Gambling can be an exciting pastime but beware of the tax implications that go with it. A new law, effective January 1, 2026, is changing the way gambling losses are deducted, which could lead to unexpected tax bills for many players.

Investing in Education with 529 Plans Section 529 plans are a powerful, tax-efficient way for parents and grandparents to invest in a child’s or grandchild’s education. Contributions grow tax-deferred and can be withdrawn tax-free for qualified education expenses.