Andrea Coombes

Editor, Taxes @Bankrate | she/her | CFP® | writer, editor, financial coach | former @NerdWallet @MarketWatch

[Andrea Coombes @andreacoombes]

Homeowners, where does your state stand on property taxes? Illinois tops the list with sky-high rates, while HI, AL and AZ offer relief. See the full breakdown: https://t.co/JukIUkrpn0

[Andrea Coombes @andreacoombes]

Home equity loan tax deduction: Reality check! Post-2018, interest is deductible only if used for home improvements. Get the full scoop: https://t.co/K8Bn046DJp

[Andrea Coombes @andreacoombes]

U.S. expats, heads up: You still need to file U.S. taxes. The FEIE lets you exclude up to $120K of your 2025 income, and the foreign tax credit helps reduce your tax burden. You can use both, but not on the same portion of income: https://t.co/ppUd81ibnI

[Andrea Coombes @andreacoombes]

🚨 If you’re planning to retire one day, you’ll want to avoid the common retirement saving mistakes described here: https://t.co/IMRzXhbYmS

[Andrea Coombes @andreacoombes]

Did you file a tax extension? The Oct. 15 deadline is coming up fast. Here’s how to find the best tax pro for you if you need help filing your return. https://t.co/GnvQlBDNpT

[Andrea Coombes @andreacoombes]

Paying off your mortgage early might be smarter than you think. Less debt = lower retirement withdrawals & possibly a lower tax bracket. https://t.co/voJw6YGYno

[Andrea Coombes @andreacoombes]

Up to 85% of your monthly Social Security benefits could be taxed based on your "combined income." Plan smart — consider Roth IRAs & delaying benefits for tax savings. #SocialSecurity https://t.co/BgaGOSJrJW

[Andrea Coombes @andreacoombes]

Dreaming of a vacation home? Keep in mind, there are a slew of extra costs, including higher mortgage interest rates and more.
https://t.co/lCssf2lIjg

[Andrea Coombes @andreacoombes]

EV shoppers, time's running out! 🚗⚡The $7,500 federal tax credit ends Sept 30. With 87% of 2024 EV buyers using this credit, it's been a huge driver of EV adoption. https://t.co/ilZ4bKPFjd

[Andrea Coombes @andreacoombes]

Good news for givers: A new charitable tax deduction of up to $1,000 ($2,000 for married couples) starts in 2026. The best part? You don't need to itemize to claim it. https://t.co/nhpptZJ7jf

[Andrea Coombes @andreacoombes]

A new tax deduction of up to $6,000 is now available if you're 65 or older. This was put in place in lieu of Congress making Social Security benefits tax-free. https://t.co/FiPO5hpwaT

[Andrea Coombes @andreacoombes]

@Bankrate survey reveals Americans' skepticism about changing control of the Fed and tax cuts for the wealthy. But they say yes to slashing small biz taxes. Check out the full survey: https://t.co/q9cRgV3or1

[Andrea Coombes @andreacoombes]

If you get hit by a natural disaster like a hurricane or wildfire, don’t forget that the IRS does offer some relief if disaster strikes. https://t.co/fzT3cWoAS4

[Andrea Coombes @andreacoombes]

New Hampshire tops @Bankrate's Best States to Retire. Texas and Florida, both tax-friendly states, didn’t fare so well. Sorry, sunshine lovers! Check out the full study results: https://t.co/PSYRMk9RTR

[Andrea Coombes @andreacoombes]

Homeowners: Time’s running out on key tax credits for clean energy. Federal credits for solar and other projects expire at the end of this year. https://t.co/2QPVHtApuv

[Andrea Coombes @andreacoombes]

After 20+ years in her home, @Bankrate home expert @lindanbell still wasn’t ready for a $1,500 increase in her property taxes. Her story looks at how to review – and appeal – property taxes.
https://t.co/u9qTqzl2XJ

[Andrea Coombes @andreacoombes]

Wondering how IRAs are taxed? Traditional IRAs offer a break now while Roths give tax-free income later. The best one for you depends on your situation, but you don’t have to choose. https://t.co/3E1y9lWDEI

[Andrea Coombes @andreacoombes]

Self-employed or earning gig income? Your next estimated tax payment is due Sept. 15. Avoid penalties by planning ahead and using the safe harbor rules. https://t.co/gQJuzQdJfR

[Andrea Coombes @andreacoombes]

Retiring soon? Your timing matters–even down to the month. Retiring in January vs. December could make a big difference for your tax bill. https://t.co/mdruGNYARl

[Andrea Coombes @andreacoombes]

FICA taxes are different than income taxes. Employees split the 15.3% FICA tax rate with employers, while self-employed people pay the full percentage themselves. https://t.co/G8PGsCKPMk