserve®

Here’s why: The Chase Sapphire Reserve® provides a complimentary 12-month DashPass membership when you activate by Dec. 31, 2027, which entitles you to free delivery and reduced service fees on eligible DoorDash orders.

The card also offers three Ultimate Rewards® points for every $1 spent on dining (including takeout and food delivery). After earning the card’s $300 annual travel credit, you’ll get four points per $1 spent on flights and hotels booked direct. All other purchases earn one point per $1.

Before applying, consider whether the card’s benefits outweigh the substantial $795 annual fee.

See if you have an offer for the Chase Sapphire Reserve® on Credit Karma.

Best for Uber Eats: American Express Platinum Card®

Here’s why: The American Express Platinum Card® offers up to $200 in Uber Cash annually, good for Uber rides and Uber Eats orders when you add the card to your Uber account and use it for payment.

As a premium travel card, it also provides access to world-class airport lounges. And when you enroll in both programs, you’ll be eligible to earn a $200 airline fee credit and receive complimentary Gold status at Hilton and Marriott hotels.

With a $895 annual fee, this card may be a good fit if your travel and lifestyle purchases help offset the cost.

See if you have an offer for the American Express Platinum Card® on Credit Karma (you must be logged in to see this offer).

Whether you take the standard deduction or itemize, your tax return has a new calculus after significant changes to the tax code that were introduced in 2025.

The new law, known as the Working Families Tax Cut (formerly known as the One Big Beautiful Bill), not only affects traditional itemized expenses but also creates several new tax deductions that can be claimed by both people who take the standard deduction and those who itemize.

The standard deduction is a fixed amount set by the IRS that lowers your taxable income based on your filing status (single, married filing jointly, etc.). Itemized deductions are a list of qualifying expenses — like home mortgage interest and charitable donations — that you can use to reduce your taxable income instead.

While these provisions apply to federal tax returns for individuals, the new tax law also introduced changes that impact businesses. Deductions for businesses are calculated separately.  

We’ll provide a more detailed overview of both the standard deduction and itemized deductions as we outline how to determine which one might work best for your financial situation.

• Standard deduction vs. itemized deductions: How they work
• How the new tax law could affect your deductions
• New tax deductions for itemizers and non-itemizers alike

Standard deduction vs. itemized deductions: How they work

To decide between the standard and itemized deduction, start by comparing your total eligible tax write-offs to the standard deduction for your filing status. The option that results in a larger deduction will maximize your tax savings.

Standard deduction

Claiming the standard deduction is easier because you don’t have to keep track of expenses. For taxes on your 2025 income, the standard deduction is …

• $15,750 for taxpayers filing as single or married filing separately
• $23,625 for head of household filers
• $31,500 for taxpayers filing as married filing jointly

Itemized deductions

To itemize your deductions, you’ll likely want to track and document specific expenses throughout the year by saving receipts, bank statements and other records. 

After adding up all of your qualifying expenses, you’ll need to complete and file Schedule A (Form 1040) to see if your total exceeds the standard deduction for your filing status. If it does, itemizing could lead to a lower tax bill.

Itemized deductions that haven’t changed for tax year 2025 include …

• Mortgage interest: You can deduct home mortgage interest on up to $750,000 of that debt.
• Medical expenses: You may deduct out-of-pocket medical and dental expenses that exceed 7.5% of your adjusted gross income.
• Charitable contributions: You can deduct cash and property donations made to qualified charitable organizations, typically up to 60% of your adjusted gross income.

How the new tax law could affect your deductions

The new law introduces key tax code changes that may affect your decision on whether to take the standard deduction or to itemize.

While the new tax law made many provisions of the 2017 Tax Cuts and Jobs Act permanent, including the larger standard deduction, it also made a number of changes. For example, the new tax law temporarily offers a more generous deduction for state and local taxes.

Increase in the SALT deduction cap

The State and Local Tax (SALT) deduction allows taxpayers who itemize to subtract certain taxes — such as property, income or sales taxes — paid to state and local governments from their federal taxable income.

Since 2018, this deduction has been limited to a combined total of $10,000 ($5,000 if married filing separately).

For tax years 2025 through 2029, the new law …

• Raises the cap to $40,000 for taxpayers with a Modified Adjusted Gross Income (MAGI) under $500,000 ($250,000 for those married filing separately).
• Gradually phases out the cap for taxpayers with a MAGI over $500,000, reducing it by 30% for every dollar their income exceeds the threshold until it reaches the original $10,000 limit.
• Adjusts the cap and income threshold annually by 1% to account for inflation.

New tax deductions for itemizers and non-itemizers alike

The law also introduced several new deductions for tax years 2025 through 2028 that you can claim whether you take the standard deduction or itemize.

Additional senior deduction

Taxpayers ages 65 and older can claim an additional deduction of $6,000. For married couples filing jointly, the maximum deduction is $12,000 if both people qualify.

Eligibility: This deduction is phased out for single filers with a MAGI over $75,000 and for joint filers with a MAGI over $150,000. 

Tip income

Eligible workers can deduct up to $25,000 in qualified tips. 

Eligibility: The deduction begins to phase out for single filers with a Modified Adjusted Gross Income (MAGI) over $150,000 and for joint filers with a MAGI over $300,000.

Overtime pay

Workers who receive qualified overtime pay can deduct up to $12,500 ($25,000 for joint filers). 

Eligibility: The deduction begins to phase out for single filers with a MAGI over $150,000 and for joint filers with a MAGI over $300,000.

New car loan interest

A deduction of up to $10,000 is available for interest paid on a loan for a new car assembled in the U.S. Used vehicles are not eligible for this new deduction.

Eligibility: This deduction phases out for single filers with a MAGI over $100,000 and for joint filers with a MAGI over $200,000.

Next steps

Deciding whether to itemize or take the standard deduction is often a simple comparison, but the best choice depends on your personal situation.

A good first step is to create a digital or physical folder to collect and organize all of your documents for potential tax write-offs throughout the year.

As you track your deductible expenses, like medical bills or charitable donations, you can compare your running total to the standard deduction amount for your filing status. 

This proactive approach can help you determine which option will lead to the biggest tax savings.A free online tool like TurboTax’s Tax Refund Calculator can also help you run the numbers to estimate your tax refund or what you may owe.

Best for most grocery shopping: Blue Cash Preferred® Card from American Express

Here’s why: The Blue Cash Preferred® Card from American Express offers an outstanding 6% cash back on up to $6,000 you spend each year on eligible purchases at U.S. supermarkets, then 1%.

You’ll also get 6% cash back on select U.S. streaming services, 3% cash back at eligible U.S. gas stations and on transit, and 1% cash back on all other purchases.

The card has a $0 intro annual fee for the first year, then $95.

Best for Whole Foods and Amazon shoppers: Amazon Prime Visa

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Amazon Prime Visa

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Here’s why: The Amazon Prime Visa offers an unlimited 5% cash back at Amazon.com, Amazon Fresh and Whole Foods Market for Amazon Prime members.

The card, which has a $0 annual fee, also offers 5% back on purchases made through Chase Travel, 2% back at restaurants, gas stations and on local transit and commuting, and 1% back on everything else.

Best for no annual fee: Blue Cash Everyday® Card from American Express

Here’s why: The Blue Cash Everyday® Card from American Express can help you save money on groceries without paying an annual fee.  

You’ll earn 3% cash back on up to $6,000 each year in eligible purchases at U.S. supermarkets, then 1%. 

The card also offers 3% back at U.S. gas stations on up to $6,000 in eligible purchases a year (then 1%), 3% back at U.S. online retailers on up to $6,000 in eligible purchases a year (then 1%) and 1% cash back on everything else.

Best for students: Bank of America® Customized Cash Rewards credit card for Students

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10 reviews

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Here’s why: The Bank of America® Customized Cash Rewards credit card for Students offers an automatic 2% cash back at grocery stores and wholesale clubs.

You’ll also earn 3% cash back in a category that you choose each month. You’ll get the 2% and 3% bonus rates on your first $2,500 in combined quarterly spending, then 1%. You’ll get an unlimited 1% cash back on all other purchases.

The available 3% categories include gas, online shopping, dining, travel and drug stores.

This card comes with a $0 annual fee.

Best for using grocery rewards on travel: American Express® Gold Card

Here’s why: The American Express® Gold Card can help you maximize your rewards on food-related purchases, including groceries.  

You’ll earn four Membership Rewards® points per $1 spent at U.S. supermarkets on up to $25,000 per year (then one point) and four points per $1 at restaurants worldwide, including takeout and delivery in the U.S., on up to $50,000 per year (then one point).

You’ll also get three points for every $1 spent on flights booked directly with the airline or through amextravel.com and two points for every $1 on prepaid hotels booked through amextravel.com. All other purchases earn one point for every $1 spent. 

The card has an annual fee of $325, so make sure you’ll get enough value from everything this card has to offer before applying.

Best for Target groceries: Target Circle™️ Card

Here’s why: The Target Circle™ Card offers a 5% discount on most in-store purchases, including groceries. This hefty discount also applies to online orders, deliveries and pickups.

You can combine the card’s 5% discount with rewards offered by Target Circle, the retailer’s free loyalty program that offers access to deals that will be automatically applied at checkout.

The Target Circle™ Card has no annual fee.

Best for Costco members: Costco Anywhere Visa® Card by Citi

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Costco Anywhere Visa® Card by Citi

Costco Anywhere Visa® Card by Citi

3.0 out of 5

303 reviews

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Here’s why: You can save money on bulk grocery purchases with the Costco Anywhere Visa® Card by Citi.

The $0-annual-fee card offers 2% cash back on Costco purchases, including groceries. 

You’ll also get 5% cash back on gas at Costco gas stations and 4% back on gas and EV charging at other gas stations on up to $7,000 in combined spending a year, then 1% back. Additionally, the card offers 3% cash back on restaurants and eligible travel purchases.

Best for simple cash back: Citi Double Cash® Card — $500 minimum limit

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Citi Double Cash® Card

Citi Double Cash® Card

2.8 out of 5

1460 reviews

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Here’s why:  The Citi Double Cash® Card has a minimum credit limit of $500, but you may be able to get a significantly higher limit based on factors like your income and payment history.

Regardless of your approved limit, the $0-annual-fee card offers straightforward and valuable rewards: 2% cash back on all purchases — 1% when you use the card and another 1% when you pay your bill.

Best for bonus cash back: Chase Freedom Unlimited® — $500 minimum limit

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Chase Freedom Unlimited®

Chase Freedom Unlimited®

3.6 out of 5

2038 reviews

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Here’s why: The Chase Freedom Unlimited® has a $500 minimum credit limit, but the limit is at least $5,000 if you’re approved for the Visa Signature® version of the card.

The card offers 5% back on travel booked through Chase Travel℠, 3% back on dining at restaurants and drugstore purchases, and 1.5% on all other purchases.

The Chase Freedom Unlimited® has a $0 annual fee. 

Best for premium travel: Chase Sapphire Reserve® — $10,000 minimum limit

Here’s why: The Chase Sapphire Reserve® comes with a high minimum credit limit of $10,000, plus tons of valuable perks.  

With a large sign-up bonus and elevated rewards on travel and dining, this card is ideal for frequent travelers. Benefits include a $300 annual travel credit and airport lounge access.

With an annual fee of $795, you’ll want to make sure you can take advantage of this card’s suite of perks before you apply.

Best for entry-level travel: Chase Sapphire Preferred® Card — $5,000 minimum limit

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

4.1 out of 5

1006 reviews

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Here’s why:  Along with impressive rewards, the Chase Sapphire Preferred® Card has a $5,000 minimum credit line. 

This card comes with a big welcome bonus, a generous rewards program, annual credits and anniversary bonus points.

The Chase Sapphire Preferred® Card has an annual fee of $95.

Best for rebuilding credit: U.S. Bank Cash+® Secured Visa® Card — $300 to $5,000 limit

Here’s why: With the U.S. Bank Cash+® Secured Visa® Card, you can earn up to 5% cash back on purchases while building or rebuilding your credit.

To open the card, you’ll need to make a refundable deposit between $300 and $5,000 to a U.S. Bank secured savings account. You’ll then get a credit line equal to your deposit.

With enrollment each quarter, you’ll get up to 5% cash back on purchases in eligible categories that you choose.

This card has a $0 annual fee.

Best for students: Discover it® Student Cash Back — $500 minimum limit

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Discover it® Student Cash Back

Discover it® Student Cash Back

5.0 out of 5

6 reviews

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Here’s why: Students who qualify for the Discover it® Student Cash Back can get a minimum credit limit of $500 — more than enough to start building a positive credit history. 

The card offers 5% back on up to $1,500 spent on purchases (then 1%) in quarterly rotating categories that must be activated. All other purchases earn 1% back.

The card charges a $0 annual fee.

Best for people who might forget to pay back in time: Citi Simplicity® Card

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Citi Simplicity® Card

Citi Simplicity® Card

2.1 out of 5

542 reviews

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Here’s why: The Citi Simplicity® Card has an 0% introductory APR for 21 months on balance transfers and for the first 12 months on purchases from date of account opening (you may see different offers on Credit Karma), plus no late fees or penalty APR for late payments.

To get the promotional rate, you’ll need to complete any balance transfers within four months of opening your account. The card has a balance transfer fee: Intro fee 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum).

After the intro periods, you’ll be charged a variable APR of 17.49% - 28.24% for purchases and balance transfers.

Best for a long 0% intro APR: Wells Fargo Reflect® Card

Here’s why: The Wells Fargo Reflect® Card offers a lengthy intro APR period — 21 months from account opening — for balance transfers and purchases.

The 0% intro APR applies to purchases as well as balance transfers made within 120 days from the day you open your account. Once the intro period ends, the card’s ongoing APR for both balance transfers and purchases jumps to a variable 17.49%, 23.99%, 28.24%.

The balance transfer fee is 5% (minimum $5) of the total balance transferred.

Best for a long 0% intro APR: BankAmericard® credit card

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BankAmericard® credit card

BankAmericard® credit card

2.4 out of 5

235 reviews

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Here’s why: The BankAmericard® credit card gives you a 0% introductory APR for 21 billing cycles for purchases as well as for balance transfers made in the first 60 days after opening your account.

Both APRs then rise to a variable 14.99% - 25.99%. The card also charges a balance transfer fee of 5% of the amount of each transaction.

Best for time to transfer your balances: Citi® Diamond Preferred® Card

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Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card

1.9 out of 5

426 reviews

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Here’s why: With the Citi® Diamond Preferred® Card, you’ll have four months from account opening to complete any balance transfers to get the 0% intro APR for 21 months.

The card has a balance transfer fee of 5% (minimum $5) of each transfer. After the intro period, the variable APR will be 16.49% - 27.24%.  

You’ll also get a 0% intro APR on purchases for the first 12 months from account opening. After that, the variable APR is 16.49% - 27.24%.

Best for simple cash back: Citi Double Cash® Card

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Citi Double Cash® Card

Citi Double Cash® Card

2.8 out of 5

1460 reviews

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Here’s why: For straightforward cash back along with a solid intro APR offer on balance transfers, the Citi Double Cash® Card is worth considering.

You’ll get a 0% intro APR for 18 months from the date of account opening on balance transfers completed within four months of opening your account. After the intro period, the variable APR will be 17.49% - 27.49%. The card has a balance transfer fee: Intro fee 3% of each transfer ($5 minimum) completed within the first 4 months of account opening. After that, 5% of each transfer ($5 minimum).

The Citi Double Cash® Card also offers a flat 2% cash back on every purchase you make — 1% back when you make the purchase and then another 1% back when you pay it off. 

If you have an American Express cash back credit card, you need to understand Reward Dollars to get the most out of your card.

Below, learn how to access and redeem your American Express Reward Dollars for statement credits and eligible Amazon.com purchases.

Redeem for statement credit

If you want to maximize the flexibility of your Reward Dollars, you can apply your accumulated rewards toward your current statement balance to reduce the amount you owe. 

Follow these steps to apply your statement credit:

• Log into your American Express account.
• Click on “Use Reward Dollars.”
• Enter the amount of Reward Dollars you’d like to apply against your next statement balance.

American Express says the statement credit will usually appear within three days. It’s also important to note that the statement credit will not apply to the “minimum payment due” portion of your balance — you’re responsible for paying that amount even if you have enough rewards to cover it. 

Redeem for Amazon.com purchases

You can also apply your American Express Reward Dollars to eligible purchases at Amazon.com. 

To use your rewards at Amazon, you’ll first need to link your eligible American Express card to your Amazon.com account. 

Once your card is linked, you’ll see your available rewards balance during checkout and have the option to apply your Reward Dollars to your purchase. There is no minimum redemption amount, and your rewards are worth the same as when you redeem them for a statement credit. 

Next steps

Whether you’re redeeming for statement credits or Amazon.com purchases, using your Reward Dollars from American Express is a fairly straightforward process. Plus, as long as your account remains open and in good standing, your Reward Dollars won’t expire.

While cash back cards from American Express offer plenty of value, you may find they have some gaps you’d like to fill. For instance, if you like to travel, you may want to add another American Express card to earn Membership Rewards® for redemptions on flights, hotels and vacation packages.

Your Blue Cash Everyday® Card from American Express offers plenty of value. But to unlock the full potential of this card, be sure you’re taking advantage of all its benefits.

With three distinct 3% cash back categories and potentially valuable credits, this card can help you earn meaningful value at a $0 annual fee. Read on to explore the best benefits.

• Earn the welcome bonus
• Learn the spending categories … and their limits
• Use the monthly Disney Bundle credit
• Consider the monthly Home Chef credit
• Take advantage of the 0% intro APR for big purchases

Earn the welcome bonus

The best way to start maximizing your earnings within your first few months of card ownership is to qualify for the welcome bonus.

Currently, the Blue Cash Everyday® Card from American Express offers as high as $200 in cash back when you spend $2,000 on eligible purchases in the first 6 months after your account opens. You’ll have to apply for the card to find out what you’re offer is. Welcome offers vary, and you may not be eligible for an offer.

Regardless of the bonus offer you received, this statement credit can help you get great value for your spending.

Learn the spending categories … and their limits

Spending on the card’s bonus categories is the quickest way to rack up rewards dollars. 

The card currently offers:

• 3% cash back at U.S. supermarkets on up to $6,000 in eligible purchases per year in purchases (then 1%) 
• 3% cash back on up to $6,000 in eligible purchases each year in purchases at U.S. gas stations (after that, 1% back)
• 3% cash back on up to on up to $6,000 in eligible purchases each year on U.S. online retail purchases (after that, 1% back)
• 1% cash back on all other eligible purchases

These rewards rates can help you earn real value from your spending, but keep in mind that they come with some limitations. 

In addition to the annual spending caps in certain categories (applied per calendar year), you’ll want to watch out for which purchases are included in each category. 

For instance, “U.S. supermarkets” does not include warehouse clubs and superstores like Target and Walmart, and “U.S. online retail purchases” won’t include everything you buy online. 

Use the monthly Disney Bundle credit

If you’re looking to save on the costs of streaming, the Blue Cash Everyday® Card from American Express can help you cover it. 

The card offers a $7 monthly statement credit (up to $84 annually) for a subscription purchase, including eligible bundle subscriptions, at Disney+, Hulu and ESPN+. To qualify, you need to enroll and purchase any monthly or annual subscription through the official U.S. website for any of the three streaming services. Your purchase will not qualify for a statement credit if you purchase your subscription as a bundle with cable services or through a third-party device or digital platform (unless the device or platform redirects to the official website).

If you already have a Disney Bundle subscription, this benefit provides clear value. And if you don’t, this credit might be a reason to take another look at this subscription package.

Consider the monthly Home Chef credit

If you’re interested in meal kits, the Blue Cash Everyday® Card from American Express offers a $15 monthly statement credit on subscription purchases from Home Chef (up to $180 per year). Enrollment is required to qualify and is subject to auto-renewal. 

Just keep in mind that this monthly credit will likely only cover some of the cost of your Home Chef order.

Take advantage of the 0% intro APR for big purchases

The card offers a 0% intro APR on purchases and balance transfers for the first 15 months after account opening. But make sure to try to pay off your purchases and transfers before the intro APR expires, or you’ll be charged a variable regular APR of 19.49% - 28.49% on both.

Balance transfers must be requested within 60 days of account opening to qualify for the intro rate, and there’s also balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

While the balance transfer offer could be helpful for those carrying debt on other cards, we recommend that cardholders using the card for other benefits try to stick to the 0% intro purchase APR offer. In general, it’s a good idea not to use the same card for both new purchases and managing existing debt — juggling both balances can get complicated, and you could end up in more debt than when you started.

Next steps

Your Blue Cash Everyday® Card from American Express comes with other benefits, including purchase protection and secondary car rental loss and damage insurance. But the perks we’ve called out above are most likely to help you maximize the card’s value in your first few months of card ownership. Eventually, as you use the card more, you might find it has some gaps you’d like to fill. For example, if you like to travel, you may want to add another American Express card to gain the ability to redeem rewards for airfare, hotel stays and more.

If you’re dealing with debt after your 0% balance transfer APR offer ends, it might feel like an overwhelming problem. But there are options that can help.

While transferring your high-interest debt to another credit card with lower rates can be a smart tactic, there are other debt consolidation strategies you might want to consider. Here are some options.

• Transfer your balance to a new 0% APR card
• Apply for a personal loan
• Find a credit counselor
• Reach out to friends or family

Transfer your balance to a new 0% APR card

When one 0% balance transfer APR ends, you might be able to find a new card with a similar offer to manage leftover debt.

If you found your 0% APR offer useful and want to do another balance transfer, there might be options available. Here’s what to do:

• Make sure you’re eligible: Many 0% APR offers don’t apply if you’re transferring your balance from another account with that issuer. Check the fine print to see if your new card allows you to transfer at that desired rate.
• Check the fees: Depending on the amount you want to transfer, the cost of your balance transfer fee might be greater than the amount you’d save in interest payments.
• Make a plan for repayment: Balance transfers are easier to manage when you have a clear plan to pay off your debt. Consider how much you’ll need to pay, and create a budget to help.

Apply for a personal loan

A personal loan can consolidate your debts into a single payment, often with a lower interest rate than your credit cards. Here’s what to do:

• Compare interest rates: Shopping around with multiple lenders can help you save money on your loan. 
• Evaluate loan terms: Look for loans with term lengths that match your ability to repay.
• Understand fees: Even if your interest rate is lower than what you’ll find from a credit card, additional fees can cost you. Look out for origination fees and other add-ons that might apply.

Find a credit counselor

Working with a reputable credit counseling agency can help you manage your debt more effectively. Take these steps:

• Research agencies: Ensure the organization is reputable and certified. A good option will send you free information before you explain anything about your situation, and they won’t promise you too much.
• Understand the plan: Before choosing an option, get a clear picture of how the agency will help manage your debts. A legitimate agency will tailor your plan to your unique situation.
• Review potential fees: Be aware of any charges for the services provided. A good credit counselor will make all the costs clear upfront.

Reach out to friends or family

Borrowing money from someone you know can provide a low-interest solution to your debt. But think through all the possible consequences for your relationship. 

• Agree on terms: Clearly document all loan terms to avoid future misunderstandings. You’re still making a financial agreement, even if it’s not with a formal lender.
• Discuss repayment plans: Develop a solid plan for repayment that both parties agree on. That way, you’ll all know what’s expected of each other.

Consider the relationship: Money can complicate a relationship even when everything proceeds as planned. Before coming to an agreement, consider if the benefits of the loan are worth that potential impact.

This offer is no longer available on our site: Bank of America® Premium Rewards® credit card

Whether you’re looking to save on baggage fees, access premium lounges or earn free flights, our guide to the best travel cards on the market can help you find one that matches your lifestyle and financial goals.

Best for simple rewards: Capital One Venture Rewards Credit Card

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Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

4.3 out of 5

73 reviews

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Here’s why: With its straightforward rewards program and annual fee of $95, the Capital One Venture Rewards Credit Card helps travelers get great value without a lot of extra effort.

You’ll earn two miles for every $1 you spend on purchases, plus five miles per $1 spent on hotels, vacation rentals and car rentals booked through Capital One Travel.

Best for premium rewards: Chase Sapphire Reserve®

Here’s why: The Chase Sapphire Reserve® is one of the most valuable rewards cards out there, offering extensive perks like a generous travel credit and access to airport lounges around the world.

This card’s annual travel credit of up to $300 can be used for a wide range of travel expenses, including taxi fares, campground fees and bridge tolls. The credit is automatically applied when you make eligible travel-related purchases.

The card has a $795 annual fee, so make sure you’ll get enough value from the perks and rewards before applying.

Best for luxury perks: American Express Platinum Card®

Here’s why: The American Express Platinum Card® offers a wealth of travel and lifestyle benefits that make it a great choice for travelers seeking extra comfort.

The $895 annual fee is hefty, but will get you access to some of the best airport lounges around the world, including The Centurion® Lounge network. You’ll also be pampered at certain hotels with room upgrades, noon check-in, late check-out, and credits for spa treatments, resort activities and dining (when available).

Best for entry-level travel: Chase Sapphire Preferred® Card

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

4.1 out of 5

1006 reviews

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Here’s why: If you’re looking to boost your travel rewards, the Chase Sapphire Preferred® Card delivers excellent benefits for a modest annual fee of $95.

You’ll earn 75,000 bonus points after spending $5,000 on purchases during the first 3 months after you open your account.

What really sets the Chase Sapphire Preferred® Card apart is the ability to transfer your points to a handful of Chase’s hotel and airline partners, where that bonus could be worth more. 

Best for budget travel: Bank of America® Premium Rewards® credit card

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Bank of America® Premium Rewards® credit card

Bank of America® Premium Rewards® credit card

3.5 out of 5

14 reviews

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Here’s why: The Bank of America® Premium Rewards® credit card is a good option for frequent travelers looking to get their money’s worth out of a travel card.

You’ll earn two points for every $1 you spend on travel and dining and 1.5 points per $1 spent on all other purchases.

If you’re on a budget, keep in mind that the card comes with a $95 annual fee — but it’s offset each year by the $100 airline incidental statement credit that you can use to pay for things like seat upgrades, lounge access, baggage fees and in-flight purchases.

Best for hotels: Hilton Honors American Express Card

Here’s why: The Hilton Honors American Express Card is a great way to earn Hilton rewards with a $0 annual fee.

The card offers a sizable welcome bonus: 80,000 Hilton Honors bonus points after spending $2,000 on purchases during the first 6 months from account opening.

You’ll also earn seven points for every $1 you spend on eligible purchases at Hilton, five points for every $1 spent at U.S. restaurants, U.S. gas stations and U.S. supermarkets and three points per $1 on all other purchases.

Best for no annual fee: Bank of America® Travel Rewards credit card

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Bank of America® Travel Rewards credit card

Bank of America® Travel Rewards credit card

3.1 out of 5

133 reviews

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Here’s why: Few flexible travel cards offer as much value for a $0 annual fee as the Bank of America® Travel Rewards credit card.

The card offers 25,000 online bonus points (worth $250 in statement credit toward travel or dining purchases) after spending $1,000 on purchases during the first 90 days after account opening.

You’ll also earn 1.5 points for every $1 you spend on all purchases. You can redeem points for a range of travel-related purchases or for a statement credit to cover the cost of those purchases.

Best for airlines: United℠ Explorer Card

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United℠ Explorer Card

United℠ Explorer Card

3.7 out of 5

113 reviews

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Here’s why: The United℠ Explorer Card offers useful perks like free checked bags, priority boarding and two United Club℠ lounge passes per year. 

You can also earn two miles for every $1 spent on purchases with United Airlines and on hotels and dining as well as one mile for $1 spent on all other purchases.

The card has an annual fee of $0 intro, then $150 after first year.